Attention Private Landlords: Why You Need a Property Manager!

We frequently receive inquiries from private landlords who are interested in subscribing to the Barclay MIS Protect & Collect Plan, believing they can self-manage their property with our service in place. Unfortunately, this is not an option, as Barclay MIS exclusively works with licensed real estate agents. This approach ensures the best outcome in recovering any money owed by tenants or renters. Property managers offer far more than just rent collection and routine inspections. 

A property manager has a wide range of channels and networks for marketing your property to attract the right tenants. They also often maintain databases of pre-vetted tenants, which can help save on marketing costs. Their expertise and resources enable them to select the most suitable tenants for your property, and they are likely to subscribe to tenant default databases like the Barclay MIS Tenant and Property Track to check for blacklisted tenants. Bad tenants often seek out private landlords who lack the tools and knowledge to identify potential issues, putting your property at risk. 

Your property manager is skilled in negotiating rent, lease terms, and ensuring payments are made on time. Integrating the Barclay MIS Protect & Collect services enhances this process, and if tenants fall behind, they can escalate the issue by sending formal notifications through us, your debt collection agency. 

In addition to managing rent payments, property managers conduct routine inspections to ensure your property is well-maintained and that any repair or maintenance issues are addressed promptly. This helps safeguard both the condition of your property and the well-being of your tenants. 

Your property manager also ensures your financial records are kept organized, overseeing rent collection and bill payments, which makes tax time much easier. They are well-versed in legal requirements and can handle issues like arrears, evictions, and Tribunal representation, always working to achieve the best outcome for you. Once an eviction order is granted, Barclay MIS steps in to enforce it, including managing the removal and storage of any valuable goods, as required by law. Additionally, if compensation is awarded, we go the extra mile to hold the tenant accountable, ensuring you aren’t left financially impacted. 

In summary, a property manager’s role is not only professional but personal as well. Tenants benefit from having a neutral party to approach with concerns, and landlords appreciate not having to deal with difficult situations themselves. Property managers are always available to handle issues quickly, providing peace of mind for both parties.