The Private Rented Sector (PRS) has grown significantly over the last two decades, with noticeable growth in the last few years. The most recent estimates are that PRS comprises 18% of the housing stock in England and forecasts suggest it may be more than a third by 2032 with many investors buying or building PRS stock as a viable long term investment.
Hera will carry out the usual tasks you would expect from any high street agent such as
- Referencing and tenancy creation
- Deposit management
- Check in
- Inventory creation
- Maintenance and defect management
- Property inspections
- Rent collection
- Vacations and re-lets
As the owner of a PRS portfolio you will also want to understand how your assets are going to perform. At Hera we are experts in residential portfolio management and will discuss how best to market your properties and design a letting strategy for each scheme you bring to market. We have access to reporting which will help define your target market, rental values and are also able to optimise your advertising through our website, Zoopla and Rightmove with access to postcode specific advertising, featured properties and also behavioural targeting.
Once the scheme is fully let you we recognise the importance of regular MI reporting so you can see how your asset is performing and to recognise trends for future schemes. At Hera we provide monthly MI to enable you to do this. The data we produce will be tailored to your needs but is likely to include:
- Defect management
- Repairs performance
- Rent collection
- Void management
- Tenancy renewals
Please call us to discuss your management needs. We are happy to meet you at your office or ours, or even on site, whatever arrangement suits you best.