Residential Management - Duties of The Managing
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Many residents
think that the role of the managing agent is simply to send
out bills and pay contractors. Residential management involves
a lot more than this – we are responsible for maintaining
and enhancing the value of your investment and ensuring you
are safe and comfortable in the surroundings of your home.
Our main duties are summarised as follows:-
- Maintain a full financial service from budgeting, collection
of service charge and ground rent, payment of contractors,
preparation of interim financial reports and draft annual
accounts.
- Appointing and supervising local reliable contractors
for routine servicing and maintenance.
- Providing a point of contact for residents and dealing
promptly and courteously with questions, queries and problems
relating to the property.
-
Operating a work and purchase order system for the property
to ensure that contractors are formally instructed, supervised
and promptly paid.
- Undertake routine inspections of the property, both internally
and externally, including at least an annual inspection
by a qualified and experienced Chartered Surveyor.
- Arranging and monitoring buildings insurance. Dealing
with claims. We also arrange directors and officers insurance,
lift engineering insurance and terrorism cover.
- Arranging and attending meetings with resident directors
and other residents in order to discuss the management
of the building and maintain a good working relationship
with our client.
- Preparation of specifications, obtaining tenders and
instructing major works and special projects and working
with other professionals and specialists.
- Ensuring the property complies with current fire, electrical
and other safety regulations in order to protect occupants
and contractors.
- To always listen to the views of residents and act in
their best interest.

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