Block Management: How To Successfully Service Developments
At Bold & Reeves, we base our approach around four simple propositions which we believe put us way out in front, in the London block management game. We work with some of the most prestigious developments not just in London, but in the world. This includes the Glebe, a former Victorian school sitting on an acre of land in the oldest part of Chelsea. The secluded development consists of eight residences, ranging in size from 5,000 to 15,000 sq ft (there is a separate 21,000 sq ft townhouse on the adjacent Old Church Street).
As well as this, there is a host of other luxury developments we work with alongside our private clients. That’s because landlords and homeowners both know that the shared areas of a building are a key indicator of the value and saleability of a property. The excellent management of these areas contributes to the successful running of such a building and the overall satisfaction of the tenants or owners within.
Have you ever crossed through the front doors of a luxury property and been disappointed with the foyer that greets you or the state of the lifts? It’s more common than you would think. And who wants to spend seven figures on a property surrounded by neglected, sub-optimal or even dilapidated shared parts?
Block Management & Proptech
A key part of our approach to block management is understanding that all properties are different. Through our advanced proptech solutions we can ensure that every property receives a bespoke block management service, whether that’s maintaining a pool or keeping an eye on the water pressure. Our technology allows us to provide tailored services to suit all requirements.
From remote monitoring to our logbook to our little black book of expert contractors, we’re able to ensure that issues are resolved efficiently and at the right price. Whether you are a freehold owner of a serviced apartment block, serving on a committee for the same, or a homeowner living in any building or development with shared parts, our approach represents a new standard to archetypal property management and maintenance services that are often found in our industry.
We take the hassle out of building management for landlords by offering scheduled planned maintenance as well as reactionary maintenance and security management. We can also provide support with any communication with residents, including newsletters and updates. Alongside this, our detailed technology and remote monitoring provide useful information for our insurance partners to help them negotiate preferential terms for clients, and, ultimately, reduce insurance premiums. All of these elements provide a complete end-to-end service that few if any, companies in the industry provide.
Another layer to our block management services includes service charge management. Through our online platform, we can provide the relevant financial services to support the running of the building and make life that much easier. We can help with:
- Planning and budgeting
- Service charge demands and collections
- Support with bank accounts
- Supplier invoice management and payments
- Service charge accounting
- Service charge auditing
Through all these services, we provide peace of mind, attention to detail and meticulous block management. Luxury properties deserve the extra level of detail that we provide as do the people living there.
For more information on our services, please contact Henry Browne: henry.browne@boldandreeves.co.uk.