Originally posted by Emielou5
View Post
Just remember, ----- "in my opinion" and from experience, managing agents
( my area )do not get off their backsides and visit the property to see if a good job
was done,or have the "engineering / building" experience to know if a good job was
done.
A lot of it is common sense, but Britain suffers from a lack of common sense in people
nowadays, and common sense does not magically come with qualifications in Management
or a high wage.
Know also, that the fees charged do not cover extensive management, even though their
contract looks impressive. Here £ 100 to £ 180 per year per flat gets you minimal
management.
At present, due to extensive maintenance required, and recently it was a full time jobI am
paid for a number of flats, to look after the property, , but if you relate the total cost of flats
to an hourly wage, then I get 30 pence per hour.
( 6 flats at £ 120 per year each . working 47 weeks, 5 days per week, 8 hours a day )
Yes I know, some days there is nothong to do, but if you get my drift that for a block of
6 flats the management receives 30 pence an hour. If you include weekends, and evening
calls etc, it comes down to 20 pence an hour, So you don't get much from
a Managing agent for that sort of money !
So the more you can do, the better.
My duties are extensive, demanding, and soul destroying sometimes, and you will be subject to
those if you need to check on your managing agents - current or proposed.
At least you have taken control, and the Manging agent knows if they fail, you will dispence with
their services, but don't forget also, that things they may have to do that is not part of the
contract, they can charge you £ 60 per hour ( Cos 30p per hour wont cover everything )
R.a.M
Leave a comment: