KT Management News

15
Sep

Secure your property | Block Management

The majority of thefts are as a result of situations being taken advantage of; such as doors and windows being left open.

Whether you live in a freehold property such as a house or a flat in a block of flats, if you want to protect your property make sure all the doors and windows including communal doors and windows are shut when you are not at the property or have gone to bed. For further advice go to www.police.uk

 

5
Aug

Management For Freeholders

property-managementWhen you hear the term service charge most will associate this with leasehold apartments. The fee paid to maintain communal corridors, the grounds maintenance, buildings insurance and the long term plan for the apartment block.

KT-Management have found construction companies are using our services more for new housing developments. This is because Local Authorities don’t always adopt the areas of private land around a new build housing development. Dependant on the site requirements we manage private roads, grass verges, any greenery, street lighting, water pumping stations, walls and much more. We prepare an annual budget to cover these costs and all (or part dependant on the terms and site)of the freeholders contribute a small amount to cover these works. Terms will be found in the deeds when purchasing the freehold property.

Here at KT-Management we also prepare a long term plan and each homeowner puts aside a small amount into a reserve fund, this then covers any wear and tear that may occur on sites and prevents owners receiving a large bill if major repairs are needed.

We work hard to make freehold site management affordable with the best interest of the site and residents in mind, so you can enjoy your new home with piece of mind that the surrounding areas are well looked after.

If you require our services please contact Kailee on 01384 573637 or kailee.hurdiss@kt-management.co.uk

23
Jul

Case Study-Working With Contractors

contractorsHere at KT-Management we can come across a variety of different maintenance issues when looking after apartment blocks. With our extensive check list that we use on our site visits, we try and be pro active not reactive. Responding to maintenance issues in a swift and professional manor is very important to us.

Over the years we have built up a large database of reliable and trusted contractors, but we are still happy to build new relationships with new and local contractors to provide our clients with a variety of services at competitive prices..

Every day is different when managing apartment blocks, we have some common faults for example replacing light bulbs to more complex situations like the case study I will reflect on now.

We had a situation in a block of apartments that effected three residents. The toilet in the ground floor apartment was backing up, not only into the ground floor apartment but the first floor apartment also. With the second floor apartment experiencing smells.

The first thing we did was to arrange for a professional expert to attend the site to assess the situation , we also attended site to meet the residents involved and to inform them that we were dealing with the situation.

It was established that the bathroom floor and suite in the ground floor apartment would need to be lifted to fix the problems with the shared soil stack. This is when we had to communicate with our own contactor and that of the residents plumber to put the bathroom back to how it was. We also updated all parties involved as to what work was being carried out and timescale for completion. This issue was resolved swiftly with all residents remaining informed.

With more complex maintenance issues communication is vital to make sure there is as little disruption as possible for residents. Also we can communication between contractors so they are aware of the situation and can get the issue resolved as quickly as possible.

 

 

 

1
Jul

Service Improvements

Here at KT-Management we are always looking at ways to improve our services. With this in mind we have upgraded our phone systems so you can be directed to the department you require.

There are also more options and information on our out of hours emergency line. 

Here is a reminder of our new address

Unit 4 Shaw House

Wychbury Court

Two Woods Lane

Merry Hill

DY5 1TA

 

12
Jun

Fly Tipping

no fly tipping Communal bins are provided for apartment sites for general waste, although the bins are large these are not to be filled with other household items and furniture.

Larger items being dumped and items on the floor can result in the bin men not collecting any of the rubbish.

Arranging for removal of extra items comes at a cost in which the homeowner has to pay. Even if you rent you may find your rental fee increases as the landlords fees increase.

Here is a link for you to find your local- Recycling Centre.

Also you can help local charities by giving unwanted furniture to them. British Heart Foundation for example do a free-collection service.

If you see anyone fly tipping please inform us of any details as fly tipping is an offence.

KT-Management working together for a nice, clean and safe environment to live.

11
Jun

Working Together In The Community

community We would like to thank PC Green for attending an AGM with residents for a site we manage in Coventry.

Thanks also to Sandwell Council for their support on a fly tipping issue.

KT-Management working together within the community for the best results for residents.

28
May

Black Country Chamber of Commerce News

Black country chamberWe are members of the Black Country Chamber of Commerce and they have published our recent accreditation on their website. Please click the link to read-

 

BCCC News

27
May

ARMA-Q Accreditation in the Local Paper

KT Certificate Our recent accreditation has been noted by the local paper.

 

Please follow the link below to read

Dudley News Publication

21
May

Case Study – Appointing an Agent.

managing agent hand shake

We were contacted by a director from a block of apartments where the residents had purchased the freehold. The had self-managed the site for several years but due to ill health and retirement they decided to look to appoint an agent to look after the running of the apartment blocks and grounds, freeing up their valuable time.

We initially asked to be sent the lease; this will establish if there are provisions to allow a managing agent to act on behalf of the company (the site).

Once we established the terms of the lease we arranged to meet the directors at the block, for us to see what is involved but also to introduce ourselves and pass over information on KT-Management and the services we provide and discuss the future plans of the site.

We received feedback from the directors after the meeting and we were told that they would like to use KT-Managements services.

Then we produced a contract between us and the directors (the site management company). The contract highlights what services are provided and the frequency. We also drew up specifications for gardeners and cleaners for each individual site and discuss these with the directors to make sure they are happy with the specifications put in place. The directors were able to give us their input on whether they wanted to continue using their current contractors or if they wanted us to obtain new quotes for new gardeners and window cleaners.

The final stages of the process was for us to set up new site bank accounts in line with the Landlords and Tenants Act and look at the accounts. Then we send out our welcome packs to residents with information of the handover along with contact numbers and our information. We also held a residents meeting so the residents could meet us and discuss the needs of the site where they live.

Some initial work and communication is needed when a site wants to appoint a managing agent like KT-Management but now the site in question are free from property management stress and they have more time to themselves whilst having the amount of involvement that they desire.

 

 

 

13
May

Election Result and Property

election_and _property

Now we have had time to digest last weeks election result, here is a basic overview of what this means to the Property Industry and for home buyers.

With a Conservative majority here are the policies we will have;

Help to Buy

There are two types of Help to Buy, one being a guarantee to mortgage lenders for what is classed as higher risk purchasers with a 5% deposit.

There is also the Help to Buy equity loan. This is for new build properties; the government will loan 20% of the value, meaning purchasers can have a 5% deposit with a 75% mortgage.

Help to Buy ISA

This is due to start later in the year, first time buyers can apply for a Help to Buy ISA where for every £200 saved the government will put £50 towards your savings with a maximum saving of £15,000.

-Right to Buy

Council tenants can apply to buy their home if they have lived within council properties for 5 consecutive years. Right to Buy offers the houses at a discounted rate. In the run up to the election the Tories explained how they want to extend Right to Buy to community housing residents.

 

The Conservatives have pledged to build 200,000 new starter homes for first time buyers with an additional 275,000 additional homes.

 

With the election result here is what we won’t have;

-Mansion Tax, an annual fee on properties over 2 million (Labour and Lib. Dem.)

-Rent to Own, first time buyers can rent to build up their share meaning they do not need a deposit. (Lib. Dem.)

-3 year tenancies in the private rental sector. (Labour)

-Stamp duty removed on Properties Under £250,000 (UKIP)

-Abolishment of Right to Buy (Green)

-Abolishment of Bedroom Tax (SNP)