Sutton Coldfield Property Management

Sutton Coldfield is a residential suburb of Birmingham with a metal products industry and a large television transmitting station.  There is a huge 2,400 public recreation ground named Sutton Park which attracts local families.

The area is a great place to buy and sell a property with property price growth significantly higher than the national average.   There has been some spectacular price increases in the more expensive areas.  The average property value for a two bed property in this area is currently £284.373 which is higher than the national average.

The average asking prices in Sutton Coldfield are:

Studio Flats          £97,580
1 Bed Flats         £125,884
2 Bed Flats         £184,177
3 Bed Flats         £282,515
2 Bed Houses    £204,453
3 Bed Houses    £248,174
4 Bed Houses    £367,997

There are plenty of Detached Housed on the market, these make up 44.6% of the total.  However the least common type of property in this area is Terraced Houses which is only 3.9% of the total housing stock.  If you live in a Terraced property in Sutton Coalfield then you could be sitting on a cash cow. 

Buying a property in Sutton Coldfield as an investment to rent out is a great idea if you manage it well.  There are plenty of University Students in Sutton Coldfield in need of rooms, flats or houses to rent.

Trouble can arise when tenants pay rent late or bounce checks.  There are ways to deal with this but they start before you let a tenant move in.  Good Property Managers will always verify prospective tenant’s credit history, and follow up on contacting references.  They need to have very strict lease agreements and keep good communication with tenants and if they don’t pay go after their money legally. Another way to ensure tenants pay on time is to offer an incentive like a discount after consistent payments.

Another important part of property management is maintenance.  Maintaining your property well is a must as you want to gain a good reputation. Bad maintenance will lower the value of your investment and also cost you a lot more in the long run.  If your tenants have to put up with poorly maintained properties they will be less likely to look after your investment. 

You need to keep your neighbours sweet.  Anti-social behaviour, loud music and screaming tenants can annoy your other paying tenants and might prompt them to move.  No one likes having to call the police when someone else's lifestyle is upsetting your own but it is the other think you can do.  Luckily there are now many regulations that the government have put in place to stop noise violations and anti social behaviour. You have to be respectful but firm. This is when good relations with your tenants can be handy. 

If your have some properties and are struggling to find the time to manage them properly you should enlist the help of a professional management company.  Many investors suffer due to bad management.  If your properties are in the midland area why not try ARCH Property Management.  They have a good reputation and ensure every aspect is covered, from collecting rent to maintaining properties and vetting all potential tenants.

ARCH Property Management are a Midlands based company which years of experience dealing with Property Management.  They are quite a big company and have a sister company dealing with building solutions.  They use these builders and professionals when it comes to any repairs or maintenance needed. 

Call ARCH Property Management today and let them take the stress out of managing your investment.