7 Key Benefits of a New Building Manager

With over 3.1m leasehold flats in England and Wales, you’re not alone in having to choose a new block manager to ensure the smooth operation and upkeep of your building. Block management can be a complex and time-consuming task, this is where the professional building management team at M2 Property can help with a comprehensive range of services to streamline the management process and provide valuable benefits for all stakeholders.

1. Maximise value, minimise risk

Juggling the various aspects of block management, such as maintenance, finances, legal compliance and resident relations, can be overwhelming for individual property owners. Professional block managers bring a wealth of experience and expertise to the table, ensuring all tasks are handled efficiently and effectively - maximizing property value and minimizing risks.

M2 have a deep understanding of relevant legislation, including the latest fire, health and safety regulations, and best practices, so can guarantee compliance and safeguarding your interests.

"M2 are [...] competitively priced, efficient, dynamic and always on the look out
to add value for money for their Clients”

S.O.

2. Complete financial control

Managing the finances of a building can be complex and time-consuming for residents. Block managers excel at financial planning and budgeting. They help you create a realistic budget for your block, ensuring sufficient funds are available for essential maintenance, repairs, and insurance.

Additionally, they handle the collection of service charges, manage supplier payments, and prepare annual financial reports. Transparency is critical in order to ensure you have complete control over your finances.

M2 have an inhouse chartered accountant overseeing all client accounting processes with monthly cashbook reporting and independent auditors to certify annual service charge accounts for complete transparency.

3. Experienced conflict resolution

Conflicts arise through miscommunication and differences in expectations, needs and priorities. Professional block managers possess excellent interpersonal skills, allowing them to mediate disputes fairly and professionally. They can help residents find common ground and reach mutually beneficial solutions, promoting a sense of community and cooperation within the block.

With an in depth knowledge of property and leasehold legislation, the block managers at M2 adopt a proactive approach to ensure all parties understand their rights and responsibilities. Through open communication and transparency, the root causes of conflicts can be prevented from escalating in the first place.

"I have nothing but praise for their professionalism and effectiveness,
as well as their warm friendly manner".

RV

4. Free up your time

Busy professionals often lack the time to handle the issues that arise with managing their building. By outsourcing building management to a professional, you free up significant time and energy that can be better spent on other priorities.

As locally based, privately owned, experienced block managers, M2 Property can handle all of your management tasks.

They are professional, courteous,
responsive and really care...”

Eoin K

5. Transparent & timely communication

A lack of clear, timely and transparent communication is both frustrating and erodes trust. Professional block managers act as a central point of communication, fostering a positive and harmonious living environment for residents. They address resident concerns promptly and effectively, keeping everyone informed and ensuring clear and open communication between all parties.

M2 provide a single point of contact for each building who can be reached at all times with any questions or concerns, giving you the reassurance that issues will be resolved in a timely manner.

Transparency is key to fostering trust so all leaseholders receive monthly income and expenditure reports as well as inspection reports highlighting the condition of the block.

"I have always had a wonderful experience!
Very clear and helpful communication”

Andrew Y

6. Peace of mind

Perhaps the most significant benefit of employing a professional block manager is the peace of mind it brings. Knowing that a qualified and experienced team is overseeing the day-to-day operations of the building and ensuring compliance with all legal requirements, allows you to relax and focus on other aspects of your life with the confidence that your property is in good hands.

M2 Property's focus on preventative maintenance, legislative compliance and transparent financial reporting gives you the added security of knowing your investment is well-protected and operating smoothly.

“M2 are currently overseeing and co-ordinating an extensive
external maintenance and decoration project on the building
and I have been informed and consulted on all aspects of work...”

Rebecca V

7. Maximise your return on investment

Well-maintained and efficiently managed buildings are more attractive to potential tenants and buyers. Professional building managers prioritise preventive maintenance, ensuring your property is kept in excellent condition, which can lead to higher rental yields and increased property value in the long run.

M2 Property's experienced team understands this, and we take a proactive approach to block management, focusing on preventative maintenance and maximising your return on investment.

I have been with M2 since 2007 and
their management has been exceptional.

Susan M.

At M2 Property, we go beyond the standard building management services by offering a tailored approach that caters to your specific needs and requirements.

Our team of experienced and qualified professionals is passionate about delivering exceptional service and ensuring the smooth running of your building.