Is your Property Management Company under threat of being labelled an extortion scam?

By on December 19th, 2018

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An article in Financial Times in early September 2011 caught the attention of lease holders and especially property management companies. growing number of UK leaseholders are taking action against their properties managing agents over poor service and overcharging – and many are choosing to set up their own management companies to save hundreds of pounds a year. (http://www.ft.com/cms/s/2/5a15c62e-da2a-11e0-90b2-00144feabdc0.html#axzz1YERWC4Et) Under tough financial climate the lease holders are reviewing, very closely all the spending they do across their business and home and ask for justifications of those spends. And any property management company will come under line of fire if they are unable to explain their fees to its tenants. One such case arose in October 2011, where the largest leaseholder tribunal case was settled out of court for an undisclosed seven-figure sum. Residents of St George Wharf, a luxury riverside apartment development in London, brought the action against its landlord, St George South London Limited, over unfair management costs. Now if you are a just property management firm and goo by the book and really wish to provide quality maintenance, support and value for money to your lease holders, then you need to go the extra mile. You need to incorporate CCTV security camera installations for all your lease holder property sites, whether residential or business. This way you will be able to justify the fees that your leaseholders pay by guaranteeing the security of their business, staff and their property. Other big issue faced by large property management firms is the management of multi-sites. They can invest in full-time security staff members for all the sites as that will work out to be too expensive but what they can do is look at remote CCTV monitoring options. Where a professional CCTV installing company like ours, will do audits of all their sites and then will install cameras that can be monitored day and night, from a central external location, by a couple of vigilant and certified CCTV camera officials. We even allow property management companies to have a talk back system, where if they see on their cameras a trespassers on their property, say during the night time, they will speak to them via speakers on site and tell them that they need to leave the site immediately. If they deny to comply then immediate police assistance can be called for and the best thing is that the trespassers actions are being recorded at all times. If you would like us to secure your multi-sites, then please feel free to contact us via phone: 0870 770 5077 or via our website: https://www.cctv-installers-london.com/contact.asp

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