Residential Property Management Guide
Property management refers to the day-to-day oversight and administration of rental properties, typically carried out by letting agents or professional management companies. From finding tenants to arranging repairs and handling rent payments, a property manager ensures that everything runs smoothly – for both landlords and tenants.
If you’re a landlord in Manchester, our property management services can save you time, ensure legal compliance, and protect your investment.
What Does a Property Manager Do?
Following on from our summary on the homepage: property management (companies) manage the day-to-day running of a rental property on behalf of the owner. It covers everything from marketing the property and vetting tenants, to rent collection, property maintenance, legal compliance, and handling tenant queries.
Think of a property manager as the middle person between you and your tenants – there to protect your investment, keep things running smoothly, and free up your time.
Advertising and letting the property
Referencing and credit checks
Drafting tenancy agreements
Rent collection and arrears chasing
Property inspections
Handling repairs and emergencies
Serving legal notices (e.g. Section 21)
Ensuring compliance with safety regulations
Types of Property Management Services
| Service | Includes |
|---|---|
| Let-Only | Marketing, viewings, tenant find |
| Rent Collection | Rent monitoring, arrears management, rent increase |
| Full Management | Complete landlord service incl. maintenance & legal compliance |
Why Landlords Choose to Use a Property Management Company
Key benefits include:
Saves time and stress
Ensures legal compliance (Gas Safety, EPC, EICR, etc.)
Reliable rent collection
Reduces void periods and tenant turnover
Access to vetted tradespeople
Who Should Use a Property Management Company?
In the UK, property management typically costs:
Let-Only: 75–100% of one month’s rent (Tip: look for an agent offering a fixed fee)
Full Management: 10–15% of monthly rent
👉 Explore Novellus’ Let-Only Service from just £495, Full Management Service from just 8% of monthly rent & HMO Management Service from just 10% of monthly rent.
FAQ – Understanding Property Management
Can I manage a property myself?
Yes, but it requires time, legal knowledge, and local contractor contacts.
Are property management fees tax-deductible?
Yes, management fees can usually be claimed as allowable expenses.
Do agents handle evictions?
Yes, full management services include serving notices like Section 8 or 21.
Ready to Take a Step Back?
Whether you’re tired of the hands-on responsibilities or you’re looking to expand your portfolio without adding more to your plate, professional property management could be the key to a smoother, more rewarding investment journey.
Novellus Property Management is here to help you manage your property the smart way – so you can enjoy the benefits of rental income without the stress.
📍 Based in Manchester, we’re perfectly placed to expertly manage your buy-to-let or HMO investment.
Contact us today either via our contact form, or give us a call, to discuss how we can assist you to achieve your investment property management goals!
