We manage a five-property portfolio for a busy independent property investor after taking it over from a long-standing independent agent.
The agent was struggling to manage the properties and the client wanted a fresh start with an experienced agent that he could trust to turn the portfolio around. LPS Real Estate fitted the bill!
We inspected the properties and were shocked to find two of the properties were vacant - without the client's knowledge - and the other three were in varying amounts of arrears.
We took immediate action and got the portfolio back on track in just four months. Within that time, we undertook two possessions from tenants in large arrears, carried out the necessary refurbishment work and re-let the properties to suitable tenants.
The properties have remained occupied without arrears and the client is happy to see his portfolio being managed without any issues.
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