Outsourcing Your Property Management

Working Hand in Hand

1. What is Outsourcing? 2. Benefits of Outsourcing 3. Who is Outsourcing For? 4. What Can I Outsource? 5. What Does it Cost? 6. Why Davlock?

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What is Outsourcing? Outsourcing is a relatively new concept within the Lettings and Property Management business. Also known as ‘offshoring’ or ‘contracting out’, outsourcing has developed and evolved at a tremendous speed in the last couple of years. Outsourcing is a tool that can enable you to build your business more effectively, reduce overheads and workloads whilst increasing your profits. It is a tool that should be considered when assessing how your business is performing. Yes, outsourcing can save you money but this is just the tip of the iceberg when looking at the benefits. The bottom line is that by harnessing the power of outsourcing now, you will be able to fare better against your competitors, ensure survival in a difficult financial climate and have the time and resources available to generate new business. In simplistic terms, outsourcing is Davlock taking care of all of your property management, whilst ensuring that the landlords remain your landlords and also ensuring that you retain the lion’s share of the fees being charged for your service. Let Davlock take the strain while your company makes the gain. Call Davlock on 0844 3814790 or visit our website and complete the enquiry form on www.davlock-lettings.co.uk

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Benefits of Outsourcing Businesses increasingly want to lower their costs, expand and ensure that their productivity is not compromised. Outsourcing enables you to save money in a number of ways, making savings on: Staff wages NI Contributions Holiday and Sickness costs Maternity and Paternity pay Premises costs such as utilities, rent, desk space, etc

Outsourcing also allows you to save more than it costs – this is our promise to you. The ultimate aim of outsourcing is to allow you, and your company, to do what you do best. Acquire new business either in your sales department, lettings department, or both. Your staff will be freed up from the non productive side of lettings such as tenant contact, organising landlord certificates, arranging contractors, etc. etc. We, at Davlock do this as our business. Not as a non productive, non profit making part of an existing business but as an integral part of our core business. If we have whet your appetite or have posed some questions that you would like answering, just call us on 0844 3814790 or visit our website and complete the enquiry form on www.davlock-lettings.co.uk

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Who is Outsourcing for? The question should really be reversed and ask, who is outsourcing not for? This system of operation is becoming increasingly important to a lot of different types of people. There are Estate Agents who, when times became difficult in the selling of property world, decided to embark on Lettings as a way of making additional revenue. Why not? The sale and/or letting of properties in one office is a marriage made in heaven. Unfortunately this was not a ‘one size fits all’ remedy. Whilst initially, it helped a lot of agents stay afloat, the income generated was relatively small in relation to the costs that are incurred to create that income. Also, it took a lot of time and money away from what these agents are really good at, procuring new business. These same agents are now bursting at the seams with administration and find themselves in a state of flux. They are unable to grow anymore because of the demands and financial impact but needing to, so as to develop their business for the long term. This is where outsourcing comes in, freeing up revenue, people and office space to grow the core business. All this whilst making more money. It is also a useful tool for agents who do not want to grow and, indeed are working toward retirement but want to retain an income from their landlords’ rental properties as a ‘pension’. There are also Estate Agents who have not taken up the mantle of becoming a Letting Agent yet. Maybe this is because they feel that they do not have the correct environment for this to be a mainstay of their operation. This is where we can help. If someone said to you “Here is some money for doing almost nothing in addition to your normal operation and the administration of any Lettings will be done by Davlock”, you would have to be interested wouldn’t you? This is a chance to earn extra income from a stream that you do not currently tap into and the hassle is taken by someone else. This is a great idea, I am sure you will agree. These are only a few of the types of people and organisations that can benefit from working hand in hand with Davlock. You may even have thought of other ways to make it work for you. Furthermore, the service is bespoke to each customer. We can add, detract or amend the service to best compliment your business. If any of the above has created a need for you to know more, please contact us on 0844 3814790 or visit our website and complete the enquiry form on www.davlock-lettings.co.uk

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What Can I Outsource? Well, what type of properties do you have? Are they your everyday terraced or semi detached houses? Are they detached or ‘quirky’ houses? Are they flats or apartments? Single, family lets or multi let units? What ever type of residential property you have, we will take care of it. There is no limit to the number of properties and there is no discrimination with regard to the type of property. As with all agreements, the devil is in the detail. We have criteria that have to match with the portfolio of properties that you have and your requirements but, as yet, we have not been stumped or failed to make a contract work. We will liaise with you and discover to what extent of managing you require us to do. Once that has been agreed, we can then ‘tailor make’ the agreement to suit that criteria. When you and we are happy that the agreement proposed is suitable, we will complete the contract and then you leave the rest to us. All the necessary paperwork will be dealt with by our very competent staff and you will have minimal disruption to your operation. In fact, after the portfolio of properties has been taken over, your staff will be able to concentrate on increasing your new business sales. If you would like the opportunity to improve your new business opportunities by this method, or have some questions that you would like answering, just call us on 0844 3814790 or visit our website and complete the enquiry form on www.davlock-lettings.co.uk

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How Much Does It Cost? That is a great question and the answer is ‘Not as much as you would think!’ This answer is a little vague but it will depend upon the size of your portfolio and the level of ‘outsourcing’ that you require. If you recall, we said earlier that the service is tailor made for you and it really is. The differing levels of service need to be detailed before we can give you a figure but what we would say is that if it will not make you more money than you are currently making, then there is no reason to make the change to Davlock. We are very confident that we can make a difference to your business model and your profitability. We will require you to make some calculations relating to how much it actually costs you to produce the income you receive from your rental portfolio. In other words, let’s say for example that your management fee is 12%, how much does it cost you to make your 12%? Once you have done the calculation, I am sure that you will find that it may cost you somewhere in the region of 7.5% to 9.5%. Is this as effective as you would like it to be?Is a net income of 2.5% really where you would like it to be? If the answer to this question is no or we have posed some questions that you would like answering, just call us on 0844 3814790 or visit our website and complete the enquiry form on www.davlock-lettings.co.uk

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Why Davlock? Our pledge to you is that we will make you more profitable whilst lightening your workload. We will enable you to expand your business by reducing your overheads and we guarantee that we will save you far more money than it costs you to outsource. We truly wish to help you to grow. As you grow, we grow with you. It is in our interest to make you more profitable. We want your landlords, which will be retained by you, to bring you new business so that you can pass it to us. It also makes sense. If someone was to say to you “Let me do all the work and while I do this, you will have more net income from doing so.” wouldn’t you be intrigued and want to find out more? If your answer is even hesitantly yes, or we have posed some questions that you would like answering, just call us on 0844 3814790 or visit our website and complete the enquiry form on www.davlock-lettings.co.uk

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