Running costs management
Recurring running costs are an essential factor when managing property. These costs can have a significant impact on returns, which is why we continuously investigate potential savings for your property.
Running costs management
Recurring running costs are an essential factor when managing property. These costs can have a significant impact on returns, which is why we continuously investigate potential savings for your property.
Our running costs management services in detail
When considering the overall economic performance of your property, it is essential to also include the apportionable service charges, as tenants do not differentiate between running and rental costs when paying their rent.
For rental appeal and sustainable management, we therefore do not consider running costs as continuous apportionable items, but as an essential part of the rent.
Thus, we separate costs which can and cannot be influenced, in order to identify cost drivers by means of internal and external benchmarks. We use the results to develop individual optimisation concepts for your property that comprise both commercial and technical measures and are transferred to the respective areas via your direct point of contact.
Finally, the savings are shown on our annual service charge invoices. The reductions allow us to achieve better tenant retention and improve our marketing prospects.