Lettings is very much a numbers game - yields, per calendar month rents and management charges. While these numbers are crucial to landlords and profit-making, there are a different set of numbers that should never be overlooked. Day-to-day accounts will very much determine how effectively your business runs and how healthy your bottom line figure is. Having enough manpower to balance all the vital figures isn't easy but help is at hand in the shape of outsourcing.
ARPM Outsourced Lettings Support's dedicated rent collection service is the perfect way to balance your accounts administration books. We can relieve overburdened finance staff or save you having to employ an accounts administrator altogether. "Many of our clients had been 'making do' without a dedicated accounts person and eventually found they couldn't keep up with the invoice processing and property management aspects," comments Dave Hunt, ARPM's Business Development Director. "Some of our other clients wanted their existing accounts staff to concentrate on 'the bigger finance picture', so they chose to outsource rent collection to us. Once the tenant has set up a standing order, monies are paid into a dedicated bank account and we process the payments daily."
As well as collecting and chasing unpaid rent successfully - our arrears rate is less than 0.5% - ARPM's accounts team also process contractor payments on a client's behalf. "There's much more to accounts than chasing unpaid rent," adds Hunt. "Making sure contractors are paid on time is a vital part of property management, as their services provide the backbone of smooth lets - especially if you provide planned and emergency maintenance packages to landlords. We will issue remittance documents and deal with the often time-consuming payment related enquiries."
ARPM Outsourced Lettings Support's job is to ensure your cash flow is fluid. Our qualified and experienced accounts staff can become your entire accounts department or complement your existing team - clients simply use our flexible service to suit their lettings circumstances," concludes Hunt.
Call us today to find out more about ARPM's Outsourced Letting Support's accounts administration service.
Tel: 01923 775 705 Email: tellmemore@arpm.co.uk www.arpm.co.uk
Comments