Beleaguered landlords increasingly require professional assistance not only to manage their properties but to cope with the growing bureaucracy associated with buy to let.
That’s the view of London-focussed agency Chestertons, which has just appointed Foxtons’ former operations director, Iain Bailey, as its new director and head of property management. He will be working with a team of over 40 staff.
The agency says there’s been growing demand for support from landlords who are facing more challenging market conditions and new regulations such as changes to the minimum energy efficiency standards. This requires all buy to let properties to have a minimum energy efficiency rating of C by 2028.
Chestertons managing director Richard Davies says: “Iain showcases precisely the type of determination we are looking for in our senior team members. His track record of introducing bespoke services for clients will be especially valuable to our customer-focused property management team.”
Bailey himself adds: “Chestertons is an extremely exciting business which has grown significantly over the past few years and now has one of the largest property management books in London. With an increasing amount of compliance and regulations to follow, landlords not only require a management team they can trust but a team that goes the extra mile and ensures their asset is looked after properly. I have always admired the company’s drive and focus on service and am very excited to join and play a role in growing the agency’s property management department further.”