Being landlords ourselves, we understand the importance of efficient communication and prompt action when it comes to renting a property. With this in mind, you can trust us to eliminate the day-to-day tasks, maintenance issues, and stress that come with managing your own rental.
We offer a holistic end-to-end approach to property management through overseeing all aspects of the process. With an eye for detail and years of experience both as landlords and as a property management company, we can become a seamless part of your property investment.
Leave your worries to us and take more time to focus on the things that really matter to you and your property business.
Our property management services
We offer a number of different property management services so that you can choose the one that best suits you.
Tenant find
Fee – 4.8 weeks rent
- Marketing of your property
- Viewings
- Reference checks
- Right to rent and draw up tenancy agreements
- Ensure tenancy is compliant
- Collection of the first month’s rent and deposit
- Check in service (full inventory report is an optional extra)
Rent Collection
Fee – 8.4%
Same services as our Tenant Find option with the addition of handling the financial aspects of your property.
We will also:
- Follow up on missed rent payments
- Rental arrears advice
- Monthly & yearly rent statements
- Negotiate contract renewals after the fixed period by reassessing rent prices based on market changes
- Rent protection & legal cover available
Full Management
Fee – 12% (14.4% for HMOs)
Same services as our Tenant Find and Financial Management options with the addition of:
- Managing the day-to-day running of the property during the tenancy
- Point of contact for the tenants throughout the term
- Online maintenance reporting tool
- Recommended contractors
- Arrange, instruct and pay contractors on your behalf
- Periodic inspections
- Check out service
- Review the check out report and advise on deductions from tenants deposits if required
- Key holding service
- Legal notices
For any maintenance needs, we will attain three separate quotes for you to choose which you would prefer. If we hold a float for you (money in case of maintenance needs) we will deduct maintenance costs from it. Anything above the float we hold will require payment in advance.
Concierge
Fee- 16.8%
Includes all of the services from our Premium option, plus:
- Perform a portfolio MOT to ensure you are maximising profits
- Assist with giving access to surveyors or any contractors on your behalf
- Negotiating appliance covers and reviewing annually to ensure you have the best deal
- Rent guarantee insurance included
- Collect letters up to once a month and arrange redelivery within the UK
- Professional inventory included
- EPC included
- Annual Gas safety included
- Energy Performance Certificate (EPC) included
- Electrical Installation Condition Report (EICR) included
- Installation of Carbon Monoxide Monitor included
Landlords with 2+ properties on Full Management or Concierge will receive a 10% discount on monthly management fees
| Sr. | Description of Fees | (Inclusive VAT) |
|---|---|---|
1 | Rent collection | 8.4% of monthly rent |
2 | Full management | 12% of monthly rent |
3 | HMO Full management | 14.4% of monthly rent |
4 | Concierge management (HMO) | 16.8% of monthly rent |
5 | Tenant Find only | 4.8 weeks’ rent |
6 | Holiday property management | £270 one-off / 16.8% weekly rental |
7 | Full management or Concierge on multiple properties | 10% discount on monthly management fees |
8 | Management takeover setup fee | £180 |
9 | Vacant management (before let / between tenancies) | £120 |
10 | Full management initial set up fee | £360.00 |
11 | Full management – Annual Rent Schedule | £72.00 |
12 | Full management Extra visits (2 included per annum with the service) to the property requested by landlord | £78.00 |
13 | Full management – Waiting time per hour at property e.g., for British Gas | £78.00 |
14 | Notice of Possession (Section 21) | £102.00 |
15 | Notice of Possession (Section 8) | £118.80 |
16 | Tenancy Renewal Fee – Let Only or Rent Collection Services | £72.00 |
17 | If property sold to tenant or third party Mortoo Homes has introduced of sale price | 1.2% |
18 | Refurbishment management | 12% |
19 | Withdrawing from entering a tenancy agreement having instructed Mortoo Homes to proceed | £300.00 |
20 | Gas Safety Certificate and boiler service | From £90 |
21 | Electrical Installation Condition Report (EICR) | From £214.80 |
22 | Legionnaires Risk Assessment | From £108.00 |
23 | Energy Performance Cert(EPC) | From £108.00 |
24 | Key cutting | £10 + Costs |
25 | HMO Application | £222 |
26 | Selective Licence | £222 |
* All charges are subject to change given a minimum 60 days’ notice.
Optional Extras
Cost for check-in inventories:
- Studio and 1 bed – £144 unfurnished and £174 furnished
- 2 beds – £174 unfurnished and £204 furnished
- 3 beds – £204 unfurnished and £234 furnished
- 4 beds – £234 unfurnished and £264 furnished
- 5 beds – £264 unfurnished and £295 furnished
- 6+ beds – Price on application
Cost for check-out inventories
- Studio and 1 bed – £126 unfurnished and £168 furnished
- 2 beds – £168 unfurnished and £198 furnished
- 3 beds – £198 unfurnished and £228 furnished
- 4 beds – £228 unfurnished and £258 furnished
- 5 beds – £258 unfurnished and £288 furnished
- 6+ beds – Price on application