Mayfair
12 bedroom house with pool
Client
Family office with super prime portfolio
Rental value
Private home
Our client had been handling maintenance and remedial works on a reactive, ad hoc basis through their original contractor who handled their refurbishment. This was proving expensive, with no competitive pricing power or transparency of predicted annual running costs.
The decision was made engage an independent and professional property management company to bring structure, transparency and cost savings.
We conducted a detailed review and competitive tender process to produce and implement an annual planned preventative maintenance (PPM) schedule. This included an annual budget, scheduled service visits and regular reporting.
Within the first year of our appointment, we saved our client 18% off their previous annual running costs.