In terms of setting your rent roll up for compliance success this year, a Taskforce Portfolio Health Check is a must.
Imagine having an achievable action plan that you can put in place for the compliance health of your rent roll. We take you through the 3 steps of our Portfolio Health Check and how it could benefit you.
Think of our Portfolio Health Check like having a one-on-one personal fitness consultation at your gym.
First things first - what is a Portfolio Health Check?
Think of it like having a one-on-one personal fitness consultation at your gym. The trainer asks you about your health and exercise history, they might measure your weight, BMI, heart rate etc and then give you a fitness test. From these the trainer then identifies areas that need attention and gives you a course of action for each in the form of a program of exercises.
With a Portfolio Health Check we do the same - we conduct a thorough analysis of the Electrical, Gas and Smoke Alarm safety check history for each property and from this provide you with a clear overview of the health of your rent roll.
Using a simple traffic light system you can see at a glance the status of each compliance check, and have a clear focus on the properties where individual checks are behind schedule and therefore need attention. We also provide you with a clear action plan to move forward in the form of an optimised schedule of aligned compliance checks - designed to bring your entire rent roll into full compliance health.
How does a Portfolio Health Check work?
Step 1
We gather the compliance history of every safety check conducted for every property in your rent roll.
Step 2
Our platform analyses the compliance history and future requirements for each property.
Step 3
We present you with an optimised schedule of checks and a clear visual of the compliance health of your rent roll using a simple traffic light system.
At the end of the process we sit with you to review your compliance and assist in finding the best way forward for each property.
What can I expect after a Portfolio Health Check?
A temporary influx of invoices, service reports and rectification jobs - we have the capacity to hit the ground running, so if you press go on safety checks for lots of overdue properties, we will be completing the urgent checks within the first fortnight. Inevitably safety checks will sometimes expose areas that need rectification in a property - it’s what they’re designed to do. (Quick Tip - we can stagger the safety checks if you’d like to lessen the initial hit!)
A lighter workload - we align all the required safety checks for a property into one annual visit. This reduces overall cancellations (our cancellation rate is <1%), minimises disruption to renters, reduces the costs for Owners and lightens your load!
Peace of mind - we send you reminders when safety checks are coming up for expiry, so you’ll never miss a check.