Multi-unit or block management is when a whole block of multiple units or apartments is managed by a professional agency, as opposed to managing multiple real estate units in different locations.
Most London properties would have at least 10 units in one building to make it worthwhile to have permanent management at the property 24/7 to ensure smooth check-in and check-out for guests.
Yes, StayinLondon has been managing multi-unit buildings for clients in London and we have expert knowledge of this industry.
We are a small and personal London agency, based in central London, with experience and knowledge how to manage multi-unit buildings. Furthermore, we engage specialist software to make sure the apartments in the block receive maximum exposure on all the major channels, as well as specialist booking websites, dedicated for various types of guests, maximising client revenue.
Similarly to apartment rentals for short, medium or longer stays, central London has shown the highest demand for such properties. We’ve seen especially high demand in areas such as Covent Garden, the City of London, Bayswater, Victoria and Soho to mention a few.
StayinLondon takes care of listing and marketing the property on all the OTAs (online travel agencies) as well as specialist channels, providing search engine optimisation (SEO), managing all the reservations, guest communication, check-in and check-out process, housekeeping, addressing any maintenance issues of the building, reporting back to property owner with regards to revenue and costs. Choosing the right management company is key in order to run a successful and profitable rental apartment building business.
Most of our clients are freeholders, however if you're a leaseholder you should clarify with the freeholder what regulations are applied and whether they would agree for this type of business activity to take place.
It depends on a number of variables, for example initial investment, location etc. Please get in touch with us for a quote, revenue and cost estimates for your project.
We work with residential units and customers with real estate located in London's zones 1 and 2 and focus on these areas:
Clapham, Battersea, Pimlico, South Kensington, Chelsea, Fulham, Earl's court, Notting Hill, Covent Garden, Knightsbridge, Earl's court, Bayswater, East London, Covent Garden, Oval, Vauxhall, Westminster, Belgravia, Mayfair, King's Cross, Marylebone, Fitzrovia, Soho, Lambeth, Southwark.
From starting our activity in 2016 we have been trusted by guests to provide outstanding hospitality and by landlords to make sure they earn more. We list and advertise the properties on the biggest channels globally and take care of everything from checkin to checkout, including 24/7 guest support services, any maintenance requests, cleaning and linen change at the end of the tenancy making sure your property is welcoming for the next guests. We have also implemented robust procedures to comply with local requirements in the global pandemic.
Through mix of short, medium and longer-term bookings we strive to achieve at least 30% more than your current management company.