DeMachin Property Asset Management
020 7607 1712
[email protected]
  • Home
  • About Us
  • Why Us
    • Track record
    • Testimonials
    • Case Studies
  • Portfolio Management
    • FAQ’s
  • Property Sourcing
  • News
  • Contact

Case Studies

IPAD (min-width: 480px) and (max-width: 767px) (min-width: 1px) and (max-width: 479px) (device-width: 768px) (min-width: 768px) and (max-width: 959px) (max-width: 767px)
You are here: Home » Case Studies

Maximising rental yield
February 2009 –
Our landlord let his property from one year to the next using the same local agent because it was straightforward and it worked.
His property was yielding £850pcm on average, year on year.
We took over the management and the lettings process in January 2009 and prepared the property to be marketed with several agents and lending some innovative tips to encourage success.
Marketing the property through one company is easier and more straightforward, it limits the property from achieving the maximum rental price the market will yield.
We secured a let for £1050pcm and reduced his current running costs by more than half, for the duration of the time we managed the property, until we helped him to sell his property four years later.

Taking away the pain from a portfolio

July 2011 – Our client has a successful career working for an International Bank in Italy. He had several properties, located in different parts of London, managed and let through a variety of agents.
He spent every Friday of his working week, organising and trying to understand how his properties were being managed and let, what maintenance was needed on which properties and when the properties were due to be re-let.
He transferred his portfolio to us, on a recommendation, which we still manage. For the next six months set up a process and a system where the landlord could follow the day-to-day running of his portfolio clearly and easily.
1. We put plans in place for short term and long term maintenance projections.
2. He no longer sees any further ‘administration or miscellaneous’ items appearing on his statement of accounts.
3. His fee structure is now clear and fair with no additional costs.
4. We organised the lettings process best price and the best tenants, in good time when his tenants gave notice, thus minimising void periods. He could also follow along, to understand the process and why.
5. Negotiated the best third party prices, focussing on value, rather than cheapest.
6. We know which trusted contractor to send.
7. If there is a dispute about a bill or any tenancy issue, we act on his behalf and he doesn’t need to get involved.
8. We organise the check in and check-out process, references and inspections of the property, so his interests were protected and he has all the information and solutions he needed in order to make calculated decisions quickly and easily.
9. His accountant receives and information pack, which provides all the information they require in order to complete his tax return.
10. Once a month he receives a statement of account, any original bills and updates on any matters of interest.

Warranty company dispute
2011 – The landlord wanted to cap his costs to guard against any leaks or boiler problems. A leak was detected in the property, which affected the water meter. The leak wasn’t obvious and the house and grounds needed to be investigated to evaluate why the water usage was higher than normal.
The warranty company was called to the property a total of 6 times and some missed appointments and still did not detect the leak. Finally we instructed a plumber to search and trace the leak and they found it within 30 minutes and fixed it within 24 hours.
On behalf of the landlord DeMachin gathered all the information to present to the warranty to claim compensation for damage, the extra water usage for a sizeable sum.
It took more than a year of perseverance but DeMachin finally got the company to agree, close to the compensation amount expected.

Evictions

2012 –While we are good at dealing with inherited evictions, we have only ever dealt with one eviction relating to a tenant we have found through our system. This tenant ran his own business and we advised the landlord, at the time, to take out rental insurance to guard against any unforeseeable change in circumstances.
After 18 months the tenant stopped paying rent. Five months later the tenant was evicted and the property re-marketed. The landlord didn’t pay any legal fees and was compensated for all the rent lost.
We always vet tenants to limit this possibility of rental loss as much as we can. Consequently our eviction rate is one of the lowest in London.

Testimonials

  • Portfolio Management
  • Property Sourcing

Latest Testimonials

  • “superb service”

    Michael

  • “Professional”

    Hamed Kazim

  • “Reassurance”

    Beth

  • “Efficient and wholly reliable”

    Christine

  • “Very helpful”

    Lucy

  • ‘Excellent’

    Mr Rae

  • “Responsible and who will go above and beyond”

    Maurizio Vitale

  • “Your only regret is you didn’t do it years ago”

    Hugo Craggs, Associate Partner, St James’s Place Wealth Management

  • “Thank you looking after us so well”

    Henry Garle

  • “I do feel confident”

    Vince Raison

Recent Blog Posts

  • Landlords can tap into higher rental yield by doing this

    September 4th, 2020

    There is a moderately untapped market of pet owners looking to rent properties. Forty percent of the households in the UK are pet owners, while only 7% of landlords advertise their property as pet friendly. Earlier this year, the government… Read more

  • Top Tips: 5 most common leaks in a property and what to do in an emergency? No.4 A Neighbour’s leaking property

    August 7th, 2020

    What to do if the adjoining property to you, leaks into your home? Most neighbouring leaks come from bathrooms, kitchens or sometimes boilers and pipes. The moment you spot the leak: Report it the occupier of suspected property. What type… Read more

  • A glimmer of hope for the rental market

    August 7th, 2020

    The rental market for June has shone a light of hope for property inside and outside London. The market is primarily being driven by those with secure finances, who are able to act on the desire for a home that… Read more

  • Lettings market up from last year

    July 31st, 2020

    According to Letting Agent Today, the latest snapshot of the lettings market from PropTech firm Goodlord suggests that activity is much stronger now than a year ago, with rents rising in most regions and typical void periods on the way… Read more

  • Top Tips: 5 most common leaks in a property and what to do in an emergency? No.3 Boilers

    July 30th, 2020

    Leaking Boiler This is the 3rd most common leak in a house. Surprisingly it is common to find a few leaks on a newly installed appliance. This does not always mean you have had a botched job, so don’t panic… Read more

  • Stamp Duty – How much will I pay?

    July 29th, 2020

    If you purchase a residential property between 8 July 2020 to 31 March 2021, you only start to pay Stamp Duty Land Tax (SDLT) on the amount that you pay for the property above £500,000. You can use the table to work… Read more

  • Top Tips: 5 most common leaks in a property and what to do in an emergency? No.2 Toilets

    July 15th, 2020

    To determine if you have a leaking toilet; remove the tank lid and the water should be an inch below the top of the overflow. Place a few drops of food colouring in the tank and wait 15 mins. If… Read more

  • Why we think Rent Guarantees are a landlord’s new best friend?

    July 15th, 2020

    The government recently announced that the suspension of court hearings for possession proceedings has been extended until 24th August, which means given the notice period having already been extended to 3 months, the backlogs at the courts because there has… Read more

  • Stamp duty holiday to boost housing market

    July 9th, 2020

    Property buyers can save up to £15,000 with a stamp duty holiday until next March. On Wednesday, Chancellor Rishi Sunak announced this temporary tax break on the first £500,000 of all property sales in England and Northern Ireland. While it… Read more

  • Top Tips: 5 most common leaks in a property and what to do in an emergency

    July 9th, 2020

    Chloe’s Top Tips: Each week I will focus on one of the most common leaks in the home, what to watch out for, how to fix it and what to do in an emergency. Radiators One of the most common… Read more

Contact Us

020 7607 1712


Please leave this field empty.

back up ↑
© Copyright 2021 DeMachin Ltd

Website Design London by The Web Marketeers