is a property manager and an Associate of the Royal Institute of Chartered Surveyors. She has been managing her own and other portfolios for twenty years. She is a director of three property companies: Bickenhall Mansions Management Ltd and Melika Ltd (residential management companies) and Platinum House Right to Manage Ltd.
Because we have done this for so long, we have built up a support group of very capable professionals, including tradesmen, accountants, cleaners and handymen. Even though we know them we check their work regularly, and for larger projects full tendering and project management is always undertaken.
Our block management experience : Residential Property Management
Both members of the team have first-hand experience of managing residential blocks.
Simon has managed buildings in West Kensington, London, for some 12 years. He became involved initially because of serious problems with existing managing agents, such as major building works running massively over schedule and cost, unpaid service charges threatening insolvency, disputes between leaseholders and the freeholder, and lack of proper maintenance. He has continued to act as managing agent “because I could see how poor management had damaged the value of my property, as well as threatening me with huge unexpected service charge demands,” he says. “Now every block is well financed and we are able to plan a maintenance programme, which keeps the building looking good and avoids nasty surprises with the service charge.”
Vedia also manages several properties in central and west London. For example, she has been a director of Melika Ltd, which manages a block of 18 flats, for 5 years. When she took over, the majority of the flats hadn’t paid the service charge for nearly five years due to the lack of work carried out at the premises and a lack of communication from the previous manager. For the past five years, Vedia has been a director along with two other leaseholders. The service charge is now in credit, the communal areas have been redecorated and they are now able to begin upgrading various parts of the building.
Vedia is also a director and deputy chairman of Bickenhall Mansions Management Ltd, which runs a large Edwardian building of 224 apartments, at the junction of Marylebone Road and Baker Street, where, for the past year, she has been helping the Chief Executive of the residential management company put in place processes and procedures to run the building more efficiently and effectively. They are just about to embark upon a communal area upgrade taking into consideration the heritage and important location of the block.
Block management experience : Right to Manage
Vedia has been working for some time now on the Right to Manage (RTM) process for another block of 171 flats. This is a very lengthy process but is well worth doing if you want to take charge of your own budget, or have a particularly bad freeholder. There are many legal pitfalls but, if carried out correctly, RTM can save thousands of pounds in costs and fees. Vedia is happy to advise on the suitability of a property for this process, guide you through it, and introduce you to the legal advisor you will need in order to conclude the process successfully.