The Future of Factoring
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INTRODUCTION
Paul McDermott
Director
SOME WORDS FROM OUR FOUNDER
I started Park PM because I felt that the factors managing several buildings, I owned were charging too much money and not looking after my properties very well. Several properties had deteriorated significantly, and major repairs were required. I had been hit by some large repair bills and wondered why the maintenance had not pre-empted this. If my properties were being well maintained, then expensive repairs should be insured. I decided to start managing my own properties. I was amazed at how much I saved in service charge over time whilst also investing in improvements.
It’s very simple, you pay me to spend your money and I do as best I can for a fair fee. I work harder for you than my competitors. I am not afraid to admit to mistakes and I am always striving to improve.
Check out the rest of the website to see what we deliver. Can you say the same of your current factor?
Park Property Management was founded in 2007 initially to manage multiple occupancy properties owned by the Founder.
From the beginning the mission was to improve the properties managed to state of good repair along with better service and quality whilst reducing charges in the medium term. After some initial investment, the properties were brought up to standard and are now maintained to that level, year after year.
LATEST NEWS
Park PM are delighted to announce the acquisition of RW Property Management.
Sarah Riggs brings invaluable experience to the Park PM team whilst our specialised departments will enhance Sarah’s clients’ service delivery.
This is an exciting deal for both businesses which will see them prosper under the Park PM Commercial banner. We look forward to a long and fruitful partnership with Sarah.
WHAT OUR CUSTOMERS SAY
ABOUT US
OUR PHILOSOPHY
Park PM charge a fair fee for a fair job. Our charges are completely transparent and accountable. Annual reconciliations are audited for accuracy and reports are detailed.
OUR EXPERIENCE
Twenty five years in property development has given us great experience with contractors and property repairs. We constantly review our contractors through price checking and quality control.
Our team are always available to our customers whether it be for an informal chat or a formal, meeting.
COST EFFECTIVE - 'VALUE FOR MONEY' OUR PRIOITY
A value for money philosophy which is based upon achieving the best long term value for our clients.
In each and every property we have adopted, we have significantly reduced the costs of supplying the management services.
Areas where we have been particularly successful in reducing costs include insurance, electricity charges, lift maintenance and general repair contracts. Reductions of between 10% and 25% are the norm over a couple of years.
Park PM carry out a review of all new properties and generally have several ideas on how to reduce costs and improve facilities. We regularly install new low energy lighting systems with movement sensors in communal areas which result in up to 75% reduction in electricity charges. Costs of installation vary but the payback is normally between two and five years.
Many existing suppliers are retained, but we price check every contract before the start of the new service charge year. We often change non competitive contractors whilst maintaining a similar or improved service.
Park PM have reduced costs in all areas of the service charge budget of all the properties they have adopted through competitive pricing.
OUR PROMISE
We strive to provide the best value contractors in all areas of the contract.
We do not always use the cheapest, but we always ensure BEST VALUE across all contracts.
Often it pays to seek quality over price with long term financial gains outweighing short term savings.
We always consult with residents over the benefits of capital investment.
REGULAR PROPERTY INSPECTIONS
Personal visits to all our adopted properties happen on a regular basis. Our target of visiting each property at least four times per year is always comfortably surpassed, and this enables us to effectively monitor each property and to be proactive rather than reactive to property issues. We also have close personal relationships with our suppliers who regularly update us with any issues within a property.
All our staff know each and every property personally allowing them to engage with all enquiries supported by this intimate knowledge.
We regularly announce building inspections in advance and invite residents to attend to discuss issues.
