London, United Kingdom (PressExposure) September 26, 2009 -- -Industry innovator helps landlords to ride out the recession-Â Â Â upad, http://www.upad.co.uk, the UKâs marketplace for property rental, has introduced the lowest priced property management proposition to the sector in a bid to help landlords through the recession.Â Â The offering, which equates to less than four percent of the annual rent, is the most competitively-priced priced property management service to have ever been introduced to the UK rental sector. Â Commenting on the service, James Davis, upad's CEO, explains: âWe have worked hard to bring this product to market. We were keen to demonstrate our commitment to the landlord community by providing the most competitively priced property management service. Â âWhen residential property investors buy rental properties, they are often hit by time-consuming administration tasks and unexpected charges. Everyone is being squeezed, and I believe it is time to move the sector on through developing trusting relationships between investors and suppliers. Every day, we help landlords to fill and manage their properties, both of which are crucial in this competitive market.â Â The companyâs new property management service includes the following: Â Â Â Â Â Â Â Â Â Property management (Â£60 per month + VAT) oÂ Â Â Arranging safety checks; oÂ Â Â Advising utility providers of tenancy start dates; oÂ Â Â Receiving and dealing with maintenance requests; oÂ Â Â Recording and payment of expenditure Â Â Â Â Â Â Â Â Â Rent collection (Â£20 per month + VAT) oÂ Â Â Setting up standing orders; oÂ Â Â Recording rental receipts; oÂ Â Â Chasing arrears; oÂ Â Â Paying landlords Â Â Â Â Â Â Â Â Â Property sign up (Â£175 + VAT) oÂ Â Â Tenant referencing; oÂ Â Â Preparing tenancy agreements; oÂ Â Â Registering deposits; oÂ Â Â Tenancy renewals and terminations
upad launched in October 2008, enabling landlords to advertise each property for a one-off cost of Â£59.Â The service then became available to the 1.5 million landlords across the UK in May 2009.
--------------------Â Â Â£60 per month equates to less than four percent of the average annual rent in London. Source, ARLA, Q1 2009
2 A flat fee applies regardless of a propertyâs size or location, and prices quoted do not include VAT