The Pitfalls of Managing Properties to Corporate Clients

When asked recently by the Telegraph for comment on the pitfalls of corporate clients, Andy our  Director at Midas Lettings said:

“In my 15 years of experience corporate clients generally are difficult to deal with.  We find that they put any employee in and the properties get treated like hotels.  A professional couple or family are far more secure tenants and look after the properties better.

The worst client I ever had was corporate. The Director of the Company took on a property, trashed the place leaving an £8000 cleaning and replacement furniture bill. The Company then threw the weight of its legal department behind it and it was months before the landlord got any money back.

I do get landlords saying they want corporate clients as they are under the impression that they are perfect.  The problem is that a company will have a property for a year and put 30 different people in so wear and tear is high.”

The question to ask yourself is: when you stay in a hotel when do you ever worry about the condition you leave it in? If you regard it as your home even for 6-12 months you will invariably treat it with respect!

For a full breakdown of how we manage our properties have a look at our What We Do page on our website