18 December 2020 | Property management | Back to Blog

On the ground: Guardianship that meets your needs

From our Director of Services, Mark Ackroyd

In the first of our ‘On the ground’ series, we explore some of the details of how our service works. In future articles, we’ll look in more detail at how we set up, operate and demobilise our service in different settings. In this article, we describe how Dot Dot Dot creates the right division of property management responsibilities for each client.

How to prepare a property for safe occupation can often seem like the most important question. It’s a critical step (both practically and financially), and we will be exploring the setup phase in future articles. But it is important to think more widely about how property management will function across the lifetime of a guardian contract; in many projects, this is the critical factor that helps guardianship deliver the maximum benefit to property owners. From my experience, this is one of the most pressing questions for clients who have to juggle existing property management budgets and pressures.

 

Matching contract responsibilities to client needs

At Dot Dot Dot, we think it is critical to understand not just the properties, but also the needs and operating environments of our clients. The following examples of issues or pressures are likely to be familiar to all property owners, but we find that each client has a unique set of priorities:

  • Mitigating fixed costs (e.g. council tax, utilities, maintenance contracts)
  • Protection against unauthorised occupants or vandalism
  • Removing day-to-day property management demands (e.g. access, security, repairs)
  • Handling core FM functions such as managing a planned maintenance programme
  • Buffering against occasional costs (e.g. roof repairs, flytipping)
  • Controlling long-term dilapidation and disrepair 
  • Reputational or political pressure around property use

Our goal with any client is to offer contract options that are a good match for their specific needs. We can customise and adjust this very finely, but below are some examples of common approaches.

 

Example 1: Like a lease, but not a lease

Under this model, clients hand over properties at a basic standard, and Dot Dot Dot takes on all of the in-life compliance, repair and management responsibilities. This includes the costs, repairs and maintenance that would normally fall to a leaseholder. Property owners or asset managers retain responsibility for block level maintenance (though we can often assist).

This structure has similarities with a leaseholder arrangement, but there is no lease required. Clients can end our service contract with 30 days’ notice. This model works well in many residential settings, and is particularly useful during ongoing decants with an uncertain pipeline of void properties.

 

Example 2: Shared management 

In larger buildings (commercial or residential), many clients wish to retain their own PPM and compliance regimes. One solution is to share the ongoing management with Dot Dot Dot. We can take on the on-site operations and daily FM responsibilities at the property, including responsive repairs. In major assets, this might include establishing suites of operating procedures and monitoring regimes.

By working with existing safety systems and regimes, we can simplify the cost structure and workload of our client. This leaves them free to focus on predictable upkeep, and on securing the next phase of the building’s life. This is a collaborative approach for hands-on clients. It can be a great solution for complex assets where owners or asset managers want to solve security or FM problems, but need close control of financial and operational risks. 

 

Example 3: Turnkey property management

One of the simplest contract options is for Dot Dot Dot to take on the full breadth of property management. We’ll develop a full management and occupation plan, allowing us to take care of all compliance, maintenance and management in line with the client’s needs.

Clients may choose to take an arm’s length approach and to rely on our reporting and reviews to keep in touch with their property. Others might remain closely involved in monitoring and decision-making. Armed with a detailed understanding of our client’s needs and of the property, Dot Dot Dot can often help clients to navigate uncertain development or sales timelines by assisting with medium-term asset management decisions or projects such as minor works.

This is a good option for clients with multiple competing priorities. It allows owners and asset managers to put assets ‘on hold’, while being reassured properties are secure, managed and maintained until needed.

 

Picking the right approach

Owners and asset managers with experience of guardianship may have a clear view of the service they require, but they do not need to decide in advance which approach will best support them. 

By sharing their priorities and needs, clients enable Dot Dot Dot to identify the right structure. Although guardianship is always at the heart of our service, we recognise that a “one size fits all” approach will limit the value we can offer. Instead, we believe in matching our service to the circumstances and needs of each client.

 

Next in ‘On the ground’ – How we mobilise in large and complex properties.