Are you a UK property business owner or manager struggling with late rental receipts, service charge and other debts from tenants. We handle everything, from collections to gentle reminders to legal actions.
Credit control in the property sector means the management of credit and finances related to property transactions, rentals, and investments. It involves implementing strategies to optimise cash flow, mitigate credit risks, and ensure timely payments from tenants, buyers, and other stakeholders in the property industry.
Proper credit control ensures prompt and timely collection of rent, service charge and debts from tenant in accordance with the terms of their lease, and in line with the agreed Key Performance Indicators.
Credit control involves producing and distributing accurate and timely arrears reports in accordance with client and internal requirements. Preparing rent collection summaries and monthly arrears report is crucial in Property sector.
Credit control ensures communicating proactively with tenants via telephone and email and chasing payment of outstanding debts until a settlement is received. It involves liaising with surveying and client accounting colleagues to resolve disputes in timely manner.
Credit control aims at Continuously monitoring tenants’ or buyers’ credit status throughout the tenancy or purchase period to identify any potential risks. Outlining payment terms, late payment penalties, and credit limits ensure consistency and minimise payment delays.
Choose us for your Credit Control because we offer meticulous attention to detail, proactive monitoring, and tailored strategies to manage your credit effectively, ensuring improved cash flow, reduced bad debt, and strengthened relationships with your customers.
We have extensive experience and specialised knowledge in credit control within the property sector. Our team understands the unique financial challenges and dynamics of the real estate industry, allowing us to provide tailored solutions that align with your business goals.
We implement strategies to optimise your property business’s cash flow. By ensuring timely rental and payment collections, we help you maintain steady revenue streams and improve financial stability. We identify potential credit issues early, allowing you to make informed decisions and mitigate the risk of late payments and defaults.
In the event of overdue accounts or rental arrears, we handle the debt recovery process with professionalism and efficiency. Our approach maintains positive relationships with tenants and buyers while ensuring the collection of outstanding payments.
We stay up to date with industry regulations and legal requirements related to credit control in the property sector. You can rely on us to handle credit control activities while ensuring full compliance with relevant laws.
Leveraging the latest tools and software, we streamline credit control processes to enhance accuracy and efficiency. Our technology-driven approach ensures that your financial data is secure and accessible when you need it.
We understand that each property business is unique, and we tailor our credit control solutions to meet your specific needs. Our services are designed to adapt to the scale and complexity of your property ventures.
Our work is centered around innovation, efficiency, collaboration, and delivering exceptional results to our clients.
As property professionals, we naturally wanted to find a firm with strong sector experience and chose UKPA as an integral member of our power team. Working with Yuki and Bipin is an absolute delight, as is the high level of customer service that they provide to us as clients of the firm. I would highly recommend all property professionals to engage UKPA as their accountants.
UKPA have given exceptional support in recent months, by far the easiest to work with and with a great volume of understanding about the situations they were presented with. They also assisted clearly and with full commitment in an urgent situation, flawlessly meeting the need. I have no hesitation in my decision in using UKPA for all future accounting matters for business.
UK Property Accountants came to the rescue when I discovered that I need to register my property quickly, as an overseas entity. They were very professional from start to finish and highly recommend them.
I would like to say a big thank you to Christina who works at UK property accountants. Christina has been personally handling my accounts for the last year and she has made the whole process smooth. Christina has made complex situations very simple and when any issues arise she has always managed to a provide fast solution. Her communication is 10/10 and is far superior to any other accountant that I have previously worked with. Thank you Christina!
I have used UK Property accountants services. I am very grateful and happy with their service. The entire time are very knowledgeable and straight to the point. All my doubts were explained in a way I could understand, all my emails were promptly answered. PETER, RAJ and SIMRAN, thank you so much for your professionalism and efficiency. I had a very pleasant and positive experience. Highly recommended!
Meet our esteemed Team Leads, driving financial prowess in property accounting with strategic acumen and leadership.