Reserves & Future Planning

In this section, we’ll explore key elements of long-term financial planning and why it’s crucial for the successful management of leasehold properties. It’s very easy to get stuck in a cycle of only focussing on the year ahead when creating a budget. But that will lead to poor building maintenance quite quickly. A good property manager will ensure they safeguard the buildings future by planning properly for what is required and what may happen in the future.