Is Your Block Management Still Fit for Purpose?
Is your block management arrangement meeting the demands of today’s regulatory environment and resident expectations? With changes brought by the Building Safety Act, rising importance of service charge reconciliation, and the need for clear resident communication through platforms like the Blockman portal and MyBlockman, now is the moment to conduct a thorough block management review. Whether you oversee mixed use estates, high rise developments, or concierge management, assessing compliance with FRA actions, EWS, lift and Section 20 requirements can help secure transparent accounting and efficient arrears recovery for your property. It's crucial to ensure your management is ready for 2026 rules.
What “fit for purpose” looks like in 2026
Evaluating your block management in 2026 involves several key areas. Ensure clear financial control, compliance with the latest safety standards, and proactive resident engagement. These elements form the backbone of a management service that stands up to current demands.
Begin by setting benchmarks for these elements to evaluate your current arrangement effectively.
Performance indicators to review quarterly
Regular performance reviews help maintain effective property management. Check for:
Timely budget reports
Proactive maintenance schedules
Responsive resident communication
Compliance with safety regulations
These indicators help you ensure that your property management continues to meet expectations. Consistent reviews keep you ahead of potential issues.
Financial transparency and control checks
Ensure your management firm offers transparent accounting and robust financial controls. Look for:
Ring-fenced accounts for service charges
Clear financial reporting
Open resident portals for transparency
This focus on financial clarity reduces misunderstandings and builds trust with residents.
Consider a management audit to uncover any hidden inefficiencies or gaps.
Act now to ensure your property management is future-ready. Evaluate your current service to stay ahead of new regulations and expectations.
P.S. Conducting a review today could save you from challenges tomorrow.
Contact the Temphis team to explore how we can support your and your needs