If you follow us on social media, you may have noticed that we are running an informative A-Z series focussing on the terms used in property factoring. We hope this will help you understand what we do and how we serve you.
Read part 1 of our A-Z of Property Factors series here.
We’re rounding up part 2 of the series with letters J-R below.
J is for James Gibb
In 1872, John Gibb launched the company to provide a home letting service, as well as joinery and funeral services, within Edinburgh. Originally based in West Nicholson Street, the company changed its name to James Gibb in 1892 and moved to the current location of our Edinburgh Office in Atholl Place in 1963. Read more about our story here.
K is for Keeping your properties maintained
As property factors, our role is to keep the communal areas of your development maintained. It’s important that as a landlord or homeowner you also take care of your own property itself to avoid issues.
L is for Lifts
Just one of the elements we maintain within certain developments, ensuring residents can safely and efficiently use their lift systems. For a full list of areas we maintain, find out more here.
M is for Managed Properties
We manage over 44k properties all over Scotland, making us the second largest factor firm in the country!
N is for Notice of Potential Liability (NOPL)
In some cases, a property factor may register a Notice of Potential Liability against a property where debt has built up. A NOPL means that when the property sells, the debt is automatically paid or transferred to the new owner.
O is for Online staff training
We are constantly looking for new, innovative ways to improve on the delivery standards both us as a company, and you as a customer, expect. To this end, we are pleased to have invested in new online in-house training for staff. Our e-learning management system is accessible to our team from any location, at any time. Find out more about it here.
P is for Property Management Association Scotland (PMAS)
PMAS is the leading trade association for factors in Scotland. Our Group Managing Director, David Reid, is the PMAS President and our Managing Director, Nic Mayall, is the PMAS Vice President,
Q is for Qualified Professionals
We pride ourselves in training our team to the highest standards, which is why many of our Development Managers are IRPM accredited professionals. Find out more about the importance of IRPM accreditation here.
R is for Repairs
In the developments that we serve, it is our responsibility to manage and maintain all the associated common elements and features. When repairs are required on a development, we use approved contractors to carry out the job efficiently and to a high standard. Find out more here.