Property management firm expands portofolio with latest acquisition
A Liverpool residential property firm has made its fifth acquisition in seven years, making it the largest independent property management business in the Liverpool City Region and Cheshire, it says.
Homesure Property was founded in 2007 and has since grown from a team of two to a business employing more than 40 staff.
Its latest acquisition, for an undisclosed sum, is Liverpool firm Beech Properties, which adds 200 landlords to Homesure’s client base and creates vacancies for property managers at all career levels.
Beech Properties provided hundreds of new Liverpool homes in its tenure, and has attracted Irish investment into the city since 2004.
However, founder, Gordon Cuthbert, has decided to return to Ireland and contacted Homesure Property earlier this year.
Since then, all Beech landlords have transitioned onto Homesure’s cutting-edge property management system.
Homesure Property CEO, Nick Stott, said: “We respect Gordon and the hard work he’s put in, attracting foreign investment into Liverpool and providing quality homes. Our values align, so we’re pleased to be able to provide a continuity of service to Beech landlords.
“We’ve transitioned all landlords formerly managed by Beech onto our future-proof property management system.
“It’s more challenging to manage property now than ever before. With increased legislation, coupled with things like selective licensing for landlords, there are a lot of plates to keep spinning. We’ve created a business model that meets those challenges in a way that smaller firms and self-managing landlords inevitably struggle to do. By selling to Homesure, Gordon can be safe in the knowledge that his clients will be supported for the long term.”
Homesure Property has run a paperless office from day one and has been an early adopter of new technology. As a result, the company said it operates with a uniquely efficient business model that has enabled it to scale up.
Nick added: “We use tried and tested systems, processes – and now AI – to help us provide a better, faster service. With less paperwork, the team is free to focus on the areas of property management that technology can’t perform – building long-lasting and trusted relationships with our landlords.
“We’ve proved that our organisational structure is capable of scaling growth without letting customer service slip. In fact, as the company grows, our customer service is continually improving.”
Nick, along with co-directors Mark Loughnane and Steven Kenny, plan to grow the company further in the coming years, to provide increased career progression opportunities for their growing team.
