HML launch block management Partners model

5th July 2021
HML launch block management Partners model

HML, a market leading block management specialist, has launched B-hive Block Management Partners. B-hive is a specialist division that offers solutions to existing property professionals, such as sales and letting agents, surveyors and existing property managers looking to run their own business in their locality.

B-hive Partners will trade under their own brand and will have access to our back-office solutions, inclusive of client finance service charge accounting, compliance, essential services, marketing, systems, software, a client portal and comprehensive training to enable them to perform the role of Block Manager compliantly and efficiently.

Alec Guthrie, CEO, comments; “We’ve been trialling a service that marries the big capable company with the small local operator, enabling our partners to focus on the local, tailored service, with us supplying the regulated activities compliantly. This now works really well, we have some great testimonials to support the proposition and we are now ready to offer this to the wider market. B-hive allows the local entrepreneur to thrive and to promote their own local brand whilst the corporate machinery takes care of the regulatory challenges.

HML have spent nearly 20 years consolidating a fragmented market but legal reform coupled with added regulatory compliance makes it difficult for small operators to tick all the boxes. B-hive brings to the market an exciting opportunity, bringing small together with big. It’s the perfect partnership for the future leasehold market.”

HML’s extensive experience is derived from operating within the estate and block management sector for 50+ years and currently manages circa 85,000+ units.

B-hive manage the complex legal and regulatory issues, leaving our partners to focus on the core of their business, which is looking after their customers and providing a quality service that is both profitable and growth-driven.

This model offers long-term recurring revenue streams and also allows our partners the opportunity to cross sell their existing services to a wider customer base.

Essentially, this is a mutually beneficial partnership, with our partners serving the client, whilst we provide our back-office solutions, with both parties sharing the profit.