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Being a property agent isn’t an easy job. There are a multitude of tasks that you are responsible for. It is only natural for you to overlook a few things. Unfortunately, more often than not, it is trust accounting. Here are 5 common trust accounting mistakes that property agents often make.
In order to find good tenants, property managers must ensure that both the outdoor and the indoor areas of the rental unit are in perfect shape during Summer.
Don’t have enough space in your new property? As small spaces are a part of rental issues, why not learn, how to make the most of your rental space, you have in your property.
In 2018, there has been a lot of debate around technology disrupting the Australian real estate industry. Here are the top-most real estate tech trends that are taking 2018 by storm.
In this digital age, smart buildings are replacing the traditional buildings. Smart buildings are the ones which incorporate automated smart technologies like sensors. It is the digital extension of engineering and architectural services.
The technology used in the new age buildings is the result of better facility management that optimizes the performance of place, making it more productive and energy efficient.
Observe how facility management is transforming the construction process to develop smart buildings.
It’s no news that an essential thing for a property manager is to communicate with landlords and tenants effectively and to solve their issues promptly.
Rental property improvements need to strike a good ratio between cost and value. Here are some rental improvement projects that will yield a high return.
Repairs and maintenance to rental propertys are one of the most common issues that cause legal disputes between landlords and tenants. As the mediator, property managers need to know and educate both tenants and landlords on whose responsibility it is to fix repairs and maintenance issues.
Routine inspections are a big part of a property manager’s day to day job. Along with the millions of other tasks they’re expected to complete, it can be tempting sometimes to rush inspections and assume everything is fine. No doubt this can often lead to some serious problems down the line, especially if tenants are hiding/performing questionable or illegal substances or behaviour. You can never be too careful when it comes to routine inspections. At Inspection Manager we compiled a list below of red flags or warning signs as a property manager to look out for when completing a routine inspection.
Staying connected with your tenants and building a trusting relationship is key to having better tenants, maintaining well-kept rental properties and being updated with any issues/problems on a rental property right away. Kelly, a Property Manager from LJ Hooker says “The best way to maintain well-kept rental properties with minimal issues is to form more trusting and better relationships with your tenants. Staying connected with check-in messages or calls to tenants is one step closer to a more transparent relationship.”
Routine inspections allow you to identify and address any maintenance or repair issues. This gives landlords peace of mind, knowing their valued rental properties are being maintained and carefully managed. The details recorded at routine inspections are also used as evidence in disputes between landlords and tenants. Therefore, in order to serve their purpose, routine inspections should to be done thoroughly and competently. At the same time, routine inspections don’t have to be a difficult process.
Property managers, do you feel like your work is always following you wherever you go? Even when you’re not physically taking your work home with you, it’s always on your mind 24/7. Work-life balance is a common struggle for property managers and a lack of boundaries often leads to burnout.
Copying, filing, searching, retrieving, refiling, sending, mailing and faxing… on average a property manager spends 20% of their time on paperwork. If you’re tired of doing things the hard way, you’re not alone. Many property management agencies have converted to/created a paperless office and have never looked back since. While the change may seem intimidating at first, here are some compelling reasons why your agency should create a paperless office today.
Being a Property Manager is hard work – you’re always juggling a dozen different tasks on a hectic schedule. Sometimes it’s so easy to get caught up in day-to-day commitments that you forget to focus on the bigger picture -where your career or business is heading. Attending a conference is the perfect way to receive some much-needed inspiration and motivation. There’s no better way to stay informed and network with experts in the property management industry.
What helps improve your property management skills? According to industry experts, it’s about avoiding a few common pitfalls. If these are overlooked, they may escalate into major problems, and can cause serious damage to your performance and wellbeing.
Are you a property owner or interested in investing in real estate? Then it's important to understand the complexities that come with any market. Making a profit from property investment is more complicated than just fixing things when they break. When you are managing a property, especially as a first-time landlord, you might find yourself taking on a lot of different roles. The way in which you do your job can make or break your chances of being successful. A lot of entrepreneurs prefer to invest in rental properties, both long-term and short-term rentals. With companies like Airbnb becoming more popular, everyone is eager to transform homes and apartments into accommodation that can be rented short-term and for maximum profit.
Whether it’s a business trip or vacation, hotel guests expect everything to go as planned, and for hotel staff, the main objective is to ensure guests are comfortable. You might have the best facilities, location, great staff and exceptional service but in order to be successful in the hospitality industry, focus must be on one thing - customer satisfaction. When it comes to hotel guests, one wrong step from the service end can easily have hotel guests looking for alternative accomodation.
Green roofs have many benefits, and that is the reason why they have started trending in Australia. Some people believe that green roofs are too expensive and that is why they haven’t installed them. However, they can be affordable if you are adding to an extension or building. The cost guide below shows everything you need to know about green roofs.
Cloud-based property management software is considered one of the most popular and powerful tools for many real estate agencies. But while it is quite popular among many businesses, the software can still be quite overwhelming and mysterious to many, which fuels many myths about it.
It can be very challenging when it comes to choosing between a colorbond versus a tile roof. With the many varieties of cement tile roofs and metal roofs available, many residential builders and homeowners wonder which could be the best option? Both metal and tiled roofs have benefits, and it is up to you to compare the benefits and make a decision.
If you’re selling your house and are concerned buyers will be put off by a small master bedroom - don’t be. There’s no reason why a small bedroom can’t be as relaxing and luxurious as a much larger space. Plus, as housing affordability and environmental concerns become increasing issues for many potential homeowners, the Tiny House Movement is starting to take hold in Australia. Smaller houses are not only the best way to get a foot on the property ladder, they’re cheaper to run and can save homeowners money in the long run. What’s not to like about that? So take heart and try out some (or all) of our small master bedroom ideas - and remember, living with less doesn’t mean living without luxury!
A fresh start to 2020 means new goals and enhancements at Bricks + Agent. This month we are excited to announce improved insights for property managers, the introduction of ‘business rules’ to automate actions or filter jobs and a Smart Dashboard that let’s you control the information that actually requires your attention to proceed with jobs.
Australians love everything Balinese, and you shouldn’t be surprised to learn that this beautiful island is a very popular travel destination. Aussies go to Bali for many different reasons and when they come back they wish to bring it home with them. In Bali, all the resorts and guesthouses, even the cheaper ones, have verdant and luxurious tropical gardens where you can enjoy moments of peace and tranquillity.
As fellow Australians, we can say we are not particularly fond of common pests like cockroaches, termites, spiders, and wasps, but when it comes to new Australian pests we are terrified.
If you’re selling your house and are concerned buyers will be put off by a small master bedroom - don’t be. There’s no reason why a small bedroom can’t be as relaxing and luxurious as a much larger space. Plus, as housing affordability and environmental concerns become increasing issues for many potential homeowners, the Tiny House Movement is starting to take hold in Australia. Smaller houses are not only the best way to get a foot on the property ladder, they’re cheaper to run and can save homeowners money in the long run. What’s not to like about that? So take heart and try out some (or all) of our small master bedroom ideas - and remember, living with less doesn’t mean living without luxury!
A fresh start to 2020 means new goals and enhancements at Bricks + Agent. This month we are excited to announce improved insights for property managers, the introduction of ‘business rules’ to automate actions or filter jobs and a Smart Dashboard that let’s you control the information that actually requires your attention to proceed with jobs.
You probably know that property managers and property management companies exist, but do you know exactly what they do? The property managers are third parties who are hired to handle a wide range of daily operations related to real estate investments.
When listing your property for rent, think of the type of audience you want living in it first! While you will feel like considering a lot of people before choosing a selected audience and demographic, it will help to keep the types of people who are not suited to your property at arms length. Once you have your target audience, its time to consider what types of things they need and want from a rental property, and how you can provide it to them. But who are your ideal renters? The experts at Bricks+Agent have put together some steps to help you target your audience.
Deciding when is the best time to sell your house requires not only research of market conditions but also,other factors such as lifestyle implications and more
If you're a property manager then its likely you're managing more than one property for your clients. Both the tenant and the owner are extremely important and communication is a key factor for success. Here are tips that can help property managers communicate better with the tenant and the owner.
Finding a great landlord is not an easy task as you need to consider plenty of things while looking for a new landlord. The experts at Bricks+Agent have put together their top 5 tips for a landlord search that’ll help you discover honest and nice landlords that you can depend on.
Are you prepared for unexpected bills? Can you make your mortgage payments for the foreseeable future? Maybe it’s time to look at how to protect your finances.
Buying a new home can be an exciting idea. Before starting your search for homes on the market, you must consider and keep the following factors in mind.