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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.
Did you know that your bathroom holds many germs? Cleaning it isn't a fun task and you might end up making many blunders during the whole activity. While it's important to keep a bathroom clean, many people assume this and end up getting infections and other related diseases. You can maintain your bathroom and enjoy your shower by avoiding the following mistakes.
Trying to find a renter to fill a property is hard enough. As a property manager there are many elements that need to come together in order to be able to find the right type of tenants to a property. To sell a product to it's prospective renter, it's essential to write an engaging property listing to ensure success in engaging the right people and satisfying your clients requirements. Writing a property listing seems pretty straight forward right? The Bricks+Agent guide to writing a property listing will help you market any property to the right audience.
Investing in properties is one of the best investments you can make in life. But like any other investment, it is essential to do your research before investing your hard earned money. It is a common misconception that property investment always offers you good returns. You need to consider many factors while investing in a real estate. Here are 5 tips to reduce stress while buying your first investment property.
Too often, potential home buyers make the decision of choosing a rental property from it's curb appeal. Yet, outdoor areas and landscaping is always underdone or overlooked. Impressive and attractive landscapes can add more value to your home. The best time to start cleaning your outdoor areas is a month before you plan to list your home for rent. Doing this will give you enough time to get everything looking perfect and will also remove the impression that you have made last minute changes.
While you're busy working on your craft, you still need to have consistent work and the ability to run your business successfully. Sure, you might have your own systems in place, but there's an easier and more effective solution to help you manage your teams, customers and jobs so you can start seeing results and growth in your business. Here's 4 reasons why the Bricks + Agent onboarding experience for service providers is the best in driving success.
Mandatory maintenance is something that defines the property management industry today. However, things like whether the property’s portfolio is well-maintained or not is something that is questionable. The reason why most real estate agencies are planning to, or already have streamlined their maintenance processes, is ultimately to imrprove their clients' overall satisfaction with their business. Although maintenance is quite beneficial and important for rental properties, it can keep your staff bogged down and start to affect your business, if managed ineffectively. How will you deal with property maintenance tasks? Thanks to the simplified property maintenance system developed by our team at Bricks+Agent, maintenance and repairs at rental properties are a breeze to complete. Here’s how it will help:
Majority of the time its small but consistant issues that reoccur in real estate agencies daily. Whether it’s the lack of maintenance on properties, high turnover of the staff, or simple lack of communication, there's a way to help ensure your clients don't pack up and move on.
It’s often said that the bathroom can make or break a sale. So if you can make your buyers fall in love with this room, there’s a good chance they may be sold on the entire property. But why are bathrooms so important? Apart from the obvious washing facilities they hold, a bathroom is a much utilised room by friends, relatives and other visitors. The state of your bathroom says a lot about you, so it goes without saying that people want a stylish one that’s going to impress. Taking into consideration that a smart bathroom renovation can add considerable value to your home, it’s worth thinking about giving yours the wow factor.
Heating and air conditioning are two of the most important features for your home - making sure that your family is suitably warm in Winter and comfortably cool in Summer. We come to rely so much on air conditioning that it can be a real pain when it breaks down, and it’s Murphy’s Law that it will happen on the hottest day of the year. So knowing exactly who to call, and how much you’ll pay, can save you a lot of stress. If you have a reliable local air con repair service, you can have the system up and running before everyone melts into a puddle. Even if your air conditioner is working fine, it’s a good idea to start making enquiries now so you’re not faced with astronomical charges if the unthinkable happens. As you’ll see, not doing your research about air conditioning repairs can leave you seriously out of pocket.
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.
As a professional property manager, one of your main roles includes proper tenant screening. To maintain the proper standards and laws, here is how you can go about the screening process.
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.
Considering all the time and money you pour into your property, choosing a rental property manager is crucial. Have you asked candidates these questions?
Choosing good tenants is not an exact science, and oftentimes, tenancy applications are refused for a variety of reasons like bad credit or bad references.
Before choosing between managing your own property or hiring a professional property manager, landlords should decide whether saving money is worth the effort.
Nowadays, if property managers want to be ahead of the game in real estate management business, they must focus on offering instance services on mobile devices.
Each property management agency may charge different property management fees. A complete guide on everything you need to know about property management fees.
