By hiring a professional property manager, you can add great value to your rental property investments, which is why so many experienced real estate investors agree that working with a good management company is the best thing. Here are some of the most important benefits that landlords who work with property management companies have:
Risk management is one of the primary concerns that often overwhelm property managers. With legal and administration risks being the most common ones, there are many other risks that almost every organization has to encounter. In the most common risk scenarios, there are three possible strategies that you can follow: Risk Avoidance—You cannot choose risk avoidance if your actions seem too risky. For instance, in situations where a property manager is not purchasing property just to avoid the risks that come with them. Risk Control—Risk control is all about controlling or minimizing the risk by conducting regular inspections just to prevent the development of physical damages. Risk Transfers—It's all about shifting a person's responsibility to another, like your responsibility to the tenant or insurance company. In addition, paper lease, missed calls, property maintenance issues, and other screening issues are all responsible for creating risk. Here are a few risks that are associated with property management:
Every homeowner wants to have a year round blooming garden, which is not a difficult task in Australia. Our guide will help you have an all-season garden that is vibrant, lively, and bursting with colour. By doing a little bit of research, you will learn that there are so many different plants, shrubs, and flowers perfect for each season. The key to having a beautiful garden regardless of the season is knowing exactly what and when to plant. By being informed, you ensure that your garden will be blossoming throughout every season. We know that you are eager to roll up your sleeves and start working on your garden, but first, read our guide for expert tips on how to handle each season. If you are looking to sell or rent your property, you should know that a beautiful garden will boost your house’s curb appeal.
According to a study conducted by Hubspot, more than 90% of businesses confirmed that using real estate technology and social media marketing was essential for their business. Around 80% of them claimed that their efforts considerably increased traffic to their websites.
Do you know what your home is really worth? If you’re thinking of selling then it’s a good idea to book a property appraisal with a local real estate agent
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
Understanding these property management trends will help you stay competitive and protect your revenue stream. As a property manager you should always be willing to look at the possible changes and new technologies available.
Technology is transforming every industry, and facility management is not an exception. These days’ organizations have realized the importance of investing in the latest tech to establish more efficient ways of collaborating, making work more flexible and improving the overall organizational configurations.
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.
This release sees new updates that will help you with even Faster Report Editing via the CMS, with the new Area Level Thumbs Up for marking conditions and an improved reporting functionality to Load Reports Faster. Let us know what you think of these new features!
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.
Do you have multiple properties that need renting? You might need the help of a property manager, but before diving straight into an agreement with one there are multiple factors you should consider.
The kitchen is probably the most used room of the home. Unfortunately, kitchens tend to have the most problems, and they could end up being a disaster.
Personal data is any information related to an identifiable and identified individual. From the person’s name to contact, to date and time, to the energy level, a personal data everything. If you are a property manager, here are the seven key points to keep in mind when preparing for GDPR.
First impression counts a lot! To make your clients fall in love with your property and give the highest possible value for the same, pay attention to its curb appeal. Here's some low-cost ideas to improve the curb appeal of your rental property and earn a great return on investment (ROI).
Rental property trends change with time, and property managers need to be aware of both current and future trends. With the new year just around the corner, new trends in the rental market are likely to appear in 2019.
Plumbing crises can happen anytime to anyone. Whether it’s the clogged pipes, leaky faucets or problem with the water-tanks capacity, the professional is needed as soon as possible. After all, only a professional knows how to handle delicate components like piping, water heaters, faucets, drains and other things. If you are looking to hire a professional plumber, consider these factors before having them:
There are certain things that you need to ensure get done before your tenants consider you an awesome landlord. The Bricks+Agent property manager guide 2018 will teach you some of the essential things you need to take care when it comes to tenants.
In today’s day and age, people trust online reviews. This is why it is imperative to ensure that your online reviews are helping you fetch more clients. So, how do you tackle negative reviews once they are on your page?
It’s fast-paced being a property manager and you spend a lot of time in your car. Sometimes you might spend longer periods in your car than in the office or at home. With so much time being spent in your car, here's some helpful tips to keep you going full-speed in your second office.
As a property manager, one of your most important responsibilities is to keep your properties well-maintained. Whether it’s fixing a leaky tap, replacing a broken appliance, or addressing a more significant issue, maintenance requests are an integral part of your job. However, with everything else going on in your day, managing these requests can quickly become overwhelming, leading to delays, miscommunications, and dissatisfied tenants. In this blog, we’ll explore how you can streamline your maintenance requests and issues to make your job easier and keep your tenants happy.
Most people have no idea on how to clean windows streak free. This is a daunting task because getting rid of those random lines is difficult. However, it is still possible to achieve clear windows with a perfect outside view if you master a few tricks. Below are the items you need and how you should clean them.
The steam cleaning carpet cost is determined by the size of the carpet. However, the average price is approximately $35/hr. If your carpet has stains that are hard to remove, you might be charged as high as $40/hr by your carpet cleaner. Some experts charge $85 for a regular carpet cleaning job which involves sterilisation and deodorisation to get rid of all stains and spots. A carpet cleaners cost per job is approximately $126 for their services. However, prices may vary. Below are a few reasons why carpet steam cleaning rates may vary.
The appearance of your roof speaks much about your home. An attractive roof gives an impression of beautiful rooms inside that house. Roofs tiles can make a house look elegant and decent. However, most people believe that roof tile prices are not pocket-friendly. That is not true. Get more information below about this.
A worn out roof destroys the aesthetic appearance of your home, making it look old and boring. Algae and mold may also build up on the roof. In such cases, you may feel that you have no option but to replace it. However, you could replace it and get back the attractive look of your house. But what could be the roof restoration cost? Find out below how you can compare the quotes. Roof installation involves every activity that restores the attractive appearance of your roof and makes it water-proof.
A leaking roof exposes your home to various health risks other than tarnishing the attractive appearance of your house,and undergoing future replacement and repairs might be a bit costly. Renovating your roof is something that you might consider doing if it is damaged. It is also crucial to know the roof replacement costs and preparing in advance. From this article, you will be able to find out the available roofing materials on the market, who can install them and how much it would cost you.
In Australia, the average costs of a qualified roof painter’s services are around $40/hr. The costs of materials and paint are not included in this sum. Depending on different aspects of the project, a roof painting professional can charge anywhere between $30/hr and $55/hr. While any roof painter will be able to offer you an estimate quote, the actual costs of your project will be determined after the specialist makes a thorough inspection. After the inspection, the painter will take different aspects into account in order to offer you an accurate price.
Do you have safe swimming pool fencing? With summer on the way it’s every pool owner’s responsibility to make sure your pool is safe for children, whether your own, a visitors or a neighbours. Young children like to go exploring and you never know when one will end up in your backyard, and in the worst case scenario, your pool. If you’re unclear about the rules around pool fencing and think you need to get yours checked, keep reading for more information.
There are many advantages to adding a ceiling fan into the interior design of your home besides their main function of cooling off a room. Having this type of fans in your home can reduce your energy costs, can provide comfort, and can be a stylish lighting source. Standard ceiling fans are usually quite cheap but must be installed by a licenced electrician who will respect the Australian standards and procedures. For a standard fan installation, professional electricians will charge on average about $77 per hour. If the job is straightforward and simple, they might charge less. On the other hand, if the installation is complicated, the electrician’s rate can be as high as $80 per hour. Overall, for a complete fan installation, a homeowner should expect to pay between $200 and $400. If the homeowner installs several fans, the cost per fan installation might be reduced. Although installing a ceiling fan is usually a straightforward job, there can be certain tasks and aspects that can influence the costs and the rates of the electricians. These are some of the most common things that can influence the ceiling fan costs:
By using a property management platform, you can also improve your team’s performance, have an organised database, and keep your clients and tenants happy.
From managing vital documents to communicating with owners and tenants, a property manager is responsible for a multitude of everyday tasks that are key to the success of a real estate agency. Bricks + Agent may very well handle all the issues. Here are the three risks you may face if you are not already using a cloud-based system.
Lease management software handles multiple property management aspects like buying, leasing, renting and selling of properties and are jam packed with features to improve efficiency on the job. The team at Bricks + Agent have put together some of the most important features that help to streamline the leasing process.
Managing tasks have just gotten a lot easier for tradespeople. By using Bricks+Agent, leading property maintenance software, tradespeople in all fields can manage and grow their business significantly.
Due to the ever-changing nature of the market,it's very important for Airbnb/Vacation Rental owners and managers to maximize their units’ earning potential.
Responsible borrowing and financial management can be the best way of paying off renovation debt. This guide will explain how to finance your home renovations and pay off the renovation debt.
For tenants, property managers who promise one thing and deliver nothing is unacceptable. As rental prices increase, so too do tenants' expectations on what exceptional customer service looks like. If you want to avoid these start using some of the tips above, and keep your tenants happy.
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