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.
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:
Ideas and trends that are shaping your business are likely to be disrupted by new and advancing trends in technology and old strategies may not work as well anymore. If you want to stop your business from becoming another statistic, try using these hacks for future-proofing your business.
Making the decision to sell your investment property needs a lot of consideration.Sometimes the costs of selling can far outweigh paying a property manager
There’s 250,000 service providers with a registered trade business, but the rate of service providers adopting smart technology to run their business continues to lag.
Smart and cloud-based property maintenance software like Bricks+Agent can help property managers streamline their business tasks and improve relationships with less hassle.
If you are selling or buying property you should consider hiring a conveyancer or a settlement agent to help you with the legal aspects of the transaction.
The playground of property management has shifted drastically in favour of having online businesses. Capitalising on potential of the internet and having a strong web presence is about more than tweaking your website. How can you improve your online presence? Here are our top tips:
Signing a lease is one of the most critical parts of renting a home. There are many things that tenants need to consider before signing a contract for any property. If you are looking to find a property to rent, the following tips will serve as your best guide before signing a lease.
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.
Property investors play a critical role in your business and its important to maintain strong relationships with them.
Here are 6 things that you can do to keep your investors happy.
