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Rental Market Analysis (RMA) is a must for property managers. Gain insights into the market and prepare for current as well as future opportunities and challenges. Without these valuable insights, life as a property manager will be an uphill battle.
Whether you are looking to sell, to lease, to host an event, or just to improve your quality of life, we help you remodel your house for less than $2,000.
Competition is fierce in real estate & you need to choose marketing strategies that expose you to many potential clients. Follow our 7 effective strategies
We've listed good real estate agent qualities to help you succeed! In Australia's soaring property market real estate agents have to be on top of their game.
Before choosing between managing your own property or hiring a professional property manager, landlords should decide whether saving money is worth the effort.
Jun 7, 2017 - Effective communication in real estate is a must. We've mapped out the essential soft skills and qualities of a good real estate agent, to help
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.
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.
After construction workers are done with the last touch-ups and before the owners arrive, every construction or renovation site requires a building clean-up, or builders’ clean. During a builders’ clean, a professional cleaner or cleaning crew ensure that the building is in top shape and that all the debris has been removed. Clean-up workers that are specialised in construction sites can offer work in commercial, industrial, and residential settings. Some cleaners will also provide clean-up services during the renovation or construction process. In Australia, a building clean-up specialist has an average hourly rate of $35.50. The construction clean-up rates may go up to as much as $41 per hour depending on different aspects like the size of the building, the surface that needs to be cleaned, the complexity of the cleaning job, and the additional tasks that need to be handled.
An arborist is a contractor that is specialised in the care, maintenance, and removal of trees and shrubs. An aborist knows what trees require and has the necessary equipment to provide proper care. Hiring someone to take care of trees is not a very popular thing, as people can be somewhat reluctant to paying someone for this service. However, taking proper care of trees is highly recommended, as trees that are well-cared for can boost the curb appeal of your property. Diseased trees, on the other hand, can be a liability to property owners as they invite pests and can damage your property during extreme weather. Most people tend to prune or remove trees on their own, without hiring a professional arborist. Removing trees, especially large ones, can be dangerous and you run the risk of injury. Without proper safety equipment, you put your life and home at risk.
Your roof protects you from weather. While it is safe to say that most types of materials that are used for roofing can enhance the overall aesthetic of your home, some of these materials might be more appropriate for your climate or for your budget than others. If you are considering selling or leasing your house, repairing any damage to the roof or guttering is something to consider. Repairing your roof or replacing the damaged tiles you will add value and boost the curb appeal of your house. The roof is often a neglected part of a house. It's not until you notice leaks that you realise just how important the exterior of their house can be. If, on the other hand, you are building a new house, or simply renovating and you think re-roofing is necessary, then you need to know all the available options. With so many options available on the market such as clay tiles, asphalt shingles, wood shakes, or steel panels, choosing roofing material might be a challenging process. There are a wide range of materials available to homeowners so choosing the right ones might depend on your budget, needs, climate, and personal preferences. Here are some of the most popular materials and the advantages and disadvantages associated with them.
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
If you want to revamp your home and change its aesthetic appearance, you might consider painting it. However, the question of “how much do painters charge" and how they come up with their rates might be something you might want to know. We are going to look at how painters arrive at their prices by understanding the whole process and review the quote thoroughly. From this article, you are going to figure out the following: jobs that a painter does, factors to consider when hiring a painter, what painters might charge.
Hourly rates can be deceiving. When you ask different painters what they charge per hour, you will be shocked because you will get different hourly rates. But how much do painters charge? Here is what you should know about the actual prices of painters.
Whenever you have an emergency related to electricity, you might want to know where to get an electrician prices guide. Electricity is a sensitive issue that needs to be handled by only a licenced electrician. You need to budget for the labour and materials required to finish any electricity project whether it is a renovation or routine maintenance, you need to plan. The law makes it clear that if you want to be safe, you should hire a licenced electrician to handle any electrical work. From this article, you will find out what electricians do and how much it might cost to hire one.
Electricians are professional tradesmen whose main responsibilities revolve around installing, maintaining, and repairing electrical wiring and appliances. Nowadays, electrical systems can be found in almost all types of buildings be it residential, commercial, or industrial. Depending on their specialisation, electricians will work either indoors or outdoors. If you find yourself in need of a qualified electrician, the first question you should ask is ‘How much does an electrician cost?’. For an average job, an electrician will charge around $75 per hour. For simple jobs, you might be able to find a sparkie who will charge less. However, for more complicated and complex jobs, you might pay up to $80 per hour.
A tidy garden improves the beauty of your home and keeps you safe. As much as you can keep it clean using the DIY method, it might not be possible if you are busy. You might need to hire a garden cleaner. Garden cleanup cost can be around $45/hr. It depends with the requirements of the job. Sometimes cleaning a garden can be as low as $40/hr or as high as $50/hr. If you need services of a professional garden cleaner, it can cost you on average in Australia $164.84 to complete the whole project. However, this being an average estimation, rates can vary depending on the number of tasks involved.
A dirty roof can damage the appearance of your house. You might be tempted to hire a high tackle sprayer and go for the DIY method. This is a sensitive job, and it can destroy your roof in the process. You need to learn how professional cleaners do it and the roof cleaning cost too. This might make you wonder what the roof vacuum cost is. Here is all you need to know about roof cleaning.
Your kitchen benchtop is a breeding ground for dirt and bacteria so daily cleaning is a must! But don’t just reach for the Spray and Wipe, certain benchtops can benefit from a more customised cleaning method. Here’s how to how to clean kitchen benchtops to keep them hygienic, as well as free from stains and scratches.
Outdoor pavers, or paving stones, can add a decorative element to any outdoor area and are very common throughout Australia. Whether they are used as walkways in the garden, driveway, or patios, the paving stones are likely to become dull. The good news is that the specialists behind Bricks + Agent have created this guide that will show you how to clean outdoor paving stones correctly. Restoring the luster of your paving stones is quite simple. All you need is a stiff bristled broom, a cleaning solution, sealer, and replacement sand. Before you start the whole cleaning process, don’t forget to do the following things:
Technology continues to change our way of doing business. This is as true for managing properties as it is for all the other areas in today's real estate industry.
A tidy garden improves the beauty of your home and keeps you safe. As much as you can keep it clean using the DIY method, it might not be possible if you are busy. You might need to hire a garden cleaner. Garden cleanup cost can be around $45/hr. It depends with the requirements of the job. Sometimes cleaning a garden can be as low as $40/hr or as high as $50/hr. If you need services of a professional garden cleaner, it can cost you on average in Australia $164.84 to complete the whole project. However, this being an average estimation, rates can vary depending on the number of tasks involved.
A property manager must be a skilled juggler of numerous tasks, keeping both landlords and tenants happy. In addition to keeping properties maintained and in good shape, they are responsible for preserving a rental property's value. Although this job only requires a high school diploma, many customers will opt to work with a specialist who has a degree in real estate, finance, or business. We've put together a list of professional qualities a property manager needs hold to make the most out of a successful career.
Do you know who the average Australian property investor really is? Contrary to popular belief, it’s not the super wealthy property speculator buying up rentals left right and centre. In fact it could be your next door neighbour, the one who’s drinking XXXX and firing up the barbie. Don’t believe us? Let’s take a look at some stats to see if we can put together a clearer profile of this person….
Whether you’re a seasoned property manager with an impressive portfolio or a beginner, you want to grow your rent roll and increase your monthly rental income. Right? The good news! Fortunately, there are countless rent roll growth strategies scattered over the web. But the question is what actually works? Which strategies help deliver real results effectively in a hassle-free manner? This article shares several time-tested rent roll growth strategies that really work.
How do you feel about interacting with your home the way you would with a website? In the future your home will know who’s in what room, make your coffee and turn on your lights. It might even choose your clothes for you based on the temperature outside.
Are you planning on remodelling or renovating your house? If you are, you might be considering wallpaper, which has re-entered the style space this year. Available in a wide range of colors, textures, and prints, replacing old wallpaper or installing it in order to improve the property’s overall appearance could add value, attract more buyers and boost your home’s appeal.
Does your job revolve around customer satisfaction? Working in customer-centric industries like real estate, you will come across a lot of people and making a connection with the customer is vital to the longevity of your business. Establishing healthy customer connections is a fool proof formula for generating repeat business. Customers will come to you not just because they love your products and services, but because you offered them a smooth and convenient experience. The experts at Bricks + Agent have compiled a list of tips and tricks for improving customer connections.
If you're on the lookout for a new career path, becoming a property manager might just be the perfect job for you. Now more than ever, people of all ages are renting instead of buying, so the need for good and professional property managers is out there. A career in property management can bring a decent salary, job security, and steady employment, and if you like to work with people, then your success is almost guaranteed.
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.