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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.
Ready to improve communication with your tenants? Inspection Manager’s online tenant options are here to help you power-up your day and enhance communication with ease. Our Branded Tenant Assisted Inspections, Branded Paperless Ingoing Reports, and Branded Digital Leases are not just tools to streamline your rental process, they’re also the key to stronger relationships and better communication with your tenants.
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.
Would you like to revamp your house by changing your furniture? Whether you need a new door, a custom entertainment unit or a window installation, a carpenter can handle all that. Apart from that, carpenters can work on other materials such as PVC, steel, and plastics. What is a carpenter subcontractor hourly rate? From this article, you will get an overview of the work of a carpenter and what it costs to hire one.
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.
If you don’t have time to keep your home clean and tidy, then hiring a cleaner is your next best option. Getting in a cleaner for a weekly house clean, or a spruce up before guests stay, is becoming more common these days as we juggle work, children, pets and social events. Here is an outline of the services and costs involved to give you an idea of how much you’ll be looking at paying.
When you are faced with a serious issue, you will know immediately that you need to hire a plumber, but what happens if you are not sure? There are less obvious problems that might require a professional’s attention and it is important to know how to spot them. If you avoid fixing an underlying plumbing issue, over time, the costs of the repairs could increase. Additionally, a leaky pipe that is not fixed on time can severely affect the structure of your house.
Solar panels are leading the way as an alternative energy source for residential homes in Australia. Since we enjoy some of the highest levels of solar radiation in the world, it makes good financial sense to take advantage of this and install solar panels on your roof. As well as being an effective source of energy, going solar has positive benefits for the environment. With solar power you don’t have to worry about greenhouse gasses, it’s totally environmentally friendly. Solar power means you can also enjoy energy-independence from grid electricity, always handy when there are power failures, and consistently cheap rates because, unlike energy companies, the price of the sun won’t go up. Do solar panels actually generate enough power to make a difference? The answer is ‘yes’, in general, solar panels can convert approximately 15-40% of the sun’s energy into electricity, depending on what type you get.
One of the most popular and common DIY jobs, painting the interior of your home can be an easy and pleasant activity. If you are looking for a cheap and effective way to increase the value of your house, then sprucing it up with a brand new coat of paint is a great idea. However, this task can be time-consuming, so unless you are willing to put in some time and effort, you should consider hiring a professional painter.
Is your roof too shabby, damaged beyond repair or outdated? If it is affected by any of the above cases, the only choice you might have is to replace it with roof tiling. But how much can it cost you to repair it? Would you like to renovate, clean or substitute it?
Growing vegetables doesn't have to be a seasonal job and planting can be done outside of Spring. In many parts of Australia, you can grow vegetables and have a beautiful cottage garden in Winter as well. The only factor you need to address is which types of vegetables are going to thrive in your local climate.
So you own one or several Airbnb rental properties and maybe time isn’t on your side to manage them by yourself. What's the best solution? Lucky for you, hiring a person who provides professional Airbnb property management services has become quite popular. Your properties will get all the attention they need, and you get to worry less and invest your time in something else.
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.