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.
If you are a property owner or a property manager you've probably heard the line "I can do that for half the price." more than once. However, hiring someone who does not have a licence in order to save money is usually an extremely disappointing experience. If you are new to property management you might ask yourself "Why hire a licenced contractor when an unlicenced ‘tradie’ can do the same job for less?" In this article, we will provide the answer to this question and we hope that you will understand the importance of always hiring licenced tradies. A tradesman who undergoes certified training in order to get a licence is usually committed to their trade. By investing their time in learning and developing the necessary skills to get a trade licence, the tradesman guarantees that he can provide quality work. When hiring someone for a job, you should always look at their trade licence and qualifications first. Are they licenced to do the kind of work that you need them to? In some cases, a contractor might have a licence that restricts them to only do certain jobs. For instance, a licenced residential builder will usually have the necessary skills to do all sorts of tasks, but he might be restricted to doing a specific job such as decking. By checking their licence and registration you should be able to tell exactly what the contractors can do. Did you know that for certain jobs you are required by law to hire a licenced tradesman? For example, electrical work can only be carried out by someone who has an electrical worker’s licence in Australia.
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.
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.
You need to know how to clean the glass shower screen to achieve a sparkling clean bathroom glass. However, it’s quite hard to clean a glass screen when soap and dirt builds up on it. The tips below shows the best way to clean glass shower screens in a few minutes.
Dirty fly screens prevent fresh air from passing through the mesh. They are unappealing, and the whole process of cleaning them can be a messy chore. But you shouldn’t be worried because if you know how to clean security doors, this won’t be a problem anymore.
Are you in need of a business opportunity that will allow you to use your hands to create furniture, buildings and other wood related items? Currently, carpentry has a significant market. It is the ideal trade but how to become a carpenter is something that most people don't know. The tips below will help you to be a carpenter.
The most common household pests are some of the hardest to get rid of once they gain a foothold in your home. Many pests, such as cockroaches, mice and birds, are also well-known carriers of germs and diseases that are harmful to humans and need to be eradicated immediately. For many homeowners the DIY method of pest control is often preferable, as baits and traps can be obtained cheaply from their local hardware store, but in truth they’re not always that effective. You can end up spending much more on DIY products in the long run than it would cost for a single visit by an experienced pest technician.
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.
2020 had it’s challenges, but it also came with a lot of lessons! Have you set yourself up to move forward into 2021 for your best year ever? This month we had a chat to our friends at pmXcite about how they think Property Managers can set themselves up for their best year ever!
Have you integrated your Trust Accounting System with Inspection Manager Yet? By turning on integration* with your Trust Accounting System and Inspection Manager today, you can create greater efficiency and time savings within your business. Inspection Manager integrates with many trust accounting systems, including Console Cloud, Property Tree, Re-Leased, PropertyMe, Palace, File Smart and Rest Professional. *Integration available on all paid Inspection Manager Plans
Reliable property manintenance software offers a cloud-based accessibility to help property managers, homeowners, tenants and service providers interact and do business with ease. Here's our top five most common uses of Bricks+Agent.
Almost all landlords like to have long-term tenants at their properties. Here are 5 innovative ways to keep long-term tenants in your property and make them feel at home.
Bricks + Agent is a cloud-based software designed to streamline the property maintenance and repairs tasks for residential and commercial property managers and self-managed property owners.
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.
To become a successful gardener you need the right skills to grow your gardening business and make yourself a attractive to homeowners. The experts at Bricks+Agent have put together a list some of the skills you should have.
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.
Whether you own a home, an apartment or you are a property investor, your investment can offer you significant tax deductions. Here are the five best tax tips that every property investor can follow to save at tax time.
The rental market in Australia is crowded and challenging for homeowners trying to fill their properties. It's essential to offer the best rental amenities to attract new tenants. We've put together the top five creative services and renovations that will help secure and retain tenants.
It is essential to conduct regular inspections of a rental property as it keeps it in excellent condition and increases the value of your property. This post shares the five reasons to have regular inspections of your rental property.
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.