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….
There are no shortcuts to success and it comes to you in its own time. Your experiences on the way make you wiser which helps you in making better informed decisions. And as they say ‘learning is a lifetime process’. However, there is cheat codes available that might be able to give you a kick start – reading. Reading about the success of other people and how they got there can help you make appropriate changes to your game plan. Therefore, we decided to compile you a list of 12 best books that can work wonders for a Real Estate Agent, also you can try our property management software to ease your job.
Property owners and managers shouldn't turn away good tenants just because they have one or two pets. According to a recent article by Chad Gardland, about 70 percent of tenants who live in rental apartments own pets, with majority of those owning a cat or dog. Unfortunately, many pet owners admitted that it can be quite difficult to find apartments that are pet friendly. About two-thirds of urban pet owners had difficulties finding a rental property where pets are allowed. By excluding pets from their rental properties, landlords and managers also exclude an important percentage of compatible tenants. This is a limiting approach because if done right, making rental properties pet friendly can attract great tenants. In fact, according to Psychology Today’s report, people who own pets are happier, have more stability, and are more likely to rent a property long-term. So, this could be beneficial for property managers, as this may attract high quality applicants. However, be prepared to deal with the risks that are associated with pets such as property damage, complaints, and maintenance.
As we step forward in our journey to transform the property maintenance industry, we’re excited to announce that we have hit a significant investment milestone today, accelerating our growth plans and helping us capture the huge opportunity we have ahead of us.
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.
When Spring is approaching, property managers focus on seasonal property maintenance inspections. Inspections consist of monitoring and tracking assets that don’t usually require much attention in Winter like gutters, pools, gardens, and lawns. Managers will check assets that function all year round like filters, HVAC units, and generators, in order to avoid failures. To property owners and landlords, functionality is essential for preserving their home's integrity and keeping tenants happy. To track maintenance related tasks and costs, property owners and managers can implement a maintenance management system. Having a running log on all adjustments and issues handled is important, so many property managers will use a property maintenance software. To help you prepare for Summer, make sure you take these 7 tips into account during the next Spring maintenance check:
Technological advancements in property management software offer solutions to many problems most property management professionals struggle with every day. Performing tasks like tracking payments, seeking approvals and managing maintenance costs and trades manually takes up a lot of time. However, there’s a solution - having property maintenance software!
Did you know that your bathroom holds many germs? Cleaning it isn't a fun task and you might end up making many blunders during the whole activity. While it's important to keep a bathroom clean, many people assume this and end up getting infections and other related diseases. You can maintain your bathroom and enjoy your shower by avoiding the following mistakes.
Trying to find a renter to fill a property is hard enough. As a property manager there are many elements that need to come together in order to be able to find the right type of tenants to a property. To sell a product to it's prospective renter, it's essential to write an engaging property listing to ensure success in engaging the right people and satisfying your clients requirements. Writing a property listing seems pretty straight forward right? The Bricks+Agent guide to writing a property listing will help you market any property to the right audience.
Smart and cloud-based property maintenance software like Bricks+Agent can help property managers streamline their business tasks and improve relationships with less hassle.
Bricks + Agent is changing the way property managers, landlords and tenants work together. New cloud property maintenance software will maintain workflows, improve efficiency, store and secure data to save you lots of time.
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:
Selling your property with the wrong real estate agent can make the process a complete disaster. Follow our checklist to find a quality real estate agent.
Are you considering renovating or remodeling your house? Find out what jobs you can do yourself and what you should always hire a professional contractor for.
If you your property is contaminated with asbestos materials and particles do not hesitate to hire an asbestos removal expert. This will cost you around $35/m2.
The world is changing rapidly with speeding technology. With the emergence of new technologies, we can predict and improve facility management in the future. The team at Bricks + Agent have put together some of the trends that will take facility management to new heights in future.
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.
Just started in the property management business? Or struggling to become successful as one? If you are trying hard to become a successful property manager, here are 10 habits that you must start practicing today.
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.
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.
Are you contemplating starting a property maintenance business? It is imperative for you to precisely curate your business plan to ensure no aspects of your model go overlooked. Here are 6 tips to help you start your own property maintenance business.
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.
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.
