Property Management

How to Manage COVID Rent Decrease Requests


As we battle our way through COVD-19, we are seeing a lot of COVID rent decrease requests. Many Australians being laid off work, with the number expected to peak at 1.4 million come June. We are seeing many Australian families unable to meet their rental payments. Naturally, we are getting enquiries as to how to handle this from agencies. When ... read more >>

How to Manage COVID Rent Decrease Requests2020-04-20T04:06:02+10:00

COVID-19 Impact on Property Management


The real estate industry, like so many others, has been hit hard by the COVID-19 crisis. The changes to the real estate landscape are unprecedented, ones that we could not have predicted a mere few months ago. Yet it is a situation requiring open communication lines and reasonable negotiations between Property Managers, Landlords and Tenants in order to come out ... read more >>

COVID-19 Impact on Property Management2020-04-13T23:46:58+10:00

The Paperless Office Rent Roll Owner


When Going Paperless is the Norm Anyone who has the pleasure to sit my trust account training hears me speak of how I ran a paperless office in 2007. Yep, imagine that - a paperless office way back with 2007 technology. How did she do it?! Well, I tell a small lie. It wasn’t completely paperless. It was almost paperless ... read more >>

The Paperless Office Rent Roll Owner2020-04-09T02:27:44+10:00

Buying A Rent Roll or Starting from Scratch?


Should I consider buying a rent roll or starting from scratch? I get asked this question all the time. Let's look at the facts to help guide this decision. If you are considering buying a rent roll, chances are you currently have or have had, the support of a franchise network or strong independent agency. You have done your time, ... read more >>

Buying A Rent Roll or Starting from Scratch?2020-03-12T02:25:35+10:00

NSW Reforms & Property Management Compliance


There are certain components of the upcoming Licensing Reforms (23rd March reminder!) that specifically concern Property Managers and Property Manager compliance. As a quick summary, these points are: Current License holders will transition to Class 2 License holders Certificate of Registration holders will transition to Assistant Agents If you’re currently approving EOM payments, you will not be able to do ... read more >>

NSW Reforms & Property Management Compliance2020-02-18T23:55:09+10:00

The ATO Crackdown on the Holiday Rental Black Market


The End of the Holiday Rental Black Market It is true that holiday rental platforms such as AirBnB, Stayz and the like have transformed the way Australians travel and book holiday accommodation. Additionally, they have also opened up additional revenue streams for the average Australian by renting out their homes or rooms for additional income. In essence, the scheme is ... read more >>

The ATO Crackdown on the Holiday Rental Black Market2019-12-10T05:16:10+10:00

Tenant Dishonoured Rent Payments ~ Best Practice Tips


What is a dishonoured rent payment? A dishonoured rent payment occurs when a rental payment made by the tenant bounces in the trust account. As a result, it is shown on the debit column of the bank statement. So when this happens, what do you do? We detail the best practice solution you can implement when a dishonoured tenant rent ... read more >>

Tenant Dishonoured Rent Payments ~ Best Practice Tips2019-10-10T02:39:21+10:00

How to Keep your Real Estate Agency Start-up Costs Down


Let's be honest, starting out a small business is never easy. Keeping one afloat can be even more difficult. There are approximately 2.1 million small businesses operating within Australia. Of those, 54, 992 business went bust in the 2018 financial year, a 12.7% increase from the year before. On average, 60% of Aussie small business close their doors in the ... read more >>

How to Keep your Real Estate Agency Start-up Costs Down2019-09-21T06:45:33+10:00

Can Sales and Property Management Departments Work in Harmony?


Unfortunately, Sales and Property Management often work as though that are polar opposites. Magnets resisting the push and pull of one another. It is sad that this is the case in many agencies across Australia. In my time within Property Management, the tension was so thick you could often cut it with a knife. And a good chef's knife at ... read more >>

Can Sales and Property Management Departments Work in Harmony?2019-03-28T06:24:44+10:00

Creating Harmony Between Bookkeeping & Property Management


Trust Accounting and Bookkeeping are very different entities. Yet despite being in different worlds, it is important that bookkeeping and trust accounting operate in succinct harmony. Some agencies may have one staff member managing the trust account and reconciling the general account. This is completely acceptable. Other agencies may keep the roles completely separate. Also acceptable. What is important is ... read more >>

Creating Harmony Between Bookkeeping & Property Management2019-03-28T06:24:44+10:00