Property Management

Can Sales and Property Management Departments Work in Harmony?

2019-03-28T06:24:44+00:00

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+00:00

Creating Harmony Between Bookkeeping & Property Management

2019-03-28T06:24:44+00:00

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+00:00

Rent Roll Purchase Tips to Avoid Buying a Lemon

2019-03-28T06:24:45+00:00

The Appeal of Rent Rolls There’s no doubt rent rolls are hot property in Sydney at the moment. The Inner West and North Shore areas are leading the charge as favourites where we have heard reports of agents paying in excess of $4.50. Rent rolls are a stable source of income if managed correctly. They are highly sought after by ... read more >>

Rent Roll Purchase Tips to Avoid Buying a Lemon2019-03-28T06:24:45+00:00

How to Maintain Good Tenant Retention Rates

2019-03-28T06:24:47+00:00

Finding a good tenant is one thing. Tenant retention is another! Many would argue – "why should I care about the tenant?" Well, the truth is pretty simple. Tenants own properties too! They can, or may already be, landlords, purchasers and have a connection of friends and family with rental properties of their own. So in short, yes you should ... read more >>

How to Maintain Good Tenant Retention Rates2019-03-28T06:24:47+00:00

First Class Trust Management for Landlords

2019-03-28T06:24:47+00:00

With the ups and downs naturally associated with the real estate sales market, it is important to take care of your rental roll clients. Your rental roll clients are the ones that will (hopefully) be there through the thick and thin of the sales cycles. When sales times are low, the rental roll keeps clicking along. Just the same, when ... read more >>

First Class Trust Management for Landlords2019-03-28T06:24:47+00:00

When Landlords Change Bank Details

2019-03-28T06:24:51+00:00

How to Ensure Your Money is going to the Right Place Landlords changing bank details is a common occurrence in property management. When the correct systems and protocols are in place to advise tenants of the new details and timings, things can usually go without a hitch. Unfortunately, criminals are on the lookout for any new ways to make a ... read more >>

When Landlords Change Bank Details2019-03-28T06:24:51+00:00

How To Avoid Trust Accounting Mistakes of Epic Proportions

2019-03-28T06:24:53+00:00

The day our Director transferred $100,000 instead of $1,000…and how you can avoid the same mistake. Before you think, no - that can’t be right! Think again. Yes these mistakes can, and do happen (even to the best of us). Major mistakes can happen in the blink of an eye – whether from a momentary lapse in concentration or simple ... read more >>

How To Avoid Trust Accounting Mistakes of Epic Proportions2019-03-28T06:24:53+00:00

5 Reasons Not to Outsource Your Trust Accounting Overseas

2019-07-08T05:44:08+00:00

As a business owner, it is natural to look for ways to increase your bottom line and reduce costs. In our last blog on 8 Ways to Reduce Costs for Start-Up Real Estate Agencies we discussed various ways start-up agencies can minimise costs. This included shopping around on items like software, insurance and considering a virtual office as opposed to bricks ... read more >>

5 Reasons Not to Outsource Your Trust Accounting Overseas2019-07-08T05:44:08+00:00

8 Ways to Reduce Costs for Start-Up Real Estate Agenices

2019-07-08T05:44:35+00:00

Australia thrives on small business. It is what makes our country go round. So the reality of the number of small business that fail to succeed is definitely a cause for concern. According to the Australian Bureau of Statistics, more than 60% of small businesses cease operating within the first three years of opening their doors. How Can You Reduce ... read more >>

8 Ways to Reduce Costs for Start-Up Real Estate Agenices2019-07-08T05:44:35+00:00

Sh*t In, Sh*t Out – Creating Policy on Data Entry for Trust Accounting

2019-07-08T06:00:36+00:00

Data entry is one of the necessary evils of our job. No matter what way you look at it, it is the #1 priority on our daily agenda. Why do we continue to falter when it comes to keeping consistent, well-maintained data entry policies and procedures? Time. Creating effective data entry policies is a time intensive task. Implementing effective procedures ... read more >>

Sh*t In, Sh*t Out – Creating Policy on Data Entry for Trust Accounting2019-07-08T06:00:36+00:00