Using Data and Metrics to reduce vacancy periods

Slowly but steadily, property management as we know it is changing. Technology has transformed day to day operations, making agencies far more efficient than ever before, allowing property management professionals time on “value add” functions such as better/personal service and renewed care for landlords, tenants and properties under their custodianship. As well as “back office”
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Tenancy Reforms

NSW Residential Tenancy Reforms: Next steps and Verdict

For anyone that isn’t aware, the proposed amendments to the NSW Residential Act have now passed both Parliament Houses and, pending the NSW Governor’s Assent, they will soon become law. This process will take a few more months to complete and will involve the drafting of new Residential Tenancy Regulations as clearly, a lot more
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Self manage your property: What does it take?

Every landlord – especially those brave ones with time on their hands – has thought about it. Some have tried it and failed. A few have been successful. In this article, I will try and paint the picture of what it takes for landlords to be successful in managing your own property. Self managing as a
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I have a vacant property in Sydney or Melbourne. Should I worry?

You just had some news you weren’t expecting: Your property manager just called you to let you know that your tenant submitted their notice and you are faced with a vacant property in about 3 weeks! You are OK with it, given that your property has always been rented but you can’t help but feel
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bad tenant databases

All you ever wanted to know about Tenancy Databases

It may not be widely known, but Property Managers will use “Tenancy Databases” during the tenant selection process to uncover previous issues, before making a recommendation to the landlord. In a nutshell, these Databases are used as a way to ‘blacklist’ tenants that owed money after their tenancy ended or breached their agreement for a
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Asbestos is a known carcinogen

The facts and risks about asbestos

The Real Estate Institute of NSW in consultation with BIV Reports published this article recently in an attempt to educate property managers about asbestos in properties under their management. I took the opportunity to also do my own research and found some more information on the Asbestos Removal Contractors Association (ARCA) website. Below I have summarised
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The test to confirm what you already know

The test to confirm what you already know!

Let’s face it, you may not hear from the property manager of your rental every day, but you already know in your heart if they are a top performer… or maybe they are just ticking boxes for you. Just to be sure though, I invite you to go through the telltale signs of the top
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Landlord Insurance

Insurers limit rent default payouts on Periodic Tenancies

Insurance companies limit their liability for rent default, if there is no current tenancy agreement! Yes, it’s true: Most insurance companies will limit a rent default claim, if there is no current tenancy agreement in place. I found that out the hard way, and I am still not very happy about it.   Insurance companies
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Routine Inspections Explained

Routine Inspections: All you ever wanted to know

The most important, and realistically only, tool a property manager has to ensure the physical well being of a property under their care, are the good old routine inspections. Simply put, routine inspections are on-site assessments that are carried out at regular intervals, to ensure that properties under a managing agent’s care, are looked after
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