Forgotten Rent Increases
I see it all the time… rental properties come to us with a current rent of $20, $30, or $50 lower than it should be. Why is that and why are property managers NOT keeping the rent on properties they manage at market rates? The answer is a phenomenon I call “Rent Increase Inertia”. As
[Note: Most of the below information is an extract from the Royal Life Saving – “Be Pool Safe” website which can be found by clicking here) The recent spate of drownings, has prompted me to look further into the swimming pool obligations of Landlords and Property Managers in our State of NSW. My research showed that

Season’s Greeting and Thank You

To our Dear Customers, Partners and Friends, 2018 has been an extremely exciting year for the NextGen Property Mgmt team. Since establishing ourselves 12 months ago, we have gone from strength to strength and we are proud to report as we are closing 2018, that we have achieved our objectives for the year. Our measure
I hear this statement all the time. “I am happy with my property manager because they are low maintenance”. That’s great, but ARE THEY DOING THEIR JOB or are you in for a great surprise one day? Sure, you are busy. We all are. As long as the rent keeps coming in to cover the
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”

Doom and gloom? Who cares? Life goes on!

Ubiquitous technology means that news travel fast and bad news even faster. Human nature forces us to focus on the property market doom and gloom and forget that real life goes on. Well I say no more! Life is busy and seems to be getting busier by the day. And even when it is meant
Tenancy Reforms
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
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
Rent your property quicker
You just had some bad news. Your property manager informed you that your tenant has submitted their notice and they are vacating in a few weeks. What can you as the landlord do to fast-track the process of finding your next tenant and minimise your vacancy period? With many developments and about 75,000 units due