Smoke Alarm Compliance
This is a topic that I feel very passionate about…simply because there is a lot of misinformation out there and landlords have no idea how much risk they may be in! Smoke Alarms background For anyone that is not aware, the NSW State Smoke Alarm legislation came into effect on the 1st of May 2006

7 Costly Mistakes Landlords make

No one said that property investing is easy. And whilst most people know all about the pitfalls and heartaches of buying a property – aka the exciting, front end part which includes the “joy” of becoming a landlord, everyone seems to forget the back end of the transaction – aka the boring part of holding
Never a dull moment in Real Estate. This week the industry was on the news again, thanks to the Royal Commission’s recommendation to abolish upfront and trail commissions to the Mortgage Broking Industry – which are currently paid by the banks. This is the not-so-successful UK model and the model introduced in New Zealand In
Forgotten Rent Increases
I see it all the time… rental properties come to us with a current rent of $20, $30, and even $50 or $80 lower than market rate. The reason is a phenomenon I call “Rent Increase Inertia”. What is “Rent Increase Inertia” and what should Landlords and Property Managers do to avoid falling into it? 
[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