Running a successful property management business is no small feat, but if you’ve reached a point where you’re considering expanding to multiple locations, it’s a clear sign that your hard work is paying off.
In recent years, Airbnb has revolutionised the way people travel and find accommodation. This online platform allows individuals to rent out their homes, apartments, or spare rooms to travelers looking for unique and affordable lodging options.
Managing properties can be a lucrative and rewarding venture, but it also comes with its fair share of challenges. Whether you’re a seasoned property manager or just starting out in the industry, having the right knowledge and strategies is crucial for achieving success.
Don’t panic, yes the end of financial year is just around the corner, but I’ve got your back. It really doesn’t have to be as stressful and frantic as we all make it out to be. I’m here to help stop you freaking out and give you a few simple steps to get your EOFY […]
Once upon a time, copywriting in Real Estate was pretty much the key to attracting buyers or tenants to a property. There were extensive spiels in the local Newspaper, accompanied by one exterior photo of the house. These days less and less importance has been placed on the copywriting element of a listing and more […]
GETTING STARTED ON SOCIAL MEDIA AS A PROPERTY MANAGER 10 STEPS TO START YOUR SOCIAL JOURNEY – ATTRACT AN IDEAL AUDIENCE OR CLIENTS AND BUILD AN UNFORGETTABLE DIGITAL PROFILE I’m just going to say it, if you’re not on social media and promoting yourself or your business on there, you need to get with the […]
It is most certainly the crazy times we are living in. I keep waiting for this COVID thing to be over, I mean seriously how long does a Pandemic last for! It is becoming most inconvenient now, and I’m most definitely ready for life as we knew it to return. Covid-19 has certainly changed the […]
Are you across it? Are your Landlord’s across it? You thought you had years to prepare, but all of a sudden the deadline for the new Queensland Smoke Alarm legislation is imminent, pressing a lot closer than you think. I’d been exceptionally nervous if I had a large rent roll to make complaint before the […]
When it comes to an x-factor in business you have to be brave, you have to think outside the square and you have to take a risk. Virtual assistants have turned out to be that x-factor in our business. A Virtual Assistant is a multi-skilled, self-driven, who provides professional administrative, technical, or creative assistance to […]
New agencies are popping up everywhere these days and it has never been easier for landlords to jump ship and try a new agency. In Queensland under the new legislation, it is only 30 days before a landlord can change to a new agency if the property is tenanted, but if the property is vacant […]
Starting a rent roll, how hard could it be? Just because it might not be easy doesn’t mean you shouldn’t start one. A rent roll is typically the rental division of a real estate agency, which deals with collecting rent and managing landlord’s investment properties. In return for these services, a real estate agency collects […]
Selecting and Onboarding New People in Your Business – How Hard Can It Be? It can be an exciting time when you have new people joining your business. In the early days of starting out it means you are expanding and growing and it is time to hand over some of your previous tasks to […]
Since the Australian Prime Minister Scott Morrison announced the Covid-19 moratorium on evictions, property managers and investors have had one single thought on their minds, what is this going to mean for rent arrears? Rent Arrears is probably the single biggest stress and cause for angst for property managers, business owners, and landlords, largely due […]
It’s the hottest topic in Property Management amidst the Coronavirus pandemic, how are we going to deal with Rent Arrears and financial hardship? It may seem overwhelming right now, but rest assured with some thought and planning there are solutions. The important thing is to not ignore the situation and start looking at your business […]
Advertising your investment property correctly and appropriately is absolutely vital when the property becomes vacant. Nowadays, renters have access to multiple online portals when hunting for the perfect rental property. Therefore, it is important to ensure your property is being seen! Here are some things you can do to ensure your property is reaching those […]
Why Landlord’s leave a Property Management Company Just like a baseball and softball game, the general rule of thumb with Landlord’s is three strikes and you are out and a new agency comes in. As an investor myself I’ve used this rule of thumb to move onto a new agency, in fact, anything to do […]
If you had to make a list of the worst jobs you’d like to do, property management would have to be right up there. I mean it is really one of the most thankless jobs, no one ever calls up and says thank you for renting that house to me, thank you for collecting my […]
Which is the best option for your business or your property if you’re a landlord? When you are thinking about setting up or purchasing a rent roll this is one of the biggest considerations you will have to undertake. There are many pros and cons to both options, but the decision must come down to […]
Is your Property Manager giving you the service you desire? Let’s face it Real Estate is a pretty transparent industry. All Real Estate businesses are governed by the same laws and codes of conduct and we all have access to the same technology, so how do we stand out from the crowd in such a […]
It’s an ever evolving and changing world we are living in. Across any industry, it’s important to keep up to date with the latest trends in consumer activity, technology and market activity. While the business of real estate transactions ie buying and selling a home will remain the same in essence, there are major innovations […]
A lot of agencies promote rental return when vying for your business, but what do they actually do to assist you in achieving maximum rental return? Our job as your property manager is to not only to lease your property but to rent it for the highest possible price, just like when selling a property. […]
As a landlord, you want to ensure your property is always tenanted. In some instances, the reasons tenants vacate is out of your control, and when it comes to breaking the lease, it can tend to get complicated and confusing. When faced with this situation it is essential to know your rights and obligations as […]
One of the most stressful tasks when you’re vacating a tenancy, is ensuring your property is in tip-top shape. Under the General Tenancy Agreement (GTA) you sign at the start of your lease, it’s your obligation to ensure you leave the property in the same condition as when you moved in otherwise you will lose […]
As a landlord, there is nothing more stressful than when your property is vacant. To help minimise the risk of this happening to you, you need to make sure you look after your property & tenants. iThink Property Manager, Katrina White has put together a list of five reasons tenants tend to leave their rentals, […]
According to the latest CoreLogic Rental Report*, rental rates are at a national high and growth has lifted, so is now the time to buy an investment? There is a lot of talk back and forth about when is the perfect time to buy an investment is but, to be honest there isn’t one! Yes, […]
For those lucky enough to have a backyard pool, you’ll already know it’s not all rainbows and daises. With drowning as one of the leading causes of death in children under 5 in Queensland*, owning a pool is a huge responsibility. When it comes to a pool in a rental property, the lines can be […]
Gone are the days we could just put up a sign outside your property and it would be rented within days. We live in a world where digital media reigns supreme in the advertising world and it is becoming more important to jump on board. According to realestate.com (REA), 91% of tenants are now searching […]
It’s a struggle to find time to renovate or repair your rental while a tenant is in place. So when your tenants are vacating and there is a week or two between tenancies you need to jump on this opportunity! You want to achieve premium price and attract quality tenants so giving your investment a […]
It’s time to stop the confusion and find out who is responsible for what repairs in a tenancy. It’s a question that comes up regularly and is a major cause of many arguments. To avoid delays in repairs, our Head of Property Management, Jaime Shepherdson is here to inform you of your responsibilities in advance. […]
The rent reduction conversation is never an easy one between property managers and landlord’s. What it simply comes down to is an open line of communication and an education process on current market conditions. There is always a reason why a property doesn’t rent. To help landlords understand why, Director at iThink Property, Kylie Walker […]