EPM: News
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Property and Pandemics: What to expect next?
Key points covered in this webinar: Leading the way – Property always leads a recovery. Historical evidence of past crises – the GFC and the recession – showed house prices grew in value, often significantly. No two crises are the same, but one thing that is always the same: the way humans respond. We will bounce back quickly and strongly. The current situation – Doug says listing numbers at Starr Partners are down 65-70 per cent year-on-year, …
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Maintaining a leadership mindset in the midst of COVID-19
Going old-school – No one knows how long the pandemic and social distancing is going to last, so you should be making significant changes to your business processes. It’s a lot like real estate in the old days where we didn’t have open homes or auctions, only private viewings – and it worked. Stay calm – The right strategy and right mindset will outperform panic. …
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Navigating the coronavirus crisis for real estate agents
Sam McLean sat down with REIWA President Damian Collins, REINSW’s Leanne Pilkington and REIV’s Leah Calnan to get an overview of what is happening in the industry since the pandemic hit and what needs to happen for real estate professionals, tenants and landlords to get through the crisis. …
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Property management in the era of COVID-19 with guest Hannah Gill
Key points covered in this webinar: Rent reduction – There are no requirements currently, which may change if and when Government make announcements – but for now it’s really up to the tenant and landlord – through their property management – to come up with their own agreements. There is no standard rent reduction – landlords’ and tenants’ circumstances vary. Hannah has had some landlords not in a financial position to help at all, …
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Don’t be a fire risk: Preparing rentals for bushfire season
With bushfire season starting earlier, and lasting longer, landlords and property professionals need to make sure investments and incomes are better protected should disaster strike, says insurance leader Sharon Fox-Slater. This comment comes on the back of the New South Wales Rural Fire Service being forced to bring forward the start of its bushfire danger period by two months. And, the news in Queensland is that fire season is also already underway. …
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Beepo and Rockend partner to provide accreditation for offshore employees
Adequate training is usually one of the biggest challenges in implementing offshore teams. One of the main issues has always been the struggle with a large number of unique software products along with legislative and geographical knowledge requirements. But Beepo has recently decided to tackle this challenge head-on by partnering with Rockend to develop trained resources, otherwise known as ‘Rockend Property Assistants’. …
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Strong financial results for rent.com.au
Rental property website rent.com.au has reported strong results for the 2018 financial year, noting revenue growth of 41 per cent. The company, which specialises in rental property searches and associated products, released their full financial year results yesterday morning, stating revenue for 2017/18 was $2,324,880 – up from $1,654,395 in 2016/17. In their report to shareholders, rent.com.au directors explained that the strong results were largely attributed to increased offerings along with improved consumer uptake. …
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Rent.com.au launches first mobile app
Rental property website rent.com.au have announced they will launch a mobile app for IOS and Android this week. In an ASX announcement, the company said the app would bring all the “unique and useful features” the platform already has alongside a range of “unique new features”. According to the announcement, 60 per cent of the current customers using the platform access it from a mobile device. …
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Vivien Yap adds Senior Property Manager to her team at Ray White Dalkieth Claremont
Vivien Yap has further extended her team, bringing on Fiona Short as a Senior Property Manager. Ms Short joins Ray White Dalkeith | Claremont with over 15 years’ experience in the property management industry. She firmly believes communication is the key to a successful property management business. “Whether you know the answer or not … as long as you’re communicating and being honest you can’t really go wrong,” Ms Short said. …
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Fiona Nichols joins Coronis Property Management team
Fiona Nichols has joined the Coronis leadership team in the position of Training and Development Manager. Starting in real estate more than 13 years ago, Ms Nichols has headed up several property management departments at Ray White, Johnston Dixon and most recently Devcorp Services. Property Management Director Jodi Ford said Ms Nichols was a valuable addition to the team and brought with her a wealth of experience and knowledge. …
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2018 PPM National Property Management Award finalists announced
The finalists have been announced for the 2018 PPM National Property Management Awards. The PPM Group received more than 135 submissions across eight categories. The judge’s feedback back was that this year the level of submissions were exceptional with many of the category nominees being very close. Here are the finalists in each of the eight categories: Property Manager of the Year Kaly Smith – …
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LPMA 2018 Annual Award Winners Announced
The annual Leading Property Managers Association Awards night was held on May 10th at The Star on the Gold Coast with over 400 industry guests in attendance. LPMA Australia National Manager, Jodie Stainton said, “It was an extraordinary night rewarding extraordinary efforts! All of our finalists worked so hard to get to this point so it was amazing putting on the gala and celebrating the best our industry has to offer.” …
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The suburbs helping rentvestors outperform homeowners
The technique of rentvesting has become increasingly popular with property investors around the country. Now new research from LocationScore.com.au shows the suburbs where renters are paying less than homeowners for the same lifestyle. The property research site has identified the top suburbs around the country where renters are paying less than owners to enjoy the same top-notch lifestyle. In NSW it was the premium beach-side suburbs that sat on the top of the list, …
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Homie, a personal house-hunting service for renters
A UK start-up is taking the time and legwork out of finding rental accommodation by offering a personal service which matches prospective tenants with properties, then schedules viewings and takes them on a tour of what’s available. Known as Homie, the service is making serious inroads into the London market, catering to busy professionals, expats and students who are short of time or local knowledge in the house hunt. …
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Chatbots are coming to an apartment near you
As anyone who has ever worked in strata management can appreciate, often inquiries and complaints relate to similar things – Can I book a facility? What day is bin day? And that good old strata living gem, how do I make a noise complaint? A new service called Strata.chat sees chatbots taking on some of this repetitive grunt work, allowing residents to chat with their building, …
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Morgan Stanley report shows Airbnb growth has slowed overseas but Australian data tells a different story
According to a recent report from Morgan Stanley, as awareness of security issues rises, Airbnb’s growth slows. The third annual AlphaWise survey saw the researcher drop their prediction of Airbnb growth by over 50 per cent, from 29 per cent to 12 per cent, in the EU/US. However, the data in Australia tells a much more concerning story for property managers and short-term letting. …
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Global Consumer Group Launches Push for New South Wales Government to Ban Rent-Bidding Apps
SumOfUs, an international consumer group with more than 170,000 members in Australia has called on the New South Wales Government to ban the spread of “pernicious and mercenary” new rent-bidding apps. They say the apps – US-based Rentberry and local apps Property Connect and RentWolf – will push up rental prices by forcing applicants into rent-bidding wars. Victorian Premier Daniel Andrews announced plans to outlaw the “scourge” of rent-bidding last year while existing Queensland legislation prevents their use in the State. …
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Winter Olympian, The Urban List and Josh’s Rainbow Eggs take centre stage at the PM Leadership Summit
On the 7th and 8th March, a Winter Olympian, The Urban List and Josh’s Rainbow Eggs will take centre stage at the Property Management Leadership Summit on the Gold Coast. Connecting principals, heads of PM department, BDMs and career property managers with experts from outside the real estate industry, the summit empowers delegates with leading tools, new technologies and bold ways of thinking. …
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Console announce integrated payment solution
Console Group have announced the introduction of Console Pay as a new capability in their flagship property management and trust accounting software, Console Gateway. Console Pay powered Ezidebit, is now officially the first fully-integrated payment solution on the market. The integration provides full visibility of payment information and the ability to manage changes to payment schedules, such as rent increases, directly in Console Gateway. …
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PM Leader Michael Conolly returns to McGrath
McGrath Estate Agents have announced the return of Michael Conolly as Head of Network Property Management for McGrath. Mr Conolly is one of Australia’s most respected experts in property management with over 28 years’ experience in residential, commercial and business management. He has extensive leadership experience including roles as State Manager of multi-billion-dollar asset portfolios. Mr Conolly returns to McGrath after a short break from the company. …
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Technology won’t necessarily get you results, says Jo-Anne Oliveri
Property Management Leadership Summit presenter, ireviloution Founder and Managing Director Jo-Anne Oliveri, recently shared her insights on the real impact technology has on the business of property management, and why it is so important for principals to understand. Speaking with Elite Agent, Jo-Anne says technology has changed things but property management has remained the same. “Whilst technology has enabled principals to improve their property management service-delivery, …
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New outsourcer of rental inspections helps time poor consumers
One executive’s search for a rental property highlighted a gap in customer service, along with the creation of a new outsourced rental inspection service called Propzee. For James Bentley, a newly relocated executive from the UK, the rental inspection experience was frustrating, particularly in Melbourne’s hot rental market. James found inspections clashed, were at inconvenient times, on the weekend interfering with family time, …
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Weakening investor activity impacts Sydney, but national median price in most captials: Domain
The median house price in most capital cities rose over the December quarter, although different cities continue to record varied rates of growth — according to the December Quarter Domain House Price Report. Weakening investor activity and tightened lending conditions continue to impact Sydney, and although it reported a slight increase over the December quarter, prices in the NSW capital are still lower than six months ago. …
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Business experts share their top tips for leading a successful business in 2018
businessDEPOT Managing Director, John Knight, said that if you want to lead a successful business, you must know your numbers. “The leaders of great real estate businesses focus on people first but, when it comes to the numbers, they focus on profits, not just sales,” he said. At this year’s Property Management Leadership Summit, John will share the key numbers he focuses on in a business, …
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Leadership summit empowers principals to reach the pinnacle of success
Hosted by ireviloution and businessDEPOT, the two-day summit is designed for principals, heads of department and BDMs who seek inspiration, leadership skills and real-life business examples to help them step up, lead their team, and profitably grow their business. ireviloution and PM Leadership Summit Founder Jo-Anne Oliveri said that this year’s event will inspire leaders to ‘reach the pinnacle’. “20 international and national industry thought leaders and business, …
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Christmas Comes Early for PropertyTree Customers
Rockend’s cloud-based property management system PropertyTree has welcomed three new enhancements set to simplify the work-lives of property managers. The first of these features is Invoice Genius, an intuitive tool that simultaneously automates the processing of creditor invoices, and eliminates the laborious task of manually entering these invoices. Beyond digitising invoices and automating workflows, Invoice Genius helps property managers work smarter by: Eliminating manual data entry errors as it reads the data directly from the barcode or QR code on the invoice, …
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REIV launches online petition to give landlords a voice
The REIV has launched an online petition calling on the Andrews’ Government to amend proposed changes to Victoria’s rental laws. The ‘Rentfair is Unfair’ petition will highlight the level of concern in the marketplace with reform of the Residential Tenancies Act set to remove important landlord rights, including the ability to consent to pets and to minor property modifications. Landlords will also find their right to end a tenancy further restricted. …
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Parliament passes new legislation on depreciation; could cause loss in investor deductions
Changes to depreciation legislation announced in the May 2017 Federal Budget and detailed in Treasury Laws Amendment (Housing Tax Integrity) Bill 2017, have been passed by the Parliament of Australia. The new legislation means owners of second-hand residential properties (where contracts are exchanged after 7:30pm on the 9th of May 2017) will be ineligible to claim depreciation on certain assets. BMT Tax Depreciation Chief Executive Officer, …
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Sarah Dawson joins Real+ as Head of Growth
Sarah Dawson has joined Real+ as Head of Growth bringing with her a wealth of knowledge and experience from her 20 years in the real estate industry. Sarah will be working in a senior capacity alongside Real+ CEO Fiona Blayney and General Manager Lauren Kirk and is responsible for the recruitment and outsourcing team and growing the business across the Real+ pillars. …
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Victorians respond positively to Andrews’ government announcement to improve tenant rights: Rent.com.au survey
A Rent.com.au survey has found that the Victorian government’s proposed changes to improve tenant rights are welcomed, but 85 per cent of renters still think landlords are ‘too powerful’. The Rent.com.au Changes to Victorian Tenancy Law Survey drew responses from Victorian-based renters and revealed that 81 per cent of renters feel the changes are ‘positive and long overdue’. The survey focused on what importance renters placed on proposed changes to tenancy law such as reducing the size of bonds and introducing long-term leases, …
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Console Partner with EziDebit for Rent Payments
According to Console research, around 30 per cent of property owners have reported issues with receiving rent on time – something Console Pay is able to remedy with ‘set and forget’ functionality for rental payments, either directly from a bank account or credit card, which is only possible through an integrated direct payment system. Real estate consumers compare their agency transactions to their broader experiences in the 21st century, …
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Andrews Government in Victoria promises to make renting ‘fairer’ for tenants
In a media release yesterday, the Andrews Labor Government has promised to make renting “fair” with “an unprecedented package of tenancy reforms” in response to a review of the State’s Residential Tenancies Act. Right now, more than one in four Victorians rent their home and that number is increasing as it becomes more difficult for Victorians to break into the housing market. …
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REINSW recognises top performers for 2017
Real estate’s outstanding performers have been recognised at the 2017 Real Estate Institute of New South Wales Awards for Excellence Gala Dinner. REINSW President John Cunningham said in its 20th year the award winners highlight the professional standards that the real estate industry is striving for. “The winners across 20 categories are paving the way as our commitment to professionalism grows stronger,” Mr Cunningham said. …
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Snug.com launches BondCover to free up rental bonds
Rental community platform startup Snug.com is launching its first feature, BondCover, a surety bond designed to transform the rental market by freeing up $4 billion worth of rental bonds. “With 2.5 million renters across Australia, it’s time to recognise good renting,” says Justin Butterworth, Founder of Snug. “The current cash bond system is completely outdated, and the resulting liquidity and opportunity cost for renters is astronomical,” Mr Butterworth said. …
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InspectSafe: Streamlining the inspection process
InspectSafe is the latest inspection management solution transforming the way residential property inspections are managed across Australia and New Zealand. It is an inspection app that provides essential personal safety features for property managers, whilst delivering peak efficiency and the real-time outcomes which property owners expect from professional management. InspectSafe captures key information from all trust systems and covers all types of inspections, …
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