A real estate business can be quickly taken to the next level with the acquisition of a rent roll. This gives you instant access to ongoing management fees and allows you to build relationships with potential future buyers and investors.
Updating an older strata building
It makes sense to upgrade an older building to improve the value for residents. These five tips will have a complex looking more 2020 than 1990.
With so many new developments being flung up around our capital cities (and beyond), it can be difficult for older strata complexes to compete when it comes to attracting buyers and tenants.
Retrofitting soundproofing - is it worth it?
Should you go down the path of retrofitting soundproofing to your strata complex?
At one time or other during our property journeys, most of us have lived underneath a floor-board owning, high-heel wearing professional, adjacent to a kid learning the trumpet or directly above the party-house from hell. Without good soundproofing, these can make living very uncomfortable.
Smart Contracts - what they are and how they will affect your rent roll
Blockchain is the latest technology buzzword. While many associate it with Bitcoin and cryptocurrency, the potential of the blockchain and smart contracts is being realised across many different industries from finance to the food-chain. For the real estate industry, the concept of a smart-contract, could be revolutionary, and for those opposed to change, not in a good way. Smart Contracts 101 The majority of contracts are paper based and filled in by hand or on a computer.
How to value a strata roll
Managing strata rolls can be a great strategy to generate revenue and improve the value of your real estate business. Where a rent roll covers the leased apartments or homes you manage, your strata roll covers the management of entire apartment blocks, i.e. a Strata Plan. Your strata roll may include a mix of bijou buildings with only 12 units, medium size blocks and larger complexes with up to 200 apartments and car spaces. Managing a strata plan is a lot of work. The role includes organising garden maintenance, external cleaning and repairs in common areas.