A rent roll exchange involves what’s known as a ‘retention’ period. This is the months after completion and before the price is finalised (settlement). This is one part of a rent roll transaction where the details really matter.
Overlooking the correct way to process assignment letters or failing to have them issued within the required timeframe means your rent roll is potentially at risk of being voided.
Whether you are doing it to free up cash, change direction or prepare to exit your business, selling a rent roll is a big milestone for your agency. Make sure you’re not making costly mistakes.
The early efforts you and your legal team put in to create a term sheet or Heads of Agreement will help to ensure a smoother rent roll exchange.
2025 will be the year for rent roll acquisitions as forward-thinking agency owners take advantage of the opportunities presented by the shifting market.
The property management industry in Melbourne has had a tough few years. Incoming and proposed legislation has increased administrative task requirements for property managers which has directly impacted profits.
The property market has always been a roller coaster and while it’s impossible to predict the future with 100% accuracy, there are economic trends and policy updates which are likely to influence the market over the next 12 months.
Victorian rental property owners will need specific reasons to ask their renters to move out as part of proposed rental property law reforms.
Victoria is set to implement an additional levy for the owners of short-term rental properties leased. This change may affect local rental property trends.
A rent roll exchange can take months, but it will drag out far longer than necessary if the vendor isn’t well-prepared going into the process. What’s more, a lack of preparation can lead to a deal falling apart in the later stages, which is frustrating for everyone involved.
A rent roll exchange is more like selling a business than a house. The process can take several months because of the steps and due diligence required.
A set of proposed updates to rental property rules recently introduced by the State Government may mean Victoria’s rental property owners are in for another steep change.
At a time when rental properties are already scarce, it is concerning as a property industry professional to hear reports saying investors are leaving the Victorian market.
It’s ironic to question whether or not a business focused on the exchange of bricks and mortar really needs to have a shopfront but the world is changing fast.
If you are committed to the property management side of your business, you may be wondering whether you can fill the gaps in your team with offshore workers. This is definitely possible if you have a realistic understanding of how to make this strategy work.
Your property management agency’s culture will define the way your staff communicate and relate to each other, and your clients.
Property managers, rental property owners and renters watched with interest this year as the Victorian Government decided whether or not to implement a rental cap and rental freeze policy.
Here’s what Australia can learn from European cities when it comes to urban living, sustainability and housing accessibility.
If you have heard of ‘rent to buy’ for houses, you may be wondering how it works - and how it affects anyone who owns a rent roll.
Your rent roll helps ensure steady income for your real estate business, so it is important to take care of it and keep it in the best of ‘health’.
Property purchasing laws are updated regularly and stamp duty is set to change for commercial property in Victoria in 2024. Find out what’s different.
New rental laws now apply in Victoria. The Residential Tenancies Act 1997 for Victoria changed on 29 March 2021 and now a year has passed, it’s hard to make excuses for failing to align with them.
The property market has changed again in 2023, leaving fewer investors in the market. Take a look at what this means for property managers. 2023 is proving to be an interesting year when it comes to property investment as there has been a slowdown for a few different reasons.
Can your skills as a property manager transfer to the country? It depends on where you go and what your goals are. As a real estate agent and/or property manager in Australia, you may be looking to the regions for a tree-change of your own or the opportunity to expand your business.
Is 2023 the year when you sell all or some of your rent roll? Here’s how to facilitate a smooth transition to the next phase of your agency ownership journey. 2023 is a good time for a rent roll exchange as agents examine where their business has the potential to be most profitable.
Selling a rent roll is one way to access a rapid injection of cash or take your real estate agency in a good direction. However, to ensure you sell for the right price, you need to be aware of what buyers are looking for.
