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To achieve the best outcome for your clients, it’s important to stay on top of trends, educate yourself on the neighbourhoods where you’re showing houses and support potential tenants as they navigate this highly competitive environment. According to the Domain 2021 Rental Report, rental prices in Brisbane, Perth and Canberra increased by over 10% YOY in 2021 alone. Whether you’re new to the real estate industry or are looking to upskill or reskill into property management, the industry has changed a lot – most notably in the last few years. Some extra pre-planning and multi-tasking can go a long way to saving you time and creating a smooth experience for your clients. If you’re on the road doing open houses or routine inspections, consider using this time to catch up on client calls, or before scheduling open houses for the week, pre-plan your route and schedule houses in close proximity to reduce driving time. To stay ahead of the game, and on top of your workload - especially during busy periods - multi-tasking can come in very useful. You’ve probably caught on by now that Property Management is fast-paced. That means more than 100 people! Keep in mind that this number could vary depending on where you are working, the technology available and support staff but regardless of the size of your rental roll, organisation is essential to prioritise the needs of your clients and excel in your new role.
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According to Real Estate Dynamic, the average Property Manager looks after 100 properties. As a Property Manager, you will be responsible for a lengthy rental roll and you’ll need to be savvy at spreadsheets or well-versed at project management tools to stay on top of your tasks. If you’re not an Excel person, it might be time to learn. Clear, concise communication can save you time and keep your clients informed and, most importantly, happy! During times of crisis, this is especially important, as you could be required to process a number of maintenance requests and need to prioritise these according to the urgency of each situation. On a daily basis, you will be communicating with tenants, landlords and tradespeople to name a few. It probably comes as no surprise that communication is a highly sought after skill among property managers. To help you navigate the real estate market and stand out in this competitive but highly rewarding industry, here are our five tips to excel as a Property Manager. And with the ever-changing real estate market, skyrocketing house prices and looming rental shortages in popular suburbs, developing the right skill set to excel is key. From showing open houses and managing rental applications to maintenance requests, lease renewals and routine inspections, no two days are ever the same. While that may sound relatively simple on paper, there is a lot that goes on behind the scenes to match tenants with the right home. A Property Manager is responsible for maintaining a profitable rental roll.
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