Viewing by month: February 2015

Three questions to ask yourself about your time management

As the year in real estate moves into full speed, it’s possible that your to-do list might already be getting out of hand. Tasks may be starting to building up, and your ability to manage time effectively may be spinning out of control.

Below are three questions that could help you think objectively about your time management.

1. Are you managing effectively?

An effective plan needs to be utilised easily. If you are used to a diary, but use your smartphone for planning, chances are that the plan isn’t going to work out. Use a method that you are familiar with and enjoy. Consider spending some time at the beginning of the year, month, week, and day in order to set yourself goals in those time periods. Keeping track of priorities is also vital, but leave room in your plan to adjust what you need to do in order to get the most important things done.

2. Do you say “no” often enough?

Sometimes time management is poor simply because there are too many things vying for your attention. It can be tempting to take on too many work or social activities, and this can end up causing trouble. Saying no to some invites might be necessary in order to make sure that other tasks and activities are completed.

3. Do you just wait for time management to happen naturally?

Time management will not occur on its own, it requires discipline and practice. Counter this by being proactive - don’t wait for the right moment to come, in which you will automatically become great at time management. If you don’t already manage your time effectively, you could sit down, and start a plan. The time that you spend planning could save you from missed deadlines, countless hours of procrastination and many unproductive days.


0 comments | Posted by Reality Bytes - Real Estate Training Blog on 25/02/2015 at 12:00 AM | Categories:

Three tips to enjoy the outdoors at home

 

Enjoying the outdoors is at the top of many people’s list of priorities. Unfortunately, we don’t always have the time to head off for a day at the beach, bushwalking or camping out. However, enjoying the outdoors from the comfort of your own home can easily be achieved by taking a few simple steps to ensure you have a practical and pleasant outdoor living space.

Below are three tips to help you create an ideal outdoor living area at home.

1. Use the right furniture.

Every home is unique. This means it’s a good idea to use outdoor furniture that fits in with the décor of the rest of your home. If this can be done, a feeling of continuity between inside and outside living areas can be created. It’s also important to choose furniture that is appropriate for the setting. Heavy furniture can be well-suited to balconies, as this may reduce the chance of wind affecting the furniture. Dining tables and sun lounges, on the other hand, are great for those larger areas, while lighter style furniture can work well in an area that is guarded from wind and storms.

2. Protection yourself from the elements.

It’s possible that too much sun, wind or rain is what is keeping you from spending more time outside. However, it is possible to escape these elements while still enjoying time spent outside. There are a great number of options ranging from simple deck umbrellas, to permanently constructed sails which protect you from the sun. If you want to really invest, you can even look at remodelling your backyard or landscaping to make best use of the space you have. If you do choose to remodel, you may wish to keep in mind the different ways you can style the area to protect yourself from the weather.

3. Maintain your furniture.

Well maintained, clean furniture can really enhance your outdoor living area. Re-oiling timber every three to six months will mean that mould and dirt will be kept at bay, and will also aid in protection from the sun’s UV radiation. Metal furniture should be washed every six months with soapy water, while powder-coated metal furniture should be kept away from grass and dirt in order to avoid corrosion.


0 comments | Posted by Reality Bytes - Real Estate Training Blog on 18/02/2015 at 12:00 AM | Categories:

What do tenants want?

Investors cannot afford to be complacent about the condition of their properties because, if no one is willing to pay rent for a property, they will end up in trouble. 

With the rental tide turning in favour of tenants it is important to consider what tenants want from a property. 

 

The best way to keep a tenant in your property and paying rent is to make sure that they have nothing to complain about. 

According to property industry veteran Margaret Lomas, there are a number of simple ways to keep existing tenants happy. 

 

"What usually sends a tenant looking elsewhere is when there are repairs or desperate renovations which are left unattended, and they feel they might as well pay the same elsewhere for a property in better order." 

"Might as well pay the same elsewhere for a property in better order." 

 

Her top tips for keeping a tenant long-term are: 

- Ensure your property is well maintained 

- Have a good property manager who has the relationship so you can avoid any confrontations 

- Increase rents when the market moves, but only if your property is competitive 

- Attend to repairs and maintenance as quickly as possible 

- From time to time, carry out a repair or renovation just before it's needed to improve the tenant's lifestyle 

- It is also a good idea to update any furnishings provided every couple of years and to keep carpets and interiors professionally cleaned. 

 

However, if you are a new landlord, or your tenant has moved out, there are a number of ways to attract the right occupant. 

Working out who your property best suits and creating the perfect setting to attract that type of tenant could save you the cost of having an empty property. 

 

To do this, consider: 

- What kind of tenants would want to live in the property 

- Whether it is best suited to a family - ie: is it in a family oriented area 

- Whether it is in the CBD 

- Whether it is best suited to an executive or professional couple 

- Whether it is best suited for students - ie: is it near a university 

- Would it be better suited for single room accommodation 

 

Once you have matched your property to a tenant type, carry out small but targeted upgrades to make your property irresistible to that tenant type. 

 

If your property is best suited to a family: 

- Add an air-conditioner or ceiling fans 

- Update the garden and yard 

- Include a washer and dryer 

- Make sure the bathroom has exhaust fan, towel racks and hooks 

- Ensure the yard is fenced and safe 

- Allow pets 

- Get the property - including carpets - professionally cleaned before the open house 

 

If your property is best suited to an executive or professional couple: 

- Add a touch of luxury by adding modern light fixtures and hanging deluxe curtains or blinds 

- Add stainless steel appliances in the kitchen 

- Install a dishwasher 

- Repaint the walls if they look dull or uninviting 

- Get the property decorated for the open house 

- Ensure the property smells inviting with flowers or scented items 

 

If your property is best suited for a student or single room accommodation: 

- Offer to provide the room or property furnished 

- If not, then add a bed and desk 

- Add microwave and sandwich press for quick meals 

- Offer first week free 

- Make sure your property has a high-speed Internet connection 

- Add a couple of extra power points in each room 


0 comments | Posted by Reality Bytes - Real Estate Training Blog on 03/02/2015 at 10:59 AM | Categories: