When we say we manage strata differently, we mean it. And here’s the proof. We recently took over as Strata Managers for a 54-unit complex. From day one, our team started reviewing every aspect of the building’s financials to identify unnecessary spend and opportunities to reduce costs without sacrificing service quality. The Problem: High Gas Costs in a Bulk-Metered Building One of the first...
How to Change Your Strata Manager (Even If You're Stuck in a Contract)Are you frustrated with your current strata manager but feel stuck in a long-term agreement?You're not alone. We speak with owners and Councils across WA facing the same issue: they're locked into strata contracts while dealing with poor communication, lack of action, and rising costs.The good news? You can change your strata manager...
After four years of record-breaking rental growth, investors and landlords are now moving into a period of consolidation. Industry research CoreLogic says its latest rental data shows rents grew 0.1% in July – the smallest increase since 2020. Over the previous 12 months, rents increased by 7.8%, which is still substantially above the rate of inflation (2.7%), providing an excellent...
One of the most common questions I am asked is how to best increase the value of a property, with limited budget. Being rather thrifty by nature, I take great pride in getting maximum bang for buck. Here are the most cost-effective ways to get a maximum return in no particular order. Painting From around $3,000 a fresh coat of paint will transform a tired or dated property. Neutral colour...
With values rising across many key markets, anyone who has harboured ambitions of creating their own property investment portfolio should consider whether there's an opportunity to make their move in the short term. A recent analysis from the industry researcher CoreLogic found 43% of suburbs nationwide now have values at all-time highs. When you combine all the suburbs of our state capitals, that...
Creating wealth for later in life is a goal most of us embrace and spend our entire working lives trying to accomplish. And for the vast majority, property investment is a huge component of their strategies. Many young people today feel the idea of owning property is beyond their reach. However, there are strategies to conquer the challenge of affordability, such as becoming a “rentvestor” –...
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