Archive for the ‘Tips’ Category

SOCO REALTY shares the dangers for private investors

One of the most important decisions a landlord will make is whether to manage their rental property themselves or enlist the services of a professional property manager.

While DIY property management may sound easy enough, it can actually be quite complex and there are potential traps.

One of the biggest issues facing landlords is the legal implications as risk management is now an important part of property management. If … Read the full post »

Cheap vs Value for Money

Things to consider when choosing an agency to manage your property

Too often when I am asked for more details on our property management services, I am initially asked for our fee schedule. Yes this is definitely an important thing to check….but is it the MOST important thing to consider when choosing an agency ?? definitely not.

Cheap vs Best Value for Money ?

A cheap agency is one that has cheap fees … Read the full post »

What changes do we expect to see in the next 5 years ?

I am so excited about the changes ahead ! Have you noticed how much the world is changing with everything becoming online and cloud based? Just drop in to your local bank or Coles and you will see that there is an increase of self service machines and less staff….SO…can this be replicated within a real estate office ?? Yes I think it can ! but maybe not to the … Read the full post »

Renting your home in todays market ?

Property Management in Perth is currently in the middle of a touch market with properties having high vacancy rates and achieving lower then usual rents. A lot of properties that have previously been renting are experiencing a 10 – 20 % drop in rent when they come available for rent again in our local area. While we are fortunate enough to have our clients accept the market, I can’t help … Read the full post »

WA home owners are moving less frequently

New analysis from the Real Estate Institute of Western Australia indicates that Western Australians are moving house less frequently than they used to.

A comparison of figures between the periods of 1990-91 and 2013-14, showed that as dwelling stock across the state increased from 586,000 to 992,000, the average turnover time increased from 14 to 21 years.

REIWA President David Airey said this suggested that owners and … Read the full post »

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