Rent Roll Starter Tip #6
Manage your email time. This tip isn’t just for when you start your own Rent Roll, you can use this tip in any area of business really. It’s so easy for your emails to distract you from other tasks and…
Should I discount my fees to get my Rent Roll started?
My answer to this question is always NO! So, let me explain why: The fees you charge your landlord clients are basically what your Rent Roll sale price is calculated on. If you discount these fees, you’re basically planning to…
Rent Roll Starter Tip #5
Did you know you have to lodge all your tenants’ bonds with your local bond authority? You can’t keep it in your trust account! In NSW, agents have 10 days from the end of month to lodge the bond and…
Rent Roll Starter Tip #4
Remember to do letter boxing for your Rent Roll too! You can use the same style flyers you use in your Sales department – Just Listed and Just Leased are great flyers to drop in the local neighbourhood to let…
Rent Roll Starter Tip #4
Bring air freshener wherever you go! Often, the properties we go into have been locked up for a considerable period of time, so a spritz of (nice smelling) air freshener can be just the thing you need! For more information…
Where do I put a Tenant’s Bond?
When you first start your own Rent Roll, you’ll be taking money from tenants to pay their bond. It’s really important that you know where to put this money so you don’t get into trouble at your annual trust account…
Rent Roll Starter Tip #3
The clients on your Rent Roll are much longer term clients than your selling clients. You might be dealing with them as active clients for many years to come. Remember this whenever you interact with them. Ask yourself: “Am I…
What Time of Day Should I Show a Rental Property?
If you’re a salesperson, you may not have ever considered asking yourself this question. But if you’ve just started a rent roll, it’s time to start asking it. In rentals, much more than in sales, you’ll come across times when…
Rent Roll Starter Tip #2
When you list a new Rental Property to manage, remember to get your Management Agency Agreement completed in full! Don’t leave anything blank or you could have problems at your annual audit! For more information on starting your own Rent…
Why is a Rent Roll so Valuable?
Having your own Rent Roll is great because it provides benefits like these: A saleable asset – once you’re ready to end your real estate career, you can sell your Rent Roll to another agency in town. Consistent monthly income…