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platinumrealtygroupadmin
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29 August 2014
Finding the right Property Manager is easy if you follow the steps below. For a decade and a half, we have assisted large numbers of investors to enter the property market as Investment in property is one of the most reliable forms of increasing your wealth. We provide an insight into current market conditions, capital growth and returns on investment.
As a property investor, you want to know that your property or properties are being managed by the right people. A team that can offer the right skills, knowledge and ethics that is required to do the job properly. That’s what we offer at Platinum, our team are all experienced, highly skilled property managers and have a long term history with our company. Our own Licensee is acting head of the department and carries on an active role in the property management department.
We have outlined a few key points for you to consider when choosing a managing agency for your investment property/properties.
Research: An important step toward the successful management of your Investment property is research – research of the company that you are considering engaging, the property managers and the properties available for rent in your area. You can gather a lot of useful information through the internet.
Appraisal: Here you have the opportunity to come together with your perspective agent without any obligation. This will assist in selecting the right property manager and determining the rental value of your property. At Platinum our property appraisals are no obligation and at no cost.
Selecting a property manager: Select a property manager that you are comfortable with and whom you can be confident in. A guide to a good property manager is to establish their level of experience, knowledge and level of involvement in managing your property. At Platinum the property manager that you choose will be the person looking after your property, who will keep you informed and will conduct all day-to-day affairs of your property.
Property Presentation & Statutory Requirement: Your property manager will advise you of the best way to present your property to maximise its potential to prospective tenants. You will be guided in relation to statutory requirement as a Landlord with regards to RCD’s, hardwired smoke alarms and insurance policies.
Marketing & Communication: It’s important to attract the right tenant to your property and to achieve that you need a good marketing plan with prominent online presence. A pro-active property manager with good company backing is the key to securing the right tenant for your property at the earliest possible date, with minimal vacancy period. At Platinum, we aim to secure the best tenant paying the highest rent in the shortest amount of time.
Tenant Selection & Application Process: Your agent will inform you when your property is scheduled for viewing by prospective tenants. You will then be notified when an application is received on your property. The property manager will process this application on your behalf, checking employment, rental references including previous tenancies (if any), and discuss with you in detail.
A Platinum property manager will provide a range of ‘personalised’ services that include but are not limited to the following…
Initiate a marketing strategy for your property
• Personally be involved in screening and selecting tenants
• Provide a detailed brief on all applicants and advice on approving the successful applicant.
• Preparation of required documentation and orders of things such as special water reads.
• Receiving rents and issue receipts
• Carrying our regular routine property inspections, first after 6 weeks.
• Arranging for repairs and maintenance to the property if required.
• Paying of accounts such as water services and council rates
• Processing any insurance claims that may arise
• Exercising the owners/tenants’ rights to terminate leases and tenancies
• Re-letting the property at the end of each tenancy in the event of a vacancy
• Preparing and checking the property’s inventory if required
• Doing all such lawful things as may be directed by the owner in writing from time to time
• Professionally and accurately reporting on the condition of the property at the inception, during and at the end of each tenancy
When you engage Platinum Property Management, you engage our total commitment. We are committed to delivering a six star real estate experience, through consistency in staff, a high level of communication with our clients and through working in your best interest at all times.
John Kemsley – Managing Director
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19 August 2014
At Platinum Realty Group we understand that whether it is your first home, you are upsizing, downsizing or investing, buying a property is an exciting time and often one of the most financially important decisions you will ever make. With that in mind please take note of the following tips.
- If you will need to borrow money to finance your purchase, it will pay you to speak with your financier to arrange the best loan to suit your needs.
- Prepare a short list of preferred areas that will not only fit into your budget but will provide you with the lifestyle and facilities that you are looking for. Take into consideration schools, shops, proximity to the coast and location.
- Research sales in your preferred areas using the internet and press advertisements to gain a better idea of property values. (Platinum Realty Group can assist) and you can check our out current listings here
- Come along and meet a Platinum Agent, who specialises in your preferred area. Our agents have a wealth of knowledge and will e able to offer additional advice and also alert you to new listings before they even reach the media.
- When you find a property that suits your needs and you are ready to purchase, your agent will prepare a written contract on your behalf to present to the Sellers. A Platinum Agent will advise you on what clauses you may want to place in the offer to protect your interests.
- It is always a good idea that you nominate a building and pest inspection for the property along with a number of other clauses including but not limited to swimming pools, smoke detectors and RCD safety switches. These clauses will be explained to you by your Platinum Agent and will then form a part of the contract.
- Your agent will then present your Offer to the Sellers who will either accept your offer or seek further negotiation with you. Once negotiations have been finalised, you will be required to sign a sale contract and pay a deposit. Your deposit will be held in trust account until settlement, where it will then form part of the payment for the property. Also at this time a Settlement Agent is nominated to act on your behalf at settlement.
- A week before the settlement of your property a pre-settlement inspection will be arranged by your agent. You will be invited to go through the property with your agent and test all gas, electrical and plumbing appliances to ensure that you are satisfied that they are in working order. A Platinum Agent will assist you here.
- On settlement day, your settlement agent will ensure a successful transfer on your behalf.
A meeting is arranged with your Platinum Agent to hand over keys and all other required items that may be required for the property.
Most importantly you can rely on a Platinum Agent to guide you through every step of the way.
Kind Regards
John Kemsley
– Managing Director
, Platinum Realty Group
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19 August 2014
Platinum Realty Group are selling property through television exposure – that’s right your property on TV and, it works!
For the past few years we have been able to offer our clients the option of promoting their properties through television. Now I’m guessing the first thing that comes to mind is the “cost” and yes it does cost money but not a fraction of what you would expect.
Through negotiation and forming a tight relationship with the shows owners and producers Platinum Realty Group has been fortunate enough to secure some incredible discounts on the cost of production and filming, so rest assured the costs is a fraction of what you would expect. The show is hosted by well know comedian Peter Rowsthorne and scheduled to air on channel 7 at 4pm on Sundays directly following the footy, so a great time slot.
We’ve had incredible success with television promotions, Peter is a great guy to work with and helps to sell the product through highlighting the features, Peter has an ability to remember features and benefits of a property and is a real professional to work with. The production team too is a joy to work with.
If you want to sell your house via TV – this is how it works…
- We book a time and date with the client for the film crew to arrive at the property
- On the day we have a Producer, Presenter, Camera person, sound and lighting crew and the Platinum team who all play a role in promoting the property
- The segment is then sent of for editing
- We go to air approximately one week later
Below are a couple of clips of our finished products; presented by Peter Rowsthore and Caroline Turner..
https://www.youtube.com/watch?v=AQZqxZR4bcc
https://www.youtube.com/watch?v=bg-gtMHA34M
Written by
John Kemsley – Managing Director
Platinum Realty Group
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19 August 2014
The power of Facebook and Social Media in Real Estate!
If you haven’t already, you must check out Platinum’s facebook pages. They are full of good information and a lot of fun to go with it.
Here are the three pages that we offer and what there all about…
Platinum Realty group
Our corporate page offering a current affairs – motivational material – Hints and tips – suburb information – Platinum Television appearances and much much more. Here’s the link, go ahead and like to be kept up to date. Click here to visit our page
Platinum Property News
On this page we showcase all of our company listings. You’ll be kept up to date with new properties coming to the market often before they hit the net. We cover all properties for sale and for rent and attach a link back to the web, so if you are interested in looking further, all of the information is only a click away. Go ahead and check it out, you might just find your next home or investment. Click here to visit our page
John Kemsley at Platinum Realty Group
This page is from the desk of the Principal and covers a combination of the above. Click here to visit our page
So if you want to be up to date with real estate news through the world of facebook, then click on the links above – like the page and your done!! Plus did we mention that we have heaps of giveaways and fun too!
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19 August 2014
About one out of every four households in Western Australia is a rental property, representing approximately 200,000 dwellings.
The proportion of renters has been reasonably steady at around 28 per cent of all households for over a decade, although there is a change occurring in the mix of private and public housing tenants with the proportion of private sector tenants growing.
Most rental properties are located in the inner suburbs. For example, over 75 per ce
nt of all metropolitan rental properties are located within a 15 kilometre radius of the CBD.
Suburbs with the highest concentration include East Perth, Karawarra, West Perth, Northbridge, Highgate, Bentley, Glendalough and Victoria Park. Rental properties can account for up to 70 per cent of all dwellings in these areas.
Surprisingly, most tenants live in houses and not flats or units. Census result continue to show that up to 60 per cent of tenants live in traditional houses, although it’s true that around half of all strata dwellings exist as rental properties.
In WA the most common age group for renters is between 20 and 34. Typically, these are people in transition to home ownership. Not surprisingly then, the most common home ownership and buying age group is around 34 to 44.
Most tenants prefer a short lease, with the more common lease being six months.
Tenants clearly like the flexibility of a short lease, however more than half of all such leases are renewed for a further six months when the initial lease expires.
The median rent for accommodation in Perth is now $450 per week if you include units, apartments, villas and houses in the equation. Houses alone are generally higher with a median of around $460 per week.
Darwin remains the most expensive capital with houses renting for around $650 per week, while Canberra and Sydney are similar to Perth at around $450. Adelaide is the cheapest at $330 per week.
The average rent for three bedroom homes across all eight capitals is around $405 per week. Seen in this context, Perth is about 15 per cent above the overall Australian rental average for a house.
However, rents in Perth have been slowly coming down since 2013 with the median weekly rent dropping $25 from $475 around this time last year.
This is due to a slow-down in population growth but also from large numbers of renters having taken advantage of very low interest rates to buy a home of their own, enabling them to leave the rental system.
This in turn freed up more properties for rent and is a key reason why Perth’s current vacancy rate is now a third higher than average, sitting at 4 per cent or 5,600 properties.
Platinum has a range of available rentals – check out our latest rentals here
Source: REIWA
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18 August 2014
Selling a property is usually one of the major financial decisions that we make in life. Whether you are selling for the first time or are a seasoned investor, the following tips on selling your property should help.
- Research: Do some research. Go online to any of the major Real Estate websites including www.platinumrealtygroup.com.au and compare properties that are both for sale and sold. It’s also a good idea to attend some home opens in your area. This will give you a better idea of what your property may be worth by giving you a price range to work with.
- Appraisals: Arrange for an agency that works in your area to come out and appraise your property. Platinum Realty Group has agents in all areas and provides a complimentary market appraisal service. Your agent will provide you with a good understanding of prices in your area and the current market conditions.
- Choose your agency: When selecting an agent, you are looking for someone that has a proven track record in your area; an agent that has the right skills, area knowledge and marketing backup. All Platinum agents will provide you with the latest most up to date marketing techniques.
- Presentation: First impressions count when selling a property. Remember, you and your agent are in competition with other properties on the market at the same time. Your agent will give some advice on how to best present your property to achieve the best results.
- Promotion: It is important that your property has the best promotion behind it. There is a saying, “You can’t sell a secret.” The right marketing campaign will bring more buyers to your property resulting in offers. Platinum marketing has proven to be successful over many years.
- Relationship: It is important that you have a good working relationship with your agent and are kept informed every step of the way. At Platinum, it is our policy to work with you and in your best interests at all times. This will ensure the best outcome for you every time.
- Offer:Your agent will present you with all offers. They will run through all aspects of the offer with you including clauses and attached annexures, so that you are best informed to make your decision. Your agent will be there to guide you and offer advice every step of the way.
- Acceptance: Once you have accepted your offer, you will nominate a settlement agent to act for you through the settlement process. Platinum can also assist you in recommending suitable settlement agents.
- Prior to settlement: Now is the time to think about the move: changing your electricity, gas, telephone, internet etc and arranging a removalist. Platinum can arrange all of your services for you at no cost and also assist with removalists.
- Settlement: On settlement you usually meet with your agent to hand over keys. Your settlement agent will ensure a smooth transfer of land and funds. It is a busy time but remember to update all your insurance policies.
Most importantly you can rely on a Platinum Agent to guide you through the whole process: It is part of our six star service.
Kind Regards
John Kemsley – Managing Director, Platinum Realty Group
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