Macquarie Bank releases Real Estate Benchmarking Report
13/01/10 12:17
Macquarie Bank has recently released their latest Real Estate Benchmarking Report. This report suggests that 88% of Agencies surveyed are still looking to build their property management businesses either by organically growing them, or through acquisition. They also note that there will be an increase in focus on property management by agencies with some uncertainty due to economic conditions in the sales market. They also suggest, based on these results, that there will be a great deal of attention paid by principals to everything from commission rates to properties managed per staff member and that as a whole the industry will become more competitive.
If you are thinking about growing your rent roll, acquiring a rent roll or even selling your rent roll, take a look at how offices using Agentplus have achieved these goals:
1. Growing your rent roll.
The report states that most property managers are able to manage between 101 - 150 properties. This is a highly arbitrary figure, because how many properties a person can manage depends, well, mostly on the person. It also depends on the sophistication of the systems and processes that are adhered to within the office itself. If your property managers were able to manage more properties (greater income) at the same cost, simple maths means you are now more profitable. Using Agentplus can allow property managers to manage more properties because all of the admin, receipting, trust accounting work is handled by the Agentplus System, your property managers can get on with the process of managing property, growing the rent roll and providing excellent customer service.
2. Acquiring a new rent roll.
If your growth strategy involves purchasing a new rent roll, then you need to put some thought into how you will manage the transition. Is your office able to scale in every way (admin, trust accounting, office space) to cater efficiently to increasing your business in large increments. Using Agentplus can allow you to scale easily again, because the admin, receipting, trust accounting work is handled by the system. Additional property management headcount may be the only additional resource required to manage your acquisition.
3. Selling your rent roll.
According to the survey, only 5% of offices are looking to sell their rent rolls. What is worth some thought here is the fact that well managed rent rolls are more valuable. With Agentplus you can provide detailed history (rent increases, arrears, maintenance, rent reviews, and many many more) that will all inherently add to the value of your rent roll.
To read the full Macquarie report online click here, to find out more about how Agentplus can help you face this highly competitive environment click here.
If you are thinking about growing your rent roll, acquiring a rent roll or even selling your rent roll, take a look at how offices using Agentplus have achieved these goals:
1. Growing your rent roll.
The report states that most property managers are able to manage between 101 - 150 properties. This is a highly arbitrary figure, because how many properties a person can manage depends, well, mostly on the person. It also depends on the sophistication of the systems and processes that are adhered to within the office itself. If your property managers were able to manage more properties (greater income) at the same cost, simple maths means you are now more profitable. Using Agentplus can allow property managers to manage more properties because all of the admin, receipting, trust accounting work is handled by the Agentplus System, your property managers can get on with the process of managing property, growing the rent roll and providing excellent customer service.
2. Acquiring a new rent roll.
If your growth strategy involves purchasing a new rent roll, then you need to put some thought into how you will manage the transition. Is your office able to scale in every way (admin, trust accounting, office space) to cater efficiently to increasing your business in large increments. Using Agentplus can allow you to scale easily again, because the admin, receipting, trust accounting work is handled by the system. Additional property management headcount may be the only additional resource required to manage your acquisition.
3. Selling your rent roll.
According to the survey, only 5% of offices are looking to sell their rent rolls. What is worth some thought here is the fact that well managed rent rolls are more valuable. With Agentplus you can provide detailed history (rent increases, arrears, maintenance, rent reviews, and many many more) that will all inherently add to the value of your rent roll.
To read the full Macquarie report online click here, to find out more about how Agentplus can help you face this highly competitive environment click here.