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When and why an agent might have to act in the tenant’s interest

May 25, 2020Cameron Micallef

It is common knowledge that agents should act in the best interest of landlords. However, COVID-19 has thrown a spanner into the mix, a government statement has explained. ...

REB_top100agents
top 10 agents

1

Alexander Phillips

Year of Experience: 20

Support Staff: 3

Residential Properties Sold: 215

Total Value of Residential Properties Sold:

$ 522,477,791

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Have you experienced sexual harassment or bullying in the workplace?

Yes, I've been the victim of sexual harassment (15.8%)
Yes, I've been the victim of workplace bullying (21.1%)
No (63.2%)

Total votes: 19
The voting for this poll has ended on: April 30, 2020
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It seems like there has been a huge change of sentiment in the last month as a confluence of factors has come together t ...

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Ray White Balmain sales dynamo Megan Smith has sold one of the most expensive houses in Australia this year, with the pr ...

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Property managers in Victoria should advise caution to home owners, after a stern warning was issued about regulations s ...

Rolf Howard reb Will recent changes to tenancy laws tip the scales ...

The Australian rental market has long been considered by many commentators to favour the landlord over the tenant. Unlik ...

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New research has highlighted the “large discrepancy” between the average state loan and median house price in capita ...

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EVENTS
REBAWARDS Listready
Real Estate Business Awards 2020

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

Read more
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Why Excel could be bad for business

18 May 2015 Emma Shean

Oh, Excel. Look at you with your hundreds of columns and fancy mathematical equations. Why do you look so professional when really you’re making property managers' lives hell?

It’s because Excel was not made for trust accounting. In fact, it’s probably costing you time and increasing your stress-related computer rage. You might justify using spreadsheets because you only have a small rent roll, or because it’s what your predecessors used, or because you think that using software would be costly and just not worth it. So why is Excel so bad for your business? 

Excel is not an intuitive system                                                                                                 

While it’s great for manually typing data into tiny rectangles, spreadsheets are not made for automatically generating invoices that you can print or email your tenants, owners or suppliers. Due to the lack of a central database with multiple components, you enter your data into one spreadsheet, then in another for tenant records, then another for receipt records etc. Talk about triple handling! So while it’s easy to create a spreadsheet, trying to actually turn it into a fully operational trust accounting tool is not (unless you’re some spreadsheet master). 

Your audit trail is a mess

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If multiple people are accessing different spreadsheets, you are unable to track who has made changes, if data has been deleted, or if anyone is shifting numbers around. Worse thing is, if you save your work on your computer and it crashes, you’re more than likely to crash out of horror as well. 

Using spreadsheets for tasks that they weren't built for is a long and windy path to go down. We live in a time where there are simple online tools that can help with correctly managing your trust account which cost less than $2 a day (that’s less than a coffee made by your local hipster with facial hair thicker than Santa’s). Tools that after the click of your mouse, can disburse multiple contacts, store all your data securely online, track who has made changes to your data and generate comprehensive reports. So it’s up to you. Will you continue to waste hours managing data with spreadsheets, or join the online property management software gang? 

 

Why Excel could be bad for business
EmmaShean
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Emma Shean

Emma Shean

Emma Shean is part of the PropertyMe team, a new online trust accounting app for property managers. After completing her communications degree, Emma worked across many large consumer and real estate companies before heading off to London to work with the Federation of Master Builders. Since returning to the sunny shores of Sydney, Emma has found her place in the exciting start-up culture of PropertyMe, where simplicity and the latest technology are vital to ensure the ease of managing a trust account, suppliers, tenants and owners within the app. 

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Listen to other installment of the Real Estate Business Podcast

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of REB.

Read more
Do you have an industry update?
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