Property Management

13 real estate agent tax deductions to remember in 2020

Last Updated on July 27, 2020 Tax time can be stressful, even for the most organised of us. But if you work in real estate, there are plenty of opportunities to take out the sting with a tax return full of clever deductions. Before we get started… To claim a tax deduction for a work-related…

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Picking a real estate podcast to listen to in 2020

Last Updated on July 27, 2020 If you don’t listen to podcasts regularly, there’s a good chance that someone you know does. In fact, according to Deloitte, 1.6 million Australians now regularly download podcasts, with the market set to generate almost $50 million in revenue by the end of 2020. And while the majority of…

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Top 10 property management skills and qualities

Last Updated on July 27, 2020 The days of property management simply being a case of finding tenants, collecting rent, and performing inspections are well and truly over, if they ever really existed at all. The modern property manager now wears more hats—and requires more skills—than ever. New to property management, brushing up for that…

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Console Cloud infographic: a year of upgrades

Console Cloud saves you 1.5 months of time every year

Last Updated on July 27, 2020 Leaps and bounds Console Cloud has had a big impact on how efficiently real estate and property management agencies have been operating this year. Our Console Cloud usage data shows that on average, agencies are saving 1.5 months per year, every year. This is just on day-to-day property management…

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Insights Plus sets new standard in real estate business intelligence

Last Updated on July 27, 2020 Traditional reporting vs business intelligence Reporting is an essential part of a successful business culture. Looking back on performance and identifying what worked and what didn’t is at the heart of how agencies refine their strategies. After all, it’s hard to know if you’re growing (or shrinking) as a…

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Owner Statements get an overhaul

Owner statements get an overhaul header image

Last Updated on July 27, 2020 Owner statements got an overhaul this year. Last month we were all about inspections. This month, we’re kicking it up a notch by releasing a long list of improvements to owner statements. So without further ado, let’s get into the gritty details. Here’s what we’ve changed: 1. Consolidated owner…

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A simple guide to cash vs accrual accounting

Last Updated on July 27, 2020 Not all accountants are property managers, but all property managers are trust accountants—at least some of the time. Managing money is a key part of the job, so it’s important to have a grasp of the basics. And that includes knowing the difference between cash basis and accrual accounting. …

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Why it’s time to move to a cloud-based property management system

Last Updated on July 27, 2020 Across Australia, thousands of agencies are making the move to cloud-based property management software. And they’re not alone. In fact, according to the ABS, the number of Australian businesses harnessing cloud computing jumped from 31% in 2015-16 to 42% in 2017-18, with businesses of 200 or more employees being…

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Understanding Trust Accounts

Last Updated on July 27, 2020 A real estate trust account is one of the most important legal and financial parts of any property management business. But for many principals and property managers, they’re also one of the most frequent sources of confusion and stress. This is particularly true for new entrants into the industry,…

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