Property Professionals, what advantages will you be taking into 2023? What will you do this year that will progress you further than the years before? In the spirit of the new year, we’ve rounded up our top tips for driving you forward in property.
The last few years have been a lot to process. Like re-entering some post-apocalyptic world, we’ve emerged from our bunkers dazed, yet cautiously optimistic that the zombies have in face been defeated.
Now we’re expected to…socialise?
Networking is one of the many superpowers of a good agent or property professional, so it’s important to get back out there. One of the biggest drawbacks of social media is that it’s not so social. Liking and commenting on pics is fine, but nothing cements relationships like face-to-face conversation.
If you’re not sure where to start, property events are a great way to meet like-minded professionals. Pull out your calendar, get online and start locking in those events. If you’re nervous, take comfort in knowing that people are there to mingle even if it’s a little awkward at first. I remember going to shake someone’s hand a year after lockdowns had finished while they reached out for an elbow bump and we ended up linking arms. And you know what happened? We laughed about forgetting how to adult and it spurred a great conversation.
Get out there, get amongst it and build your network.
Property owners will often hold off talking to a professional about their property because of their financial situation. It’s understandable. Advertising a property is expensive, as are pre-sale renovations. If your client can’t afford either, they’ll be apprehensive about reaching out to an agent about selling.
Imagine being able to offer your clients a funding solution for advertising?
Switched on sellers know it costs money to prepare a property for market if they are to achieve the best result possible. So adding value to their home with a few pre-sale improvements is a no brainer. What if you could offer them a funding solution that increases the saleability of a property, making your job easier?
Stand out from your competitors by offering creative funding solutions for your clients.
Managing finances is one of the biggest headaches property professionals face.
Agents work hard for their sales, only for settlements to be delayed at the eleventh hour. Since agents get paid upon settlement, any delays mean a delay in income.
Streamlining cashflow for ongoing bills and expenses means more time focused on getting the next listing or even funding agency growth. Advanced commission simply enables agents and agencies to control when they get paid so they can better manage their finances. Major franchise agencies utilise this service — it’s an excellent tool for boosting business cash flow.
Likewise, if you secure a 90-day minimum exclusive sales agreement you can access funds early. Selling property takes time, so this is just another way of streamlining personal or business cashflow by accessing your income early.
If you’re an investment property manager, you’ll know the stress of balancing bills and mediating between tenants and landlords. Simply share Property Credit with your landlord and let us take care of the rest with a one-time facility setup that lets you access up to $15,000 to draw on, whenever it’s needed. Set up repayments to work with rental income and better smooth cashflow.
This article is for general information purposes only and is not intended as financial product advice. Consider seeking independent financial advice that relates to your individual circumstances.