Thoughts on the Real Estate market and beyond.
It’s not just residential. It’s not just P cooks. It’s a fact of life (unfortunately) that there are ratbag tenants. Not many – but there are some.
Ultimately it is landlords who have to deal with tenants who mistreat premises, and are consistently late in paying. Agents may find the tenant,…
We have recently been refreshing our attitude with travels in the lush and green byways and narrow lanes of rural England. With ample time to ponder as we pedal two wheels, the concept has been to ride the countryside, staying off major roads as much as possible. With the aid of a GPS this has taken…
Well, perhaps not drag. But often golden geese can be well disguised. Sometimes the best opportunities are those which don’t necessarily look like the best opportunities.
One such opportunity is leasing. We know that leasing , particularly of smaller units, does not pay nearly as well for…
There certainly seems to be a tightening in availability of bank finance. The media would have us believe that this is primarily due to the Australian banks taking their capital back to Australia. But whatever the reason, anecdotally we are hearing of instances where banks have backed away from financing…
One of the topics we sometimes ponder in our leisure time is the future of many in the work force as technology renders increasing numbers of jobs obsolete. Artificial intelligence, algorithms and automation are replacing people in many areas. Whilst there may be new jobs created, many will require…
We have previously written about the role of the agent as an intermediary between vendor/landlord and purchaser/tenant. And we have also expressed how much we love to pay commissions – because paying commissions means we are doing deals.
And in this whole process, one of the aspects we hate…
We have recently experienced examples of confusion as to what exactly a “final inspection” prior to settlement of a sale/purchase of a property means.
So we thought we would clarify. And also set out what we believe to be the role of the agent in the “final inspection” process.
Firstly,…
There would be few who were not aware of the PR disaster recently that saw United Airlines at one stage lose $800 million in sharemarket value. Thanks to a cellphone camera and the internet, millions were able to see a passenger dragged kicking and screaming from a United flight.
There has…
When an agent tells me “ You will really love this building” I politely tell him to go back to selling residential.
Actually, I don’t. But that is what I am thinking. Because industrial real estate is not about emotions. And certainly not about romantic emotions.
Having the smell of freshly…
It applies in every industry. We don’t know what we could know. Or should know. Or need to know.
Ultimately we are all responsible for educating ourselves. But sometimes there needs to be a little guidance. Not just in knowing where to learn – but what to learn.
Expedio has been particularly…
The purchase of a product or service is not just about the product or the service. It’s also about the experience that is part of the purchase – both leading up to the purchase, and the transaction itself. Successful retailers are well aware how important the pre-purchase experience is. If they don’t…
Very often when we stop to analyse the market and it’s direction we focus on the external factors – the state of the economy, what the banks are doing, what suburban accountants are saying and the projected Fonterra payout. A major aspect that very often we totally by-pass is how well individual businesses…