As a real estate investor, you face a variety of challenges every day. Maintenance, repairs, rent collection and – perhaps most importantly – ensuring positive relationships between landlords and tenants can be a daunting task. Whether you choose to pay a property manager or manage independently through stand-alone management, each approach has unique advantages and obstacles.
Justin Jefferies, CEO of Lodge, believes that the way is easier, especially for those who opt for self-management. In his daily role, he helps provide homeowners and tenants across Australia with the tools they need to succeed.
"There are currently about 2.2 million real estate investors in Australia," says Jefferies. "Around 500,000 of them manage their investments themselves. Now, for some, it's a full-time role and they're happy with it, but for others who want to play a more passive role, it can be a heavy burden. "
The key, notes Jefferies, is the consolidation of services and the elimination of hassle for the investor. For a flat fee of $ 19.99 per month, instead of 6-7% of rent per property, the Lodge website acts as a facilitator between landlords and tenants. Lodge gives self-directed homeowners access to a variety of tools that they might not otherwise have access to, allowing them to check the background through the Equifax and the Internet. to find tenants on REA, as well as to make the tenants pay by direct debit and BPAY. It has been a breath of fresh air in an industry that has always been slow to accept change.
"We see it as a way of providing you with tools that you might not normally have access to if you manage your own property," says Jefferies.
Depending on the specific needs of the landlord, he says, it may include finding tenants, checking backgrounds, ensuring maintenance, or even simply providing a place. where to put tax documents. For example, Jefferies cites Lodge's rent collection service, one of the company's most popular services for both homeowners and tenants. As a BPAY-owned initiative, Lodge's finances are also protected by state-of-the-art encryption.
"As a rule, individual homeowners can not offer picking services, but thanks to us, they have access to automatic collection of rent by direct debit or via BPAY," says Jefferies. "Once the landlord and the tenant are registered, we are able to send notifications to both parties, telling them when the rent is due and when it has been paid. It's a process of "fix and forget". "
To ensure a high level of service on all of its channels, Lodge also aligns with a variety of suppliers. Jefferies points to ServiceSeeking for maintenance and H & R Block for the particular tax. The company also employs various real estate professionals to ensure that the advice given to clients is up to date and in line with industry best practices.
"We really see ourselves as disruptive in real estate management," says Jefferies. "But to do that effectively, we need to make sure that we align ourselves with effective suppliers."
Jefferies is convinced that just over a year after its inception, Lodge has the assets to make radical changes in the property management sector as a whole.
"Really, it's about making things simpler and easier for everyone," he says. "Who does not want that?"
Beyond the basics of property management, CEO Justin Jefferies also considers that Lodge is a tool that could help homeowners and renters achieve their investment and property goals. "Real estate investing in Australia is a bit of a" mom and dad "industry," says Jefferies.
"We meet a lot of investors who have bought a property and want to buy more, but we do not know how they should do it."
Similarly, Jefferies notes, many renters are also looking to become homeowners later. "We're just starting out, but for the future, I'd like to see the site incorporate more features that can help users do that," he said.
WANT TO KNOW MORE?
Lodge simplifies the owner-tenant experience. We use technology to help homeowners manage their properties in Australia, increase cash flow without increasing rent, and improve the rental process. For more information, call:
Ph. 1800 945 266
www.lodge.com.au
Top suburbs:
Nightcliff
,
Coorparoo
,
West Wodonga
,
Mayfield
,
St Kilda West
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