• How to make money as a Landlord - Outgoing Recoveries (Part 2)

    by Rodney Timm

    (Tenants are you taking notice?) In Part 1 of this series, published in the previous post, there was discussion on how landlords can maximise their revenues by getting more money out of their tenants taking advantage of the many complex clauses in lease agreements, particularly those related to the outgoing recoveries. In this previous article, clauses related to outgoings definitions, audited outgoing statements, management fees, marketing and leasing costs, and cost of a structural and capital nature were explored. This article continues this outgoings discussion but also broadens the scope into other ways that landlords can extract additional revenues from…
    How to make money as a Landlord - Outgoing Recoveries (Part 2)
  • Making Money as a Landlord - Outgoing Recoveries (Part 1)

    by Rodney Timm

    (Tenants, are you taking notice?) Landlords’ primary business motivation is to maximise their revenues and dedicate their efforts working out how they get more money out of their tenants. Tenants, on the other hand, as occupier businesses in leased premises, have their attention focused on maximising profits from their business model. One of the often neglected components of the cost of doing business is the idiosyncrasies of many complex clauses in lease agreements. For tenants, details are treated as unwanted business distractions, but these are great opportunities for landlords to exploit, collecting even more money from their tenants. As an…
    Making Money as a Landlord - Outgoing Recoveries (Part 1)
  • Facilities systems

    by Rodney Timm

    When it comes to data and implementing facilities systems, there are key decisions to be made. Big data and the exponential price performance growth in processing capacity are changing every aspect of our commercial and social lives. And with the Internet of Things (IoT) beginning to make real impacts on the built environment, ever-increasing amounts of property and building data is now available for processing. Fortunately, with enhanced interoperability, our expectation of having diverse systems and processes linked is now attainable. Most occupiers and owners of property are also now realising that, although facilities information management may not be a…
    Facilities systems
  • Integrated Workplace Management Systems

    by Rodney Timm

    10 mistakes when it comes to implementing workplace management systems in the FM and property industries – and how to avoid making them! Property and facilities management are data-rich operating worlds. This is becoming even more complex as the Internet of Things (IoT) provides the capability to imbed sensors and diagnostic tools to monitor the use and performance of everything in real time. The property and facilities management service industries have over the years made use of a host of applications to deliver various control and management functions, including property management accounting, various CAD (computer aided design) platforms, lease modelling…
    Integrated Workplace Management Systems
  • Are you ready for new lease reporting?

    by Rodney Timm

    New lease accounting standards are on their way - the scouts’ motto of ‘be prepared’ is apt. From January 2019, all leased assets, including those covering property, are required to be reported differently in financial statements. Coming into effect for the beginning of next year, this means that financial planning and budgeting for the financial year commencing in July 2018 will need to change. The Australian Accounting Standards Board (AASB) has adopted the International Financial Reporting Standards – IFRS 16, designed to increase the transparency of lease reporting. Dependent on the nature of the business and their leased property portfolio…
    Are you ready for new lease reporting?

All Insights

10/05/2019

Making Money as a Landlord - Outgoing Recoveries (Part 1)

(Tenants, are you taking notice?) Landlords’ primary business motivation is to maximise their revenues and dedicate their efforts working out…
02/05/2019

Facilities systems

When it comes to data and implementing facilities systems, there are key decisions to be made. Big data and the…
15/02/2019

Integrated Workplace Management Systems

10 mistakes when it comes to implementing workplace management systems in the FM and property industries – and how to…
25/05/2018

Are you ready for new lease reporting?

New lease accounting standards are on their way - the scouts’ motto of ‘be prepared’ is apt. From January 2019,…