The Sydney rental market is currently in a period of transition with several factors creating an unusual market situation. This is bound to stabilise soon, the major factor that will return the market to normality will be the reduction in the governments first homeowners grant due later this year. For now we are in an unusual situation were it is a great time to be a property investor given the current interest rate environment, and renters are also enjoying a reprieve in rental pressures.
One of the important tasks of property managers is to keep track of their lease holders. These are individuals who are leasing either residential or commercial units. There are various documents related to this process. Software products allow managers to keep track of this information without physical paperwork. The software acts as a storage system for lease holder documents and contracts.
When performing such an evaluation, a cashflow investor will typically look for a GRM near 100 to find a property with positive cashflow. This method can also be easily adapted to calculate the breakeven point where an owner/occupant would break even compared to renting. Considering the full cost of ownership, including those costs often ignored, the price-to-rent ratio and Gross Rent Multiplier is lower than most think. The GRM is a convenient measure of value because it spares you the toil of performing the above, detailed calculation to evaluate a large number of properties.
Cedar Management Group offers a full range of affordable HOA management solutions to residential and commercial properties. Cedar has Click office locations in Charlotte, Asheville, Winston-Salem and Columbia. Our experienced and certified property managers and administrative staff can help you meet your community association goals while reducing management cost and saving you time and money. Our commitment to service includes 24 hour/ 7 day a week response. When calling our office you will always be greeted by a live person ready to assist you. Cedar also offers cutting edge technology that will allow you to have complete control of your homeowner association information and data.
Despite these strong figures, there are signs of a slowing of rental growth over the last quarter. This slowing has been driven by an increase in renters becoming property buyers given the rise in housing affordability, lowering of interest rates and increased first home owners grants. Landlords are also no longer in a situation were they request their tenant to cover any raised interest rate repayments, reducing the pressure to consistently raise rents. However, this slowing is predicted to only be temporary given the large undersupply of housing in Sydney and an overall pend up demand for accommodation.
The retrofit is one of the largest LED lighting retrofits yet in New York City. It will cut Ernst & Young’s lighting-related energy and maintenance costs in half. An estimated 25 percent of the energy used in commercial buildings comes from the lights, but Ernst & Young’s retrofit, which included occupancy sensors that control when lights are burning and when they’re not, cut the power consumption almost in in half to 2.9 million kilowatt-hours (kWHs) in electricity from 6.2 million kWhs previously used.
When a new neighborhood or office building is constructed, the natural flow of the land is disturbed. Most of the trees, natural grass and soil are destroyed and replaced with concrete, pavement, sidewalks and other unnatural structures. The topography of the land is likely altered and the former natural flow of water has now been dramatically changed.
The cost of living in Greece is considerable lower than in most other EU countries, but it offers a good standard of living and a wonderful quality of life. Studies indicate that the cost of living in Greece is about 30% lower than Cyprus’ and Cyprus’ is 30% lower than Spain’s and Portugal’s. Over and above the lower cost of living, those who purchase property in Greece will be amazed by how inexpensive houses are. In addition Greece has a very low crime rate, low pollution, and plenty of sunshine. All things considered purchaser of holiday homes in Greece have an extremely attractive package.