Perth Property Management Company Says Market Is Ripe for Buying a Rent Roll

Perth, Western Australia -

(NOTE: this is a correction to a previous release that used the wrong location.)

Perth, Western Australia: Now is a good time for property management licensees to fast-track their expansion with rent roll acquisition, according to one company that’s flourished in recent years.

Rent roll acquisition occurs when licensees purchase an entire property portfolio (or parts of it) from another real estate company or licensee, to grow at a rate faster than what organic growth allows.

Orana Property used rent roll acquisition to expand to a portfolio with over 240 properties in less than 1.5 years.

The Perth-based property management company launched during the COVID-19 pandemic, when there was an overall surge in sales activity in the Western Australia property market.

Alison Ringuet, Orana’s acquisition and business development manager, says licensees could capitalise on the recent sales turnaround to secure an immediate return with rent roll acquisition.

“When handled properly, buying a rent roll quickly creates a stable source of income that can also generate organic growth when clients bring on additional properties for the real estate or licensee to manage,” Ms Ringuet said.

Recently she’s noticed that many smaller portfolios are available for purchase, which fits perfectly with Orana’s strategy.

Orana’s short-term priority has been to acquire smaller residential rent rolls that contain 100 to 300 properties in Western Australia.

“There’s no such thing as a rent roll that’s too small, especially if your resources are limited but you want to go down the acquisition path to secure an immediate return and cash flow for your business.”

Ms Ringuet says that property managers should consider the size and manageability of their current portfolio, and the capacity of their team, before purchasing a rent roll, because this strategy isn’t suitable for everyone.

“The worst thing any property management business can do is spread themselves too thin, which means they compromise operational duties and fail to nurture relationships with landlords and tenants. Remember, after a certain point of expansion, you may need to hire more staff.”

Furthermore, it’s crucial that licensees conduct careful research before buying a portfolio, to avoid purchasing a host of problems.

“Take the time to investigate the health of the rent roll you’re interested in, as well as the operational efficiency of the seller’s business to figure out if the asking price is reasonable. Ask for tangible evidence, such as documents that show gains and losses over the last six months to 12 months.”

“It’s probably a good idea to abandon ship before signing any contracts, if you notice a long list of tenant and landlord complaints or similar red flags. You don’t want to inherit those problems,” Ms Ringuet said.

As specialists in rent roll acquisition, Orana Property has published an article and released a podcast with valuable advice for licensees considering buying a rent roll, so they can minimise the risks.

Correction to Previous Release: Going Paperless Helped One Company Save Thousands of Dollars (Stats Show They’re Not Alone)

Perth, Western Australia -

[NOTE: this is a correction to a previous release that used the wrong location.]

Perth, Western Australia - A property management company in Perth has found a way to improve their productivity and save money, while helping the environment.

The global pandemic gave Orana Property an opportunity to slash its paper usage and switch to digital technology when managing paperwork, liaising with clients and handling general tasks.

Department Head Brittany Trefort said some real estate workplaces spend at least $80,000 every year on stationery, but Orana Property wanted to keep their stationery costs as low as possible.

“That is a huge amount of money that could be better spent, especially during these tough economic times when many companies are struggling to stay afloat,” Ms Trefort said.

The bigger the company, the higher the stationery bill. Research from PwC shows that companies with 1,000 workers spend over $3 million on paper management every year.

Orana Property managed to cut printing and paper costs by thousands of dollars a year, by transitioning to digital technology for every administrative task other than taking notes and paying bills.

Although Orana dived straight into the deep end, Ms Trefort says it’s possible for companies to achieve impressive cost savings by taking smaller steps.

For example, businesses can save at least $36 for each document that’s signed digitally using a program called DocuSign. The savings would be substantial when repeating this process for thousands of documents every year

There are also operational benefits to consider, since poor paper management makes employees less productive.

The average office worker squanders around 30 to 40 per cent of their day searching for printed documents. On top of this, a lot of energy is wasted repeating tasks, chasing signatures and clearing up misunderstandings with clients.

The Orana team doesn’t have this problem, as digital technology drastically reduces the time that employees spend on contracts and paperwork. Going paperless enables Orana’s employees to focus their energy on building relationships with clients and tenants. Not only are staff more productive and relaxed, but clients and tenants are happier, as a result of better communication.

The financial and operational benefits of going paperless can’t be ignored, but the ecological impact is the cherry on top.

Workplaces in the Asia-Pacific region collectively saved almost 100,000 trees over a period of three years – just by going paperless. This translates to 7000 cars off the road, and 33 million kilograms of carbon dioxide kept out of the atmosphere.

Department Head Brittany Trefort says Orana employees are motivated by the knowledge they’re helping the planet.

“Many businesses are leading the way when it comes to supporting sustainability. Our team wants to contribute to that mission, because we only have one planet,” she explained.

Ms Trefort says converting to a paperless office can be overwhelming, so it’s a good idea to start with small changes and build on it from there.

“It’s likely that employees will struggle to adapt to the changes, if businesses try to get rid of all their paper processes at once. The first point of call is to get your entire team on the same page, by giving people enough motivation to gradually reduce their paper usage,” Ms Trefort said.

Orana Property published an article that explains paperless office benefits in property management, with tips on how to smoothly transition to digital technology.

Dr Tariq Drabu Shares the Many Options Available for Patients Looking for Clear A Ligners

Dr Tariq Drabu, a leading dentist and specialist oral surgeon from Manchester, UK, has published a blog post detailing the many alternatives to Invisalign clear aligners that are currently available on the market.

The blog post, published on Web Dental, begins by espousing the many benefits of Invisalign, one of the most popular orthodontic treatments in the world for fixing teeth alignment. Primarily, Invisalign treatments can be customized to each patient’s specific needs with a consultation. They are virtually invisible making it the treatment of choice for those who prefer to be discreet or are self-conscious about getting traditional metal braces.

Invisalign aligners are also removable giving patients the ability to take them out when they are eating, brushing, or flossing. Patients also enjoy faster treatments compared to metal braces with most needing Invisalign for no more than 6 to 18 months. Finally, due to the mature and reproducible nature of the Invisalign technology, which uses 3D imaging to create customized treatment plans, the results are much more predictable. Patients also get to visualize the results of the treatment before it is even started.

Dr. Drabu talks about the many benefits of Invisalign by saying, “Invented by Stanford MBA graduate Zia Chisti in 1997, it is the most well-known brand of clear aligners available for patients worldwide today. They are comfortable and aesthetically pleasing, two benefits that the metal braces in use before Invisalign could not lay claim to. However, today, there are many more options available that each have their pros and cons and maybe a better match for you, based on your needs and budget.”

In the blog post titled “Invisalign Alternatives: What is the best clear aligner option?”, Dr. Tariq then discusses the four most popular alternatives that patients can opt for instead. Clear Correct aligners are thinner compared to Invisalign and are much more cost-effective. Smile Direct Club uses a remote orthodontic model. Patients can receive treatment from home by sending in impressions of their teeth and having the finished aligners mailed to them.

Candid aligners are offered by qualified CandidPro providers in its network of licensed orthodontists. Patients can schedule monthly monitoring appointments via the CandidApp. Treatment using Candid aligners is, on average, shorter than Invisalign. Finally, Dr. Drabu introduces Byte, a clear aligner system that uses HyperByte technology, which helps accelerate treatment time. Byte also provides at-home impression kits and remote monitoring.

Dr. Tariq talks more about these alternatives by saying, “One of the main advantages that you get by going for an orthodontic treatment other than Invisalign is remote monitoring. Invisalign requires in-person visits every 6 to 8 weeks to monitor the progress of the treatment. With other options, such as Candid and Smile Direct Club, you can avoid those monitoring visits. Smile Direct Club also allows you to skip the initial dentist consultation and have the aligners delivered straight to your home. Several other considerations like cost and treatment time can be cut down on if you are not insistent on going for Invisalign and are open to its many capable alternatives.”

Dr. Tariq Drabu graduated from Manchester University in 1986, becoming one of the youngest dentists in the United Kingdom. He then went on to work in hospital dentistry at various local dental hospitals including Withington Hospital, Stafford District General Hospital, and Manchester Dental Hospital. He boasts a Fellowship in Dental Surgery in Edinburgh from the Royal College of Surgeons. He has also taught at the Manchester Dental Hospital and lectured and mentored over 500 oral surgery dentists.

Dr. Tariq now practices at the Langley Dental Practice, one of the best dental clinics in Middleton, England. The clinic has garnered an impressive overall rating of 4.7 out of 5.0 from over 200 reviews on its Google Business Profile.

Readers can head over to Dr. Tariq’s Web Dental Profile to read his other publications or check out this press release where he discusses the safety of cosmetic dental procedures.