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.

Sunshine Coast Accountants Help Businesses Minimise Tax Liability During Tax Season

Sunshine Coast Regional, Queensland -

As tax season approaches, small business owners in the Sunshine Coast, Queensland, region are turning to Mobbs and Company for expert financial guidance and support.

Since 2001 Mobbs and Company's team of highly experienced tax professionals and small business accountants have been working with Queensland clients. With over two decades of experience in helping businesses maximise their profits and minimise their tax liability, Mobbs and Company is a trusted partner for companies of all sizes in the region.

Businesses in Australia have to comply with tax laws set by the Australian Tax Office (ATO) or else they may be subject to penalties or may have to undergo an audit. The ATO has a specific focus on improving compliance among small businesses, which make up the majority of businesses in Australia. In 2019-20, the ATO conducted over 24,000 small business audits and reviews, resulting in over $1.2 billion in liabilities raised

Small businesses are often focused on specialising in and serving clients in their industry and may not have the operations budget or profit margins to justify having a full-time tax professional on their team to handle their compliance. The solution is a turnkey professional and experienced accounting firm, like Mobbs and Company, that can be consulted when needed to cover all the regulatory requirements enforced by the ATO.

The Sunshine Coast accounting firm has a wealth of experience and expertise in helping businesses navigate tax laws and regulations. On its Google Business Profile, one reviewer talks about how Mobbs and Company helped it decrypt all its overseas accounting records that were exclusively in French and work through complicated family trust structures. Another client talks about how after their primary accountant became unresponsive, Jamie and his team at Mobbs and Company came in and salvaged their tax filings even while working completely remotely.

Mobbs and Company’s customised solutions serve each client based on their unique financial situation. Its offerings for businesses include tax compliance services, cash flow forecasts, business consulting, payroll tax, GST accounting, BAS (Business Activity Statement) preparation, Fringe Benefits Tax information, and business tax advice. As tax accountants, Mobbs and Company can help clients with individual or company tax returns, late tax returns, tax audits, general tax advice, taxation planning, tax compliance and obligations, specialty taxes, and more.

Clients can pick and choose the services they need, or they can even take advantage of Mobbs and Company’s end-to-end bookkeeping, financial analysis, and tax planning services.

As a boutique accounting firm, Mobbs and Company is committed to delivering excellent customer service that is flexible and meets its clients’ most pressing challenges. The agency has a proactive personalised approach to working with clients to help them succeed. Clients can rely on the professional accountants and tax experts at Mobbs and Company to offer ongoing support throughout the year as if they are a seamless extension of their business. Many of its clients have been with Mobbs and Company for decades and have voiced their strong approval of its responsive and timely customer service in their testimonials.

Jamie Mobbs talks about what drives the team he has assembled at the Sunshine Coast tax services agency by saying, “We work with all kinds of clients – small businesses operating in everything from the construction, tourism, and the hospitality industry. As a self-starter myself, I want to see other Australian entrepreneurs like me build their businesses and thrive. Our firm is dedicated to helping small business owners do what they do best while taking the burden of accounting and tax compliance off their shoulders. By eliminating these roadblocks, we free our clients to focus on their core competency and take advantage of all the opportunities present in the market. You don’t have to fear tax season anymore because, in Mobbs and Company, you have a partner who is working just as hard as you are for your success.”

As the deadline for tax season approaches, Mobbs and Company can help businesses located on the Sunshine Coast stay on top of their finances and maximise their profits. To learn more about how Mobbs and Company can help them succeed, business owners are urged to contact them today at 07 3844 6960.

TPM Builders: Safety Inspectors Say Wet Weather Is Not the Only Danger for Excavators

Brisbane City, Queensland -

Safety inspectors in NSW will continue visiting excavation sites until April this year, to make sure that construction workers and farmers don’t put their lives at risk while excavating.

The NSW regulator for workplace safety warns that persistent heavy rains have deteriorated ground conditions and contributed to a rise in the number of excavation accidents.

This is particularly concerning, given that 74 per cent of earthmoving plant and excavation accidents led to serious injury or death across the state.

Natasha Mann, Head of SafeWork NSW, says it’s crucial for business owners, site managers and supervisors to consult with workers to make sure trenches are safe from collapse. This process involves assessing potential risks and completing a Safe Work Method Statement before starting any excavation.

“Proper planning before work begins and ongoing monitoring of ground conditions is essential, especially following flooding or heavy rain. If in doubt we recommend consulting further with a geotechnical engineer,” Ms Mann said. “The consequences of failing to properly assess site conditions can be fatal.”

Tragically in June last year, a 33-year farmer died from head injuries acquired while extracting a bogged bulldozer.

In a separate incident, a 19-year old apprentice was seriously injured when a two-metre-high unsupported trench collapsed on a residential building site. These are two examples of recent excavation accidents, and safety experts don’t want history to repeat itself.

Although the La Nina season is likely near its end; excavators should never let their guard down, as there are more dangers beyond wet weather conditions.

Many accidents occur when workers excavate without first checking what equipment or assets exist beneath the excavation site. There’s a risk of rupturing electricity cables when “digging blind”, which is a major cause of electrocution.

“Workers can be severely injured if they are struck by earthmoving equipment or if their equipment comes into contact with electrical assets,” Ms Mann said.

Todd Mason from TPM Builders says this warning should be heeded by construction managers and workers in other states and territories as well, not just NSW.

“Unfortunately safety problems are widespread in Australia’s building sector, and there are many reasons for that,” said Mr Mason, general manager of the Queensland-based commercial construction company.

He urges construction workers everywhere to use a free service called Before You Dig Australia, to locate underground pipes and cables ahead of digging. This national online portal allows visitors to request infrastructure information about the location they plan to excavate, prior to commencing work.

TPM Builders published an article about safety in construction, which explores the key reasons why the national building sector has a safety problem, and what companies can do to solve this.

“Safety in construction needs to be a top priority for our industry, given the dangerous nature of our work. It’s crucial that employers honour their duty of care to provide a safe working environment, and that safety training is accessible to all workers,” Mr Mason said.

For Safe Work Australia resources: visit https://www.safeworkaustralia.gov.au/

Perth Property Management Company Says Market Is Ripe for Rent Roll Acquisition

Gosnells, 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.

New Research Says Vaping Increases Risk of Dental Problems

Sydney, New South Wales -

Many people don’t realise that vaping can cause lasting damage to the heart and lungs, but there’s even less awareness about the dangers to oral health.

Patients who inhale vapour from battery-operated devices have a significantly higher risk of developing cavities, according to a November 2022 study by Tufts University School of Dental Medicine.

Results from more than 13,000 patients show that 79 per cent of vaping patients had high-caries risk, compared to 60 per cent of the control group.

Although more research is needed, Dr Alistair Graham from Mona Vale Dental isn’t surprised by these preliminary findings.

Many of his patients with discoloured teeth and eroded enamel admit to inhaling vaping aerosols, which typically contain nicotine – the same addictive substance in tobacco cigarettes.

“So far we know that nicotine increases the risk of tooth decay and gum disease, by changing oral microbiome and limiting the flow of blood to gum tissue,” Dr Graham said.

“Nicotine-free vaping products aren’t much better, as all vaping aerosols heat up the mouth and create the perfect environment for bad bacteria to thrive.”

In Australia, most vaping aerosols contain nicotine, which always requires a prescription. Vaping aerosols without nicotine don’t require a prescription, but still come with health risks due to containing unregulated chemicals like Formaldehyde.

Young people expose themselves to these potentially harmful vaping chemicals at the highest rates. Electronic cigarettes are most commonly used by people aged between 18 and 24, according to a 2022 report from the Australian Bureau of Statistics.

Dr Alistair Graham says research into the oral health dangers of vaping is ongoing, but we know enough to see that vaping is detrimental to people of all ages.

He recommends that patients speak to their doctor or call Quitline to get the support they need to stop the habit completely.

In the meantime, dentists can take a number of measures to prevent or limit the damage.

“It’s so important that dentists regularly ask their patients if they use vaping devices. If the answer is yes, patients may benefit from a prescription for high-strength fluoride toothpaste and mouthwash to keep bacteria at bay,” Dr Graham said.

Dr Alistair Graham recently published an article titled “Is Vaping Bad for Your Teeth?”, which contains more detailed information about the oral health risks and treatment measures.