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Making it easy to get connected with MovingHub

By | News

One of the most frustrating experiences for landlords & tenants can be the time wasted connecting with all of the required providers for a new rental property….

This is why OurWalls has partnered with MovingHub to provide a seamless experience for our members to connect with the following services:

  • Electricity
  • Gas
  • Water
  • Internet
  • Removals
  • Cleaning

How does it work?

Step 1: Members click on the MovingHub Partner Portal to select the services that they need assistance with

Step 2: A professionally trained Movologist will then contact the member (within 2 business hours) to help them compare and choose from a range of service providers, to suit the customers household requirements

Step 3: Once a decision has been made, they will gather all of the necessary information & walk through the next steps to activate the service

 

OurWalls is a cloud based platform that makes it easy to manage your property investments. The FREE plan is perfect for self manging landlords who want to save time & money.

Visit our site at www.ourwalls.com.au to find out more.

OurWalls partners with CGU

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We are very pleased to announce the launch of our national insurance partnership with CGU.

This means that OurWalls members can now easily insure their property assets via a direct integration through our FREE cloud based platform.

This includes the ability to directly obtain a quote for Landlord, Home, Motor & Travel insurance policies.

Find Out More Here
OurWalls is a cloud based platform that makes it easy to manage your property investments.
The FREE plan is perfect for self-managing landlords who want to save time & money.

We’re now FREE and “PoD” of it!

By | News

At OurWalls we listened to our customers who told us that they don’t mind paying for on-demand for services when they need them…

This is why we have removed our $10 p/m membership & have launched a FREE Plan with “Pay on Demand” or “PoD”

So you will now only pay if & when you need a service!

New members can now join our cloud based platform for FREE and take control of their investment property via a suite of benefits including access lease templates, automated task reminders, document storage, messaging & tenant connect.

A perfect solution for ‘self-managing’ or ‘private’ landlords who want to access everything they need in one secure place.

We bring a compelling alternative to the market for landlords who want to save time & money with the support of our easy-to-use PoD services that include:

  • Insurance via our partnership with CGU
  • Finance via our partnership with MoneyQuest
  • A broad range of Connection Services from gas and electricity to Foxtel via our partnership with MovingHub
  • Property maintenance Extra Services including painting, plumbing & electrical work directly through OurWalls

Our model is a victory for common sense as it results in a win-win situation for all of the people involved, take a fresh look and consider what it could look like having a better property relationship and a happier tenant!

Visit our site at www.ourwalls.com.au to find out more.

No more agent fees

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As the real estate market becomes tighter and tighter for property investors to make the impressive returns seen in recent years, the digital landscape is keeping pace with the introduction of our brand-new state-of-the-art platform where landlords can manage their own properties with our support.

We have hit the ground running, offering Australian’s their end to end solution to “do it yourself”, connecting landlords and their existing tenants without the need for ongoing fees. Not only saving money immediately but accelerating returns in the years that follow.

With the complexities removed the process is easy! If something arises where the landlord needs assistance they refer to the platform accessing the information they need and if a task needs completing that members don’t want to action themselves, they simply chose from one of the OurWalls pay for service options.

The OurWalls team are encouraging property investors to take a fresh look at their current property management scenario and sign up for a better way!

OurWalls join CreativeCubes

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Successfully pitching our landlord and tenant platform solution at #Cubes3122 in front of a crowd on opening night, we now have a new base to call home in the incredible Hawthorn development.

Come visit us any time and check out the great new space, purpose built for entrepreneurs and start up businesses alike looking to succeed, together.

Thank you also to the sponsors myob & STARTUP VICTORIA for their support.

If you’re considering a better way to manage your property we are on the move… join our journey today!

Rental reforms to benefit landlords and their tenants

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Changes will bring much needed reform by removing unnecessary complexity that currently exist in the Australian rental industry. Simple things such as allowing tenants to have pets with written consent from their landlords and the ability to install additional picture hooks in the home that they live in without causing damage to the property just makes sense.

The Victorian Parliament has recently passed the Residential Tenancies Amendment Bill 2018, which includes more than 130 reforms designed to increase protections for renters, while ensuring those who provide rental housing can still effectively manage their properties.

Consumer Affairs Victoria will oversee the implementation of the new laws as they progressively come into play; at OurWalls we believe that these changes to be common sense for fair and reasonable landlords.

The Residential Tenancies Act will also outline the requirements for landlords, by clearly detailing the obligations and level of standards that must be maintained with their investment property. These reforms are becoming increasingly important with the increasing number of Australians that are renting. Approximately, one-third of tenants nationally have been continuously renting for over 10 years. The majority who are considered long-term tenants are made up of either older people or families with children.

The short term rental landscape has also changed over the last 5 years with several on-line platforms allowing much higher short term returns for investors, however this can come with its own problems linked to the high turnover of occupants with up to 20% experiencing issues (including upsetting neighbours and damage to property).

These much needed reviews extend on the existing legislation that has been in place since 1997, and a number of the reforms were announced as part of the Government’s ‘Rent Fair’ campaign in October 2017 which included:

  • allowing animals to be kept in rented premises
  • allowing renters to make prescribed minor modifications to a rental property
  • bolstering security of tenure and ending ‘no fault’ evictions by removing the ‘no specified reason’ notice to vacate and restricting the use of ‘end of the fixed-term’ notices to vacate to the end of an initial fixed term agreement
  • establishing a non-compliance register ‘blacklisting’ residential rental providers and agents who fail to meet their obligations
  • providing for the early release of bonds with the consent of both parties to the tenancy agreement
  • restricting solicitation of rental bids by residential rental providers and agents
  • providing for yearly, instead of six-monthly, rent increases
  • providing for faster reimbursement where renters have paid for urgent repairs
  • increasing the number of properties to which the statutory maximum cap of four weeks for bond and rent in advance applies
  • enabling automatic bond repayments, which will be available to a renter within 14 days where the parties are not in dispute
  • requiring mandatory pre-contractual disclosure of material facts, such as an intention to sell the rental property, or known presences of asbestos
  • prohibiting misleading or deceptive conduct inducing a person into renting a property.

As more improvement comes to the growing number of renters here in Australia, our property industry will become more inline with international markets that are simply doing it better than we are today.

At OurWalls we are embracing this changing landscape and presenting better opportunities for landlords and tenants to connect via our state-of-the-art platform.

Find our more today at www.ourwalls.com.au

Helping landlords take control

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OurWalls is a state-of-the-art digital property management platform that allows you to run your portfolio from one secure location. Our services are easy-to-use and will save you thousands in property management fees.

We bring to the market a fresh approach to managing your property portfolio and choice for landlords who are looking for a better way to improve their investment. Our step-by-step system guides our members through the property industry, removing the myths and fears that surround it and identifying value-adding opportunities.

Our approach presents opportunities for landlords who look after their tenants as we understand the benefits for landlords who look after the people who rent their properties. A well-treated tenant will take care of a place they feel invested in.

Our method is a victory for common sense as it results in a win-win situation. Over time maintenance costs become lower and returns on the landlords investment increases.

Find out more today at www.ourwalls.com.au

Flipping a good tenant VS making them a keeper!

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Landlords, ever heard this before?

“We’ve conducted a market review & believe that we can easily get you a 10% increase on the monthly rental return for your investment property… Now your existing tenant might resist this increase, but there is strong demand for similar properties to yours in the area & we are very confident that other suitable tenants can be found…”

Before jumping, let’s unpack this further…

Whilst a 10% increase sounds great in theory, the truth is that you are going to be up for a bunch of additional costs also that will quickly eat into the extra returns

Using a $500 p/w rental property with annual revenue of $26,000 per annum as an example, the current fees could be to relet the property with the same tenants:

$1,560 – Property Management Fees (6%)
+ $156 – GST
+ $1,000 – Lease Renewal Fee (2 weeks)
+ $60 – Administration Fees ($5 p/m)
+ $88 – Annual Statement Fee

$2,864 = Total Fees
$23,136 = Total Rent Received by Property Investor

Now if we consider the 10% increase to a $550 p/w rental property with annual revenue of $28,600 per annum as an example, the current fees to replace your current tenant could be:

$1,716 – Property Management Fees (6%)
+ $171 – GST
+ $60 – Administration Fees ($5 p/m)
+ $88 – Annual Statement Fee
+ $1,650 – Re-letting Fee (3 weeks)
+ $390 – Internet Marketing Fee
+ $175 – Professional Photography Fee
+ $110 – Video Walk Through Marketing Fee
+ $55 – Tenancy Database Check Fee

$4,415 = Total Fees
$24,185 = Total Rent Received by Property Investor

On the surface this looks pretty good, you have moved your annual return from $23,136 to $24,185 an increase of $1,050, however, this isn’t right as we need to include the ‘vacancy gap’ (an average of 3 weeks) before the new tenants move in…

So what is the real return once we factor this in?

$24,185 – $1,650 (3 weeks vacancy gap)
$22,535 = Real Total Rent Received by Property Investor

Hang on – you are now $600 WORSE OFF than if you had kept the original tenant without an increase!

At OurWalls we want to shine a spotlight on the hidden costs of flipping good tenants and highlight the real opportunities that exist for landlords who look after their tenants.

Consider your existing tenant who has proven to be a good payer over the last term and now they intended to stay at the property longer-term.

This tenant is a keeper and landlords have the opportunity to remove agent fees seen above and get back in the game as a real investor using the OurWalls tools, guidance and support. Don’t risk losing a great tenant… your new keeper by increasing the rent disproportionately! Many other benefits follow where the keeper tenant invests themselves in the property, their home.

The return factoring our scenario:

$120 = OurWalls DIY Member Fee
$25,880 = Total Rent Received by Property Investor

Where else can you increase your returns by 10% PLUS just by giving your investment better attention?

So next time you are advised to increase your rent and risk FLIPPING a great tenant, make sure that you run the numbers & calculate the REAL costs before pulling the trigger.

OurWalls encourages you to make them a keeper!

There is a better way for you to control of your property investment with www.ourwalls,com.au

Australia’s renters are on the rise

By | News

Did you know that 34% of Australian households are currently renting and this figure is expected to continue to rise in the coming decade?

We believe that an increasing rental population should be embraced as times change and the new population view their lifestyle and investing differently.

Compared to other countries around the world we have a lower percentage of renters:

  • United States = 37%
  • Japan = 40%
  • France = 50%
  • Germany = 61%

So what can we learn about these countries and how they treat the renter population?…

At OurWalls we believe that Australia should be working to improve the status-quo with this growing rental propulation by creating better opportunities for landlords and their tenants; rather than getting stuck in the mire of the (often negative) debate around housing affordability.

We are committed to building a better way for landlords & tenants to connect and thrive!

Please register your details with us if you’d like to find out more…

Introducing OurWalls!

By | News

Born out of passion to improve the traditional property management model, we are very excited  to announce the launch of OurWalls.

The Founding team (Maurice Molan and Myles Tehan) are driven by a mission to disrupt the rental experience by achieving better outcomes by connecting landlords and tenants.

There is a better way; so join us on the journey by registering your interest to find out more and gain early access!

PS. We will keep everyone posted via updates from this blog, so watch this space for further developments as we build out the platform.