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Lease accounting explained
Lease accounting plays a critical role in helping you understand the financial impact of leasing arrangements. Whether your organisation is leasing property, equipment, or vehicles, your accounting team needs to keep track of how these leases affect …
What is planned maintenance?
Planned maintenance involves scheduling maintenance tasks in advance to prevent asset breakdowns and extend the lifespan of equipment. This proactive strategy forms part of a broader facilities management approach that can help reduce operational cos…
What is in the agency agreement?
An agency agreement is a legally binding contract between a real estate agent and a client. It outlines essential information about the property, the service being provided, and the terms of engagement. Key information that usually appears in an agen…
What is power factor correction?
Managing electricity usage efficiently is a priority for real estate businesses looking to control costs and operate sustainably. Power factor correction plays an important role in this, yet it’s often overlooked. It’s closely linked to h…
What is a trust account and how does it work?
Managing financial responsibilities in real estate involves more than just rent collection and maintenance. A critical component is how you handle funds that do not belong to your business. For that, you need a clear understanding of trust accounts. …
How to write a real estate proposal
A professional real estate proposal can be the deciding factor between winning or losing a new listing. When you present a clear, compelling document that highlights your value as a professional real estate business, you create confidence and trust f…
How do you get leads in real estate?
Generating leads is a crucial part of any real estate business achieving success.Without a steady flow of new opportunities, growing your business becomes a real challenge. The good news is there are more ways than ever to connect with potential clie…
How to prospect in real estate
Prospecting remains one of the most important skills you can develop as a real estate professional. Building a strong pipeline of future clients ensures long-term success and growth for you and your business. Whether you are new to the industry or lo…