The Bank of England's recent announcement to maintain the Base Rate at 5.25%, a 16-year high, holds significant implications for property managers and real estate investors. This decision reflects ongoing efforts to manage inflation, which has shown signs of stabilizing, with a recent drop to 3.2% in April 2024 from highs above 10% in early 2023.What This Means for M... Read more
In the fast-paced world of property management, your ability to communicate effectively and securely with tenants, owners, and service providers is vital. With recent changes in email authentication standards set by major email providers like Gmail and Yahoo, managing your email system has become more complex but also more crucial than ever.What’s New with Email Stan... Read more
Learn how Konnexsion, a powerful property management software, can help you achieve profitability in your property management business by increasing revenue, reducing costs, mitigating risks, and maintaining regulatory compliance. Discover how Konnexsion can optimise operations, streamline processes, and support business growth.... Read more
I read an interesting article earlier this week which was reacting to an ARPM report suggesting Let only Agents were losing out on significant income by not offering Full Management services. (https://www.propertyreporter.co.uk/landlords/new-research-reveals-let-only-agents-are-losing-80-of-potential-income-per-tenancy.html).Of course revenue is a hot topic at the mo... Read more
How does the idea of fewer spreadsheets sound?The rise of Proptech is to make any property professional take notes – and it’s easy to see why.Early adopters have found its benefits include: easier task management, improved communication, and a more insightful view of their property portfolios.What’s more, as the technology becomes more mainstream, any property busine... Read more
Tenancy Agreement Mistakes Made By LandlordsThere are many positives about being a buy-to-let investor - but ensuring the paperwork is right every time isn’t often one of them. With ‘Right to Rent’ checks, council safety inspections, energy performance certificates - not to mention a complex stack of tax rules: the pile of regulation seems to grow month on month.Agai... Read more
At Konnexsion we like to read Property Journals and online articles. I've just read one from Real Business talking about Improving your Property Investments. What caught my eye, and what I liked about this article, was that it diverted from the usual approach of talking about Finance, Refurbishment and other typical Property Development issues. Instead, it narrowed... Read more
What is customer relationship management (CRM)?Customer relationship management, or CRM for short, is a tool that’s often mentioned when discussing sales functions. As a means to stay in contact with, follow up, and keep a record of your interactions with both current and potential prospects or customers, it’s one of the best methods to ultimately convert the busines... Read more
An interesting article on Property Week focuses on commercial real estate and talks about the need to Embrace change or fall behind. Whether this is really about embracing change or, in my view, “always looking forward and continually evolving”, I don’t know But the message is just as important to the residential PRS industry.I couldn’t be more aligned to the points ... Read more
25th May 2018, the date when GDPR brought about a major shift and clarity on data privacy. GDPR was designed to regulate the use and protection of personal data for all EU citizens by organisations of any size, across every sector (public or private) and every industry. From medical records to financial information, genetic information or just basic personal details,... Read more