Real Estate Agents and Rental Property Managers Team

Blake Ericksen
Blake Ericksen Property Manager

GET TO KNOW BLAKE ERICKSEN

MY NAME: Blake

I AM: Caring and painfully uncreative

PROUDEST MOMENT: Medalling in the Taekwondo nationals for sparring

BIGGEST CHALLENGE: Overcoming the despair, the night I lost a dance-off to a stranger

ALARM CLOCK: 6:00am

PERFECT DAY: Wake up early, get breakfast with a couple of friends and head to the beach. Spend the day reading in the sun and swimming in the waves. We all return home to play Canasta and drink beer

FIRST JOB: Movie Theater Attendee

SUPER HERO POWER: Super speed (just like The Flash)

FAVOURITE SPOT IN BRISBANE: Bulimba Riverside Park

INSPIRATION: My whole family

CALIBRE IS: A rewarding and inspiring company

Blake joins the Calibre Property Management team with the goal of providing exceptional customer service to his clients. He strives to provide practical solutions to ensure landlords and tenants are left smiling, ensuring their Calibre experience is a positive one.

Blake is dedicated to his professional development, making it a priority to ensure he consistently performs his tasks with the utmost care while acting ethical and legislatively.

His positive, can do attitude is infectious – and makes him a valuable asset to the Calibre team.

WHAT DO YOU LOVE ABOUT BRISBANE

Brisbane is a massive sprawling city – but no matter where you go, it’s never missing the sense of community that is usually only found in smaller towns. There’s a sense of neighbourliness that exudes from all of it’s citizens.

BLAKE'S ARTICLES

4 Mistakes to Avoid When Renovating For the First Time

Every once in a while, you may want to spritz up your home. But renovating can be a time-intensive and expensive process. Here are four renovating mistakes you can avoid. 4 Mistakes to Avoid when Renovating for the First Time 1. …
Tenancy Vacancy Periods
Tenancy Vacancy Periods
tenancy vacancy periods

The Cost of Tenancy Vacancy Periods and How To Avoid Them

It’s safe to say that when you own an investment property, rental income is your bread and butter. Prolonged tenancy vacancy periods hurt your bottom dollar. So, when your tenants do decide it’s time to move on, what are you …
screen potential tenants
Screen Potential Tenants
screen potential tenants

How to Screen Potential Tenants

When potential tenants submit their tenancy applications on a property, ensuring all of the required paperwork is completed properly is imperative. Good property management agencies will have refined procedures in place to ensure that they find quality tenants for their landlords. …

Every once in a while, you may want to spritz up your home. But renovating can be a time-intensive and expensive process. Here are four renovating mistakes you can avoid.

4 Mistakes to Avoid when Renovating for the First Time

  1. 1. First Things First – Finance

Renovating your home for the first time is expensive. You need to be prepared for expected as well as unexpected expenses. Which is why it is always advised to add 20 percent to your budget as a precaution.

If you are still paying your mortgage, this article guides you on how to use your mortgage to finance your renovations, along with your savings.

  1. 2. Approval from Council

You may not know this when you’re renovating for the first time. Any kind of renovation work, even if it’s just painting the outside of the house, you need to sign a contract that gives you approval from the council to start your renovation work. This article from Allianz gives you all the details for contracts that need to be signed.

  1. 3. Do It Yourself?

This is usually not recommended. A lot of DIY stuff is not covered by your home insurance. Be sure to check your policies before starting the job yourself. By doing it yourself, you may be making a big renovating mistake.

It can be risky and time-consuming. It does give you flexibility and full control over the project, but doing it with contractors, designers or architects would prove beneficial in the long run. And you will still have control over the project, but with advice from experts who know what they’re doing.

  1. 4. Hire a Professional!

Ninety-five percent of homeowners cannot imagine what their furniture would like in their homes. Which is why getting advice from an expert is worth every penny. You get the right colors, the right shades along with the safest ways to complete renovations in your home.

  • Architects give the best advice for extensions in your home or any related big projects.
  • Contractors take control of the project. They give you quotes on expenses and oversee activities.
  • Designers work on the aesthetic of your place.

They work side by side to turn your dream home into reality while avoiding the possibility of making renovating mistakes.

For more detailed information, view this guide on Home renovation in Queensland.

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Would you like an updated market appraisal of your investment property? Click here to request an appraisal and one of our team members will be in touch

 

 

 

 

 

It’s safe to say that when you own an investment property, rental income is your bread and butter. Prolonged tenancy vacancy periods hurt your bottom dollar. So, when your tenants do decide it’s time to move on, what are you (or your property management agency) doing to ensure that your tenancy vacancy period is kept to an absolute bare minimum?

Giving us professional insight into how to achieve a quick tenancy turnaround time is one of Calibre Real Estate‘s Property Manager’s Blake Ericksen. Calibre Real Estate alone manages over 550 rental properties in South-East Queensland so Blake and his team are regularly handling the changeover of tenancy agreements.

“Given that the market can be known to fluctuate, it’s generally a good idea to ensure that you are always well-educated and well-prepared. Constantly having a grasp on the movements within your local market place will arm you with all the valuable details you need to ensure you are making informed decisions about your investment.” says Blake. So, here they are Blake’s top tips on :

Top 5 Tips to Avoid Tenancy Vacancy Periods at Your Property

  1. 1. Forward Planning

    Try and make sure that your lease agreements expires in a good period for renting. Typically January/February or between June and August are when a lot of tenancy are available for lease. This is mutually beneficial as these are the times in the year that have the most tenants and properties available. Tenants get more choice of property, and you get more choice of tenants.

  2. 2. Appeal To Your Market

    Most suburbs have quite distinct renter populations. Suburbs near universities are usually dense with students. Suburbs that are well connected by public transport but lack street parking are great options for those who are new to the city and for first time renters. There are many suburbs near and far that are particularly family friendly. Ensure that the advertising for your property appeals to the kind of tenants that are looking in the area. Sometimes additions to your property can be the point of difference too. Including white goods at your property may be what draws tenants in, or even including garden maintenance for larger properties to attract busy families.

  3. 3. Rent Reductions

    Rent reductions can be a touchy subject, but are almost always going save you money. Although some suburbs are more affected than others, there can sometimes be a large amount of vacancy across the board. This means that tenants have a lot of option to move and find somewhere cheaper. If you were to consider reducing the rent on lease renewals then you can ensure you stay competitive within your market place. Obviously, a renewed lease is the best option. If your tenants don’t renew however, expect to have to reduce the rent at your property from what you’ve previously been getting (particularly if it’s been rented out for the past 3 or more years). Reduce the rent comparatively to the property. A $10 rent decrease on your $750 per week property is not going to have the desired effect. A $30 rent reduction may seem steep at first – but if it can reduce your vacancy period by more than two weeks, you’re still ahead in the end in the above example. Just remember, waiting around for someone to take the property at a higher price may cost you more in the end.

  4. 4. Flexibility

    Tenants all lead different kinds of lives, and have different requirements for properties they are looking for. It’s worthwhile letting your agent know that you’re willing to do work to the property if requested by prospective tenants. This may mean being open to replacing dated appliances, to recarpeting rooms that are looking old & worn, or even replacing fly screens that are wearing through. Prospective tenants that know you’re willing to meet them half way are typically more inclined to apply for that property.

  5. 5. Keep Your Tenants Happy!

    You can avoid the leasing process altogether by keeping your current tenants happy. Make sure that maintenance is attended to on time, and that you give thought to any tenant requests. Making upgrades to the property such as ceiling fans and air conditioning can mean the world of difference to a tenant. What’s more, it may help ensure they stay on the lease for some time to come. Why wait until the property is becoming vacant to make upgrades to entice new tenants? Keep the current tenants happy and they’ve got less reason to move in the first place.

To access more articles about Investing in Real Estate see :

If you have a property in South East QLD that you would like to discuss with one of the team members at Calibre, then please feel free to call our office at (07) 3367 3411 or lodge an enquiry on the “Property Management” page on our website.

 

Tenancy Vacancy Periods

When potential tenants submit their tenancy applications on a property, ensuring all of the required paperwork is completed properly is imperative. Good property management agencies will have refined procedures in place to ensure that they find quality tenants for their landlords. An agency must screen potential tenants with great care. Once the screening process has been finalised, the property management agency will then make their recommendations to the landlord. The landlord always has the final decision about whether or not to approve the application from the potential tenants.

Blake Ericksen is a Property Manager at Calibre Real Estate, he processes numerous tenancy applications on a weekly basis. When asked why it’s important to screen potential tenants correctly and ensure they submit their correct paperwork first time round, Blake told us that “If potential tenants want to arm themselves with the best possible chances of having their application approved, then it’s in their best interest to dot their i’s and cross their t’s. If the submission is incomplete, then we need to stop working on that application while we wait for the required information. That’ll mean that we’ll start processing the next application on the list. We could fully process and have the landlord approve another application while the first applicant is still preoccupied with finalising their paperwork.”

The 4 Step Process to Screen Potential Tenants

  1. Step # 1 : Tenancy Database Checks

    The applicants’ details are searched against tenancy databases to ensure that they haven’t been blacklisted by another agent due to non-payment of rent, extreme damage to property, among other things. We also do a database search to ensure that prospective tenants haven’t become bankrupt recently. We complete this search on each application to ensure that we aren’t putting problematic tenants into our owners’ properties. These databases are one of the few ways that agents can screen against undesirable candidates who need to lie on their application to be approved for a property.

  2. Step # 2 : Employment Checks

    We contact the employer the applicant has nominated as their reference in their application. We need to ensure that the applicant is employed in the capacity, with the same pay, and for the same length of time that is stated on the application form. Additionally, we require 2 recent payslips to prove their employment is legitimate. We do these checks to ensure that they’re both putting truthful information on the application, and that the applicant has stable & ongoing work while on a lease agreement. We then use the payslips to test their income suitability.

  3. Step # 3 : Income Suitability Test

    This one is fairly simple, we test the suitability of the applicants’ income to the property. As a general rule, the applicant shouldn’t be paying more than 30% of their take home pay in rent. Otherwise they may face shortfalls in their budget. We simply find 30% of their net weekly pay (or average pay if they work casually), and see if it meets the portion of the rent they will need to pay at the property. We do this to ensure that the applicant will be able to pay for the property throughout the whole duration of their lease. And that they aren’t going to face financial hardship due to renting a property outside of their affordability range.

  4. Step # 4 : Rental References

    We contact the applicants’ past two agencies to ask for a rental reference. These references must fit a set standard, and can’t be too general. As such, we ask questions regarding how the property was kept. We also ask if rent was paid on time and how the vacate process went. Fortunately, bad rental references are few and far between. We conduct rental reference checks to ensure that the applicants have taken care of previous properties they’ve lived in. We’ll also check that they made all of their rental payments on time, every time.

To access more articles about how to screen potential tenants, renting & Real Estate see :

If you have a property in South East QLD that you would like to discuss with one of the team members at Calibre, then please feel free to call our office at (07) 3367 3411 or lodge an enquiry on the “Property Management” page on our website.

Screen Potential Tenants