WHO WE ARE
A small firm that continues to serve its community of clients.
WHAT WE DO
Provide the best services for our clients.
WHERE WE WORK
Wherever you want us to
QUESTIONS ABOUT A JUDICIAL ISSUE? ASK OUR EXPERTS.
GLOBAL CHALLENGE. WORLD CLASS RESPONSE.
OUR PEOPLE, PRACTICE AREAS & PUBLICATIONS
OUR PEOPLE
OUR PRACTICE AREAS
OUR PUBLICATIONS
Deborah Brown
Tax Litigation
Low Oil Prices
Allen Lucas
Aquisitions
Cost of Divorce
Muriel Potter
Financial Advice
2015 Tax Laws
Ken Douglas
International
Surveys Matter
Loretta Harris
Oil and Gas
In-House Work
Phil Russell
Capital Markets
Obama Care
We are who we say we are. A firm that was built to make a difference. Our greatest asset is you.
INTERNATIONAL
Our principal area of focus is Foreign investment laws, and we have won a fair share of cases in diverse markets.
PARTNERSHIPS
We have both local and global partnerships.
EXCELLENCE
No one remembers the person who finished second. So we make sure we finish first.
LATEST NEWS BLOG
Factors to Consider When Selecting Investment Management Software
Investment management software has proven to be a must-have tool for many financial advisors. The software helps advisors to manage portfolios for various clients, keep track of investments as well as give clients detailed financial and investment reports that can assist them in making important investment decisions.
The presence of many investment management software products in the market makes it difficult to know which one to trust for your needs, getting a complex software solution will only add more problems to your existing ones. This article will cover some crucial factors that you should keep in mind when looking for investment management software to ensure that you get the right product for your needs.
Top five major factors to keep in mind
– Ease of use
As an advisor, you have limited time to gather crucial financial information for your clients. This information is usually needed almost immediately so that investors can make informed decisions that can help them avoid getting into a trap with the progress of the business. Getting simple investment management software with a user-friendly interface can help you to use the system effectively and efficiently without needing extensive training to master how it operates. Remember that your main interest in the software is the information and insights that it is giving, not how complex the system looks.
– Security of your clients’ data
Financial advisors usually have many clients who want their services in managing their investments. This job requires the clients to ensure confidential information like financial reports and investment strategies with the advisor. As such, the advisor has to have a system that has excellent security features like data encryption and security updates to ensure that such data are safe and not accidentally shared with the wrong client. A financial advisor needs to find a reliable investment management software provider that is licensed to avoid getting into legal issues with the authorities for using illegal products
– Integration features
A financial advisor has several applications that can help them manage your clients’ businesses, like accounting apps and reporting tools. So it is important that when searching for investment management software, consider getting one that can integrate with these applications seamlessly. You do not want to involve yourself in manually gathering facts from different applications as it can be time-consuming. integration of investment software and other business apps ensures that information flows to their desired destination and the systems make real-time updates on the performance of the investment without a human feeding in data into the computer.
– Customisation options
Another crucial thing to look for in investment management software is customisation capabilities. You cannot give different clients the same form of information since businesses vary greatly and what may work for one company may not be appropriate for the other. The software should give you the ability to customize the reports, dashboards and data presentation to meet the specific needs of every client. customization feature allows financial advisors to give every client a tailored financial report that is appropriate only to them based on their portfolio.
Takeaways
You should consider the above factors if you want to get good investment management software that can offer you the best services. You will get quality software products that can meet different clients’ needs. It also ensures that you get a solution that will safeguard your client’s critical information that might be misused if it falls into unauthorised hands. You can learn more from https://www.titanium.com.au/software/funds-management/.
Merits of Hiring a Tax Agent Rockhampton
Perhaps the most dreaded yearly event for many people in Rockhampton is tax filing. For most people filing taxes is a complete mess no matter how they try to regularly sort and organise their receipts.
New tax laws further complicate the situation and hiring a tax agent Rockhampton seems to provide the perfect answer. Yet, what is a tax agent Rockhampton?
Tax Agent Rockhampton
An individual providing tax agent services in Rockhampton is the simple explanation of a tax agent Rockhampton. Also known as Public Accountants, their qualifications allow them to represent taxpayers and advise on all taxation laws of ATO or the Australian Taxation Office.
The specialisation of a tax agent Rockhampton in tax accounting authorises them to represent small organisations and businesses and perform all accounting duties. Ensuring that your tax agent is legitimate means that they are registered professionals of TPB or the Tax Practitioners Board.
Their license allows them to perform advisory and professional tax services. It means that hiring a tax agent Rockhampton provides assistance related to all tax matters, including tax payments and returns.
A good tax agent will take time to learn the inside and out of your business to develop:
- Better business analysis
- Optimum business structure
- Top protective strategies for your assets
Expecting more than just “numbers” are the quality services gained from hiring a tax agent Rockhampton. Being able to identify areas where your business can make more or save more money is gained when you opt to hire a tax agent.
Ideally, the skills that make a tax agent exceptional include:
- Business experience that goes beyond accounting
- Exceptionally good with numbers
- Good communicator
- Excellent project manager
- High technology literacy
- Good business advisor
Services Expected from a Tax Agent
The multiple services expected from a tax agent include:
- Taxation Law advisor
Being able to realise and understand the taxation obligations of your business is helped by a tax agent. This ensures compliance with all taxation laws and regulations.
- Handle the preparation of documents such as Tax notices and returns
Overpaying or underpaying taxes is avoided when a tax agent handles all tax documents including tax notices and returns.
- Install and implement accounting automation technology
Accounting software like Quickbooks, Reckon, SaaS, and many more is now the norm rather than the form for many businesses. Automation is crucial for any type of business, making your tax agent recommend the installation of these processes.
- Handle payroll services
Payroll is no longer done manually. A tax agent will likely use STP, an automated payroll software to interpret and apply taxation law reporting to all employees on your company’s payroll. The automated payroll system allows your business to stay compliant with the taxation obligations of ATO.
- Provide personalised tax services
Tax agent services are not confined to businesses alone. They can also provide personal tax services for individuals seeking help with their tax returns. Outsourcing a tax agent during tax time provides the best way to meet the deadline, provide proper tax documentation, and pay the correct amount due to the government.
- Help determine withholding obligations of businesses
Withholding taxes from the salaries of employees is required by ATO for all employers. It is the responsibility of a tax agent to determine the correct withholding tax amount to send to ATO.
To learn more about meeting your tax obligations, visit https://ctharrisco.com.au/.
Why should you hire a workplace lawyer?
It is common to get embroiled in a workplace dispute. Sometimes things can escalate quickly and this requires the call for a skillful legal team that responds immediately.
Find an employment law practice that specializes in all areas of workforce management. You will need to find a lawyer who knows about employee engagement contracts, industrial relations, and workplace safety. They should also know about resolving disputes, individual grievances, and terminations.
What does an employment lawyer do?
An employment lawyer provides more than just legal advice. They are master at creating cost-effective and focused solutions. An employment lawyer can help minimize risk and deescalate a situation. They can litigate a long and costly dispute on your behalf.
Whether it is a dispute with the workers or past employees, an employment lawyer will use certain strategies which will reduce the risk to a business’s productivity. In some cases, they can help with mediation, if that doesnt work out you can go for a court hearing. If it can’t be avoided, they have a team of perfectly suited individuals who can deescalate the situation quickly and effectively.
Work place lawyers support businesses who want to create a safe work environment and also empower employees to be more productive. An employment lawyer can present to boards on safety compliance and assist directors to meet obligations. They will review the policies and procedures to ensure that they meet the regulatory standards.
The employment lawyer works in close proximity with business owners to review the risk management plans and help prepare compliance registers. Employment lawyers also provide advice on crisis management and help in investigating potential breaches. Sometimes it is difficult to see whether a contract has been breached, but an experienced employment lawyer ensures they are able to handle the situation effectively.
A workplace lawyer will carefully draft up-to-date policies and employment contracts. These are the best ways to protect business owners against workplace disputes. Employment lawyers should be aware of the changes in employment law that include flexible work arrangement policies and they should share knowledge of any emerging risks and provide solutions for them.
Employment lawyers have experience defending individuals facing unfair dismissal claims in the Fair Work commissions and the Federal Court. They know that immediate settlements on favorable terms are the best way to mitigate the risk.
Workplace bullying and harassment claims are on the rise in Australia Lawyers regularly conduct and supervise workplace investigations. They ensure that everything is carried out fairly and justly. When mediation is required, the lawyer will include a number of mediators who will try to address bullying and harassment in the workplace.
Your lawyer can also help you prepare employee incentive schemes for listed or un listed business. These are in your best interest but at the same time provide meaningful incentives to the employees to keep them productive.
Speak with a reliable workplace lawyer to help provide you with the information you require and ensure that your business stays productive. You may also check out https://prosperlaw.com.au/employment-lawyer/.
What Makes Hiring Wills Lawyers Necessary in Canberra?
There are so many reasons why you should always have wills lawyers in Canberra. When you are still healthy and alive, you should always be prepared since the unexpected always happens. It would help if you also remembered that, as human beings, we are bound to die one day. Therefore, you have to be prepared for what will happen to your wealth and assets when you are not there. When this comes to your mind, the best thing that you can do is look for wills lawyers who will help you in different ways. In this article, we will discuss the many reasons why hiring wills lawyers is necessary.
Reasons Why Hiring Wills Lawyers is Necessary in Canberra
Most people tend to think that wills lawyers are only necessary when one passes on. However, they play so many roles and responsibilities and will help you in so many ways. The following are some of the reasons why hiring will lawyers is necessary in Canberra;
- They help you update your document in time
Documents like wills and trusts are not just prepared once and then kept and never rechecked. Instead, certain amendments need to be made depending on your financial conditions and life events. While most people will think that amending the wills and trust only involves editing the existing documents, there are so many legal matters that will require to be handled. If any step is skipped during the amendments or preparation of these documents, you will require so much more time to fix them, yet you may not have all the needed time. Fortunately when you have your wills lawyers, they will always make sure that all the updates on your documents are made in time.
- Helps one select trustees
When you are creating your will, choosing a trustee is a very critical decision that you need to make. The trustee has to be someone you can trust since they will have so many roles and responsibilities to play when you are no longer there. For instance, they will manage and monitor your funds and assets in your trusts. Also, they will be responsible for tax filing. You should always ensure that you choose your trustee wisely since not everyone can be a trustee. Your wills lawyers will always make sure that they help you select the best trustees that you can trust with your estate and funds.
- Helps you achieve estate planning goals
There are specific estate planning goals that one may have, and achieving them may be hectic, especially when you lack legal help. This includes things like minimising your tax liabilities, panning for disability and protecting your beneficiaries. The good thing about having wills lawyers is that they will always ensure that they understand your estate planning goals and ensure that they work with you so that you can achieve your goals. This makes them a significant investment in the process of your estate planning.
- They have ample experience
The wills lawyers you find in Canberra have been offering their services for quite some time. Therefore, you should be sure that they have handled cases that are similar to yours a number of times. For this reason, every turn and twist in the process is a very easy thing for them to tackle since they have ample experience in dealing with this kind of job. Additionally they will always identify and address any complications since they have your best interests in mind and have the knowledge on how to navigate the wills and estate law.
- It helps reduce the probate process
When the probate process is lengthy, it becomes costly for your heirs. This mainly happens when you do not have legal help when preparing a will. However, with the help of your wills lawyers, your documents will be prepared with clarity, ensuring that there is a clear probate process.
All the above are reasons why you should hire Canberra’s certified will lawyers. However, it would help if you were careful of the lawyers that you let. To be on the safer side, make sure that you hire competent and experienced wills lawyers that you can trust with your estate and wills planning and execution.
Why Should Small Businesses Look for Professional Insurance Brokers in NZ?
Is your small business insured? Do you have an insurance broker in NZ who can help you insure your business? Insuring your small business is very important for many reasons. For instance, small business owners can protect themselves against risks and unfortunate events. However, this can only happen when you work with suitable insurance brokers when choosing your coverage.
What Kind of Insurance Broker in NZ Should One Select?
If you are looking for an insurance broker, you have to be specific about the kind of broker you need. This will help you easily select the best insurance broker among the many you find in NZ. If you are searching for an insurance broker, ensure you are looking for a professional one. It is suitable for you to know that all sorts of people are masquerading as insurance brokers. You will put your business at significant risk if you are not careful about the brokers you select. However, when you choose professional insurance brokers, your business will benefit from this choice. You can explore leading insurance brokers in NZ here.
Reasons Why Small Business Owners Should Hire Professional Insurance Brokers in NZ
If you are a small business owner, having a professional insurance broker is important due to the following reasons;
Saves time and effort
Insuring a business involves so many things. For instance, you must select an insurance coverage suitable for your business, choose an insurance provider, and undergo complex insurance processes. All these things require so much time and effort. Unfortunately, you will have a tough time when you do not understand the insurance process and requirements. You will spend so much time and effort dealing with the insurance issues you might face. The good thing about having professional insurance brokers is that they will always have the work done quickly. Therefore, if you are looking for a way to have your insurance needs met and, at the same time, avoid any delays and mistakes, you should make sure that you have professional insurance brokers by your side.
Provides customized insurance coverage
Though most small business owners know that business insurance is essential, very few will be able to select the right insurance coverage for their business. This is because insurance is not their area of specialization. However, insurance coverage is different, just as every small business needs. Fortunately, when you have professional insurance brokers, they will ensure that they study and understand the needs of your small business. This will help them make sure that they select the insurance coverage that tailors to your unique insurance needs.
Accesses a variety of options
Professional insurance brokers have connections and networks in the insurance industry. This means they know different insurance companies that offer various insurance options. For this reason, when you partner with these insurance brokers, they will ensure that you access a variety of insurance coverage, ensuring that you pick the right one for your business.
Access professional advice
Another great thing about working with professionals is that they always offer professional advice. Therefore, you can make informed decisions that will impact your small business positively. Hiring professional insurance brokers will be an added advantage for your business insurance. Whenever you have any challenges with your small business’s insurance, you can get professional advice from your insurance brokers.
What Are Some of the Mistakes People Make When Navigating Personal Injury Law in Brisbane
Personal injury law can be overwhelming and complex for anyone who has never navigated the legal system. Therefore, you need to understand that if you make the wrong move, you can harm your case, and this could result in a smaller settlement than you deserve. To avoid these pitfalls, you need to be aware of the mistakes people are always making when navigating personal injury law and how you can avoid them.
Mistakes People Make When Navigating Personal Injury Law in Brisbane
If you have been currently injured and you feel that you need to be compensated for the injuries you suffered, you need to avoid making the following mistakes while navigating personal injury law in Brisbane;
- Failing to get medical attention
Failure to seek medical attention after your accident will negatively impact your personal injury case. To begin with, you will be risking your health if you fail to treat your injuries. Secondly, this weakens your case since it becomes very difficult for you to prove the extent of your injuries or how they are linked to the accident you were involved in. This means the defence will argue that your injuries were not severe, and this is why you did not need medical attention, which will weaken your case and make you get a smaller settlement. Therefore, you should always ensure that you seek medical attention so that you can strengthen your case and also find out how severe your injuries are.
- Delaying too long before you file a claim
The personal injury law provides a deadline by which any injured individual must respect when filing their claim in court. If you fail to file your claim within the stipulated deadline, you will have evidence, and your witnesses will forget the occurrences of the accidents. In addition, waiting for too long may make it harder for you to obtain your medical records. All these things will weaken your case and result in a smaller settlement, so it is important to file a personal injury claim in time according to the personal injury law.
- Not hiring personal injury lawyers when speaking with insurance companies
When navigating through personal injury law after an accident, you must speak with the insurance company to negotiate a suitable settlement for your case. Unfortunately, insurance companies do not care about your interests. This is why they will be willing to give you a very small settlement while they know that you deserve more. You must hire a personal injury law attorney when speaking with the insurance company to avoid making a huge mistake. Instead, have these lawyers present to negotiate on your behalf, ensuring you get a reasonable settlement.
- Failing to hire experienced personal injury lawyers
One of the main reasons most people have difficulty navigating personal injury law in Brisbane is that they do not have experienced personal injury lawyers. If you make these mistakes, you will be working with lawyers who do not have ample understanding, knowledge and expertise in personal injury law. Therefore, they cannot provide you with the professional guidance and support you need to navigate personal injury law. Turner Freeman are personal injury lawyers in Brisbane. You can give them a call to assist you with your specific case.
If you navigate the personal injury law in Brisbane, the above mistakes will affect your chances of a successful personal injury case. Since each mistake has negative consequences, you must avoid making them all at all costs. This way, you can receive a fair settlement for the injuries and damages you incur.
What Steps Should You Follow When Hiring Lawyers in Mackay
Have you ever hired a lawyer in Mackay? Did you have an easy time finding the right lawyers? Did you make any mistakes during this process? If you have never hired lawyers before, you may think that finding the right lawyers is a very simple process. Unfortunately, this can be a very stressful and challenging moment, even for those who have hired a lawyer in the past. However, you have no chance to make any mistakes since the lawyers you hire will determine how your case goes. For this reason, you must ensure that you follow the right steps when choosing the lawyers to hire.
If this is the first time hiring lawyers, the following section contains steps to follow during this process. They will help you avoid confusion or mistakes that make you select the wrong lawyers for your case.
Steps to Follow When Hiring a Lawyer in Mackay
The following are the steps that you should follow whenever you are hiring your lawyers in Mackay ;
- Determine your needs
This is one of the most important steps you need to follow when hiring your lawyer. Before you begin your search for lawyers to hire, defining your legal needs is an important decision. When you define your needs, you will have a better chance of knowing the kind of lawyer you need to hire. Also, this helps you find a lawyer who can meet your needs.
- Research potential lawyers
Conducting thorough research on potential candidates is essential when looking for a lawyer. In your research, you need to look into several things, including the qualification level, experience and reputation of your potential candidates. Also, you could dig deep into their websites to learn more about their professional associations and online reviews from their previous clients. In addition, consider researching the area of specialisation of these lawyers. This extensive research will help you identify the right lawyers for your case and avoid hiring the wrong lawyer.
- Ask for referrals
You will also need to ask friends, relatives, co-workers and neighbours for referrals to the lawyers they have hired in the past. However, the people you ask for referrals should be the people you trust since others can give you biased referrals. Depending on the referrals you get, you can determine if there is any lawyer among your potential candidates you can consider hiring.
- Schedule a meeting
After researching and asking for referrals, you should schedule consultations with several lawyers. This will help you understand your potential solicitors better and also find out if they are experienced in your case, as they say on their website.
- Consider communication style
During consultations with your family lawyer, you should determine if they have great communication skills. The kind of communication skills your potential lawyer has will determine if you will be well-informed during your legal process.
- Discuss your expectations and fees
You should also discuss your expectations and legal fees with your potential lawyer . This way, you will be able to tell the lawyer, who will meet your expectations and charge you the amount of legal fees you can afford.
- Trust your gut
After doing everything above, you must decide on the lawyers to hire. Remember that your family story is very crucial in your legal issue. This is why you need to trust your gut when deciding on the lawyer to hire.
Follow the above steps before you decide on your candidate. Your lawyer plays a great role during your legal process, so you must ensure you select the top lawyers Mackay has.
Best Benefits of Hiring a Conveyancing Solicitor Gold Coast
Perhaps one of the most momentous decisions for anyone living on the Gold Coast is investing in a residential or commercial property. Property title transferring, selling, or purchasing property is all part of property investment.
Conveyancing is the legal term applied to any legal process involving the transfer of property title from one entity to another. And when it comes to conveyancing, hiring a conveyancing solicitor, Gold Coast is the smartest way for executing above-board deals.
A conveyancing solicitor, Gold Coast is needed for the following transactions, namely:
- Commercial including retail leases
- Purchasing or selling both industrial and commercial property
- New titles and subdivisions
- Purchase or sale of business contracts
With the above scenarios, hiring a conveyancing solicitor is imperative. Opting to do so provides multiple benefits, including:
Ensure contract satisfaction
Buying and selling a property involves two parties. A buyer without a conveyancing lawyer will have to contend with the conveyancing specialist of a seller. This is a difficult situation to be and most likely end up short by the deal.
Hiring a conveyancing lawyer at the outset ensures contract satisfaction for the buyer and seller as well. The various legal pitfalls during the conveyancing of the property are avoided with a lawyer in your corner.
Financial organisation
A conveyancing lawyer will do all things possible to ensure a favourable outcome for his client. It includes helping a client understand the availability of different types of property funds or mortgages. Doing so will make the client decide on the most compatible financial process for a potential property.
Provide an estimate of expenses
Conveyancing involves expenses from search fees, stamp duty, and many more. A good conveyancing lawyer will inform and make his client understand the purposes of every fee paid. Any mortgage amount involved is ensured timely deposit when handled by a conveyancing lawyer.
Handle all legal aspects of the conveyancing
The title of a property may contain provisions and conditions that can obstruct the acquisition of permission. In another situation, a title can show provisions or restrictions on what is allowed and not allowed with the property. A conveyancing lawyer will be able to explain every property restriction or provision to his client. He will be the staunch supporter of his client in whatever decision is made.
Provide reputable real estate agents
Selling a property needs help from real estate agents. Selling a property at a fair price is the skill real estate agents bring to the table. A conveyancing lawyer is a good source when it comes to providing reputable real estate agents. His regular property dealings allow the lawyer to become an expert in choosing the best real estate agent to handle the sale.
Transparency at all times
A good conveyancing lawyer will always be transparent with his client about all processes of conveyancing. Conveyancing is a tricky legal process involving numerous rules and regulations.
Hiring a reputable conveyancing lawyer ensures lawful navigation through the intricacies of conveyancing.
Stress reduction
Purchasing or selling a property is one of the most stressful processes for anyone. The entire process becomes stress-free with a lawyer providing the needed confidence and assurance. The knowledge and experience of the conveyancer make them a worthwhile investment in all conveyancing processes.
Ensure a thorough property search
Properties for sale often show potential issues that can become a big headache down the road. A conveyancing lawyer will perform a thorough property search regarding past owners, boundaries, and more before giving the go signal to a client.
The Specialisations of Management Consulting
Among the numerous professions in the field of business, management consulting is a unique and specialized field that involves helping organizations make the most out of their management systems. This profession is a growing one with the potential to be very lucrative. In this article we’ll explore the many specializations that are available to those interested in this field, and we’ll look at the career outlook for management consultants.
Purposes of a management consultant
Besides helping an organization achieve a specific goal, management consultants have other important functions. They perform analysis, evaluate processes, find solutions to problems, and recommend alternative strategies.
Consulting firms vary in size and focus, from end-to-end solutions to niche firms with specialized expertise in specific industries. They may be engaged to review operations, launch new corporate initiatives, or downsize an organization. They typically bill by the hour, but business advisors may also work under fixed-fee contracts.
Consulting firms often work with public sector organizations. They also provide guidance to organizations in all sectors. Many firms provide training for recent graduates.
The best management consultants can help their clients identify what they want to achieve and support them in achieving it. They can also advise on strategic plans, innovation strategies, and cost reduction strategies.
A good management consultant will have good communication skills, an understanding of processes, and the ability to turn data into actionable intelligence. He or she also needs to be self-motivated and organized. Management consultants must be able to work with people from various levels of an organization.
Management consultants are often hired by senior leadership to solve problems. The client may have a specific problem, or they may want to know how to acquire or manage a specific business or financial policy. They may also want to understand the best way to communicate internally.
Some of the more common specializations in management consulting include financial consulting, information technology consulting, human resources/staffing, management/strategy, and healthcare consulting. These specializations require different skills and training.
A management master’s degree or MBA with consulting concentration can increase the chance of being hired. These programs teach critical skills such as planning, risk management, and business development. It also prepares students for a career in the booming industry.
Management consultants are often employed by large firms, but there are also opportunities to work as self-employed professionals. Management consulting can be a fulfilling and rewarding career with lucrative exit opportunities. A management consultant’s job includes working with senior teams, conducting research, and preparing presentations. Management consultants are often required to work long hours and have to develop a wide range of business skills.
Career outlook for management consultants
Using business skills and strategic thinking, management consultants advise organisations on how to improve performance and adapt to new technologies and changes in the regulatory environment. They may also be called upon to develop growth strategies and assist with mergers and acquisitions.
They also engage in thought leadership, publishing papers on their industry expertise and building their authority. Some firms may prefer to hire candidates with an MBA or PhD.
The salary for a management consultant varies widely, depending on the company, the industry, and the level of experience. For example, a junior consultant can earn PS25,000 to PS33,500 with a large firm, while a senior management consultant can earn PS125,000. Management consulting can be a highly profitable career. In addition to a reasonable salary, management consultants can benefit from bonuses and other incentives.
Depending on the consulting firm, some workers may receive on-the-job training. However, most managers and supervisors gain their experience informally. They are responsible for a small team and oversee a portion of a project under close supervision of a senior manager.
Management consultants may have to deal with high stress levels and tight deadlines. They can also be expected to work long hours away from home. They may need to deal with mergers, acquisitions, and other organizational restructuring projects.
How to Choose a Property Investment Company
Choosing pretty much any real estate investment is enabled for first-time or experienced investors by a property investment company. Hiring the services of a reputable property investment company allows you to invest in:
- Warehouses
- Land
- Single-family rentals
- Stores
- Large apartments
- Small apartments
- Commercial office space
- Flipping houses
- Lend money to other investors
Your financial goals determine your choice of property investment companies. Some companies aim at long-term appreciations, with others focused on short-term returns. Then there are also companies offering slow appreciation by giving dividends every quarter.
With this said, protecting your hard-earned money means choosing the best property investment company. The quality of your investment is ultimately decided by your choice of a property investment company.
Doing your homework is the surest way to come up with the best informed decision. And choosing a company because of their appealing website is not the way to do this. Rather, the following qualities must come into play for you to get the best property investment company:
Will they also manage your property?
Some property investment companies offer property management, and some don’t. For instance, some property companies will help you purchase and renovate a multi-family rental property. However, they will not help you manage your property such as vetting tenants and taking care of the paperwork and property.
Hiring one of the leading property investment groups that also offers managing your property is a sound idea if you’re new to the game. However, you should also practice more diligence in your choice as much as the property you’re investing in.
A real estate property is an expensive asset and entrusting them to a property management company needs serious research. Trust is the important component in this type of relationship since real rent visibility is not with you. Vet your company to avoid ending up with bad tenants and damaged property!
Long experience is a must
Long experience is a must when it comes to real estate investments. The quality of your investment is ultimately seen in your choice of a property management company. The bulk of your diligence should be spent on researching the reputations of potential property management companies. Speaking with past investors is one of the smartest ways to learn about the outcomes provided by a property management company. Going this route is the best way to protect your investment down the road.
Company fees matter
There’s no standard fee when it comes to real estate deals. It means that fee negotiation will always be on the table between you and a property management company. It also means that every company offer varied fees. The fees charged by the property investment should be factored in before signing on the dotted line.
Matching goals
Your ROI goals and that of the company’s should match. For instance, a company offering a 10% ROI when you want a 15% ROI should not be considered. This also applies to companies that are focused on a single type of property that you’re not interested in. Some companies offer a strong offering on one asset and a small offering on another. This happens when the company is exploring a new area. However, going for a company showing a strong offering in assets you’re interested in should be the top choice. It prevents you from funding a new area the company is still exploring.