Tag Archives: properties

Clan Gordon driven to provide the best letting experience in Edinburgh for both tenants and landlords

EDINBURGH, United Kingdom, 2020-Jan-30 — /REAL TIME PRESS RELEASE/ — A LEADING Edinburgh letting agent has added a record number of properties to its portfolio in the last year – thanks in part to stronger legislation impacting the sector.

Clan Gordon, which focuses on high quality homes in or near the city centre, has seen its properties under management now exceed 500, growing by three per week on average – with 152 additional homes on its books in the latest 12 months to December.

The surging growth has largely been the result of switches from other letting agents where landlords were either unhappy with the level of service they were receiving or sensed a lax approach to the new regulations governing the sector.

Growth has also been driven by properties taken over from letting agents which have been forced to exit the sector as they were unable to meet the requirements of the new Letting Agent Code of Practice or, in one case, had been forced into liquidation.

Jonathan, who founded the business alongside his brother, Andrew, in 2008, believes it is a clear sign that the industry must continue to drive up standards – and that by protecting and respecting tenants, landlords can enjoy an improved and more profitable outcome.

He said: “It’s nothing less than a pivotal time for the sector – and with the approach Clan Gordon has taken we can only see our market share continue to expand.

“Edinburgh continues to see demand for long-term rental increasing while supply simply can’t keep up.

“While some landlords and agents may look to maximise short-term gain, a healthy relationship with the tenants, which we strive for at Clan Gordon, can produce a far better outcome for all parties. It creates fewer issues, cuts unnecessary turnover and typically results in a greater long-term financial return for the landlord.”

The latest Letting Agent Code of Practice and Letting Agent Registration introduced by the Scottish Government is seeking to increase professionalism in the sector.

It means that both landlords and tenants can challenge poor practice – and enforce it through a tribunal if necessary. Agents must now ensure all owners and managers are trained and have a qualification at (or at the equivalent of) Scottish Credit and Qualifications Framework (SCQF) level 6 or above.

As a Firm of Surveyors which has been regulated by the RICS (Royal Institution of Surveyors) since they started almost 12 years ago, Clan Gordon already met all of the requirements of the new Code of Practice and goes above and beyond this by ensuring all employees – not just managers – are qualified to this level.

Across the new properties, the letting agent took over 12 properties from CMC – after it went into liquidation. A further 20 properties switched from an English agent unwilling to join the new Letting Agent Register. A total of 50 transferred from an Edinburgh agent also unable to meet the new requirements.

A further 70 new properties are the result of switches from other agents, or from new landlords altogether.

Jonathan added: “We’re driven to provide the best letting experience in Edinburgh for both tenants and landlords.

“That means we already go the extra mile. We believe that the vast majority of landlords are looking for an honest, open and efficient service and are pleased to see these efforts to try to drive up standards across the board in the sector.

“We are super proud of the growth in our portfolio of managed properties and with our fantastic team and the philosophy we have put in place we aim to see our success – and reputation in the sector – continue to soar.”

Clan Gordon is one of Edinburgh’s leading letting agents, is RICS and ARLA accredited – and is dedicated to raising standards in the private rented sector for landlords and tenants.

For more information on Clan Gordon, visit https://www.clangordon.co.uk/

Contact details:

Jonathan Gordon
Clan Gordon Ltd
Unit 1,
1 Carmichael Pl,
Edinburgh
EH6 5PH
0131 555 4444

Large Japanese property corporation entered the Australian & NZ serviced Apartments/accommodation Industry

JAPANESE RENTAL HOUSING MANAGEMENT COMPANY BUYS WALDORF SERVICED APARTMENTS

Sydney, Australia, 2017-Feb-02 — /REAL TIME PRESS RELEASE/ — Daiwa Living Management Co. Ltd (DLM), one of the largest Rental Housing management companies together with Cosmos Initia Co, Ltd (CI), a Residential Developer in Japan, have jointly purchased 75% of Waldorf Australia and New Zealand Group.

Waldorf is a privately owned company which commenced operations in Sydney in 1982. Since then, the business has grown to more than 1,500 apartments and operates in Sydney, Central Coast, Canberra, Leura, Geraldton, Perth and Auckland.

Waldorf is currently one of the largest Serviced Apartment operators in Australasia. DLM manages approximately 500,000 rental housing properties across Japan.

The Serviced Apartment business has undergone significant transformation in Australasia in recent years with almost all leading operators entering into ‘Joint Ventures’ with international operators.

DLM and CI are subsidiary companies of Daiwa House Industry Co. Ltd, the largest publically listed Construction and Development Company in Japan.

“The sale to DLM Group will bring forward our plans to further improve services and allow the business to expand significantly in the coming years.” said the Waldorf Group founding Director and CEO, Avi Rubinstein. He added that “We expect to grow our business to more than 5,000 apartments in time and this will greatly enhance our brand awareness and increase our competitiveness.”

“Serviced Apartments are an attractive alternative to Hotels as they offer spacious, high quality self -contained accommodation at reasonable prices and they are becoming increasingly attractive to domestic and international tourists as well as to the corporate traveller.” Mr Rubinstein said.

DLM has been seeking an opportunity to enter the Australasian market and is excited about the Waldorf acquisition. Waldorf is a well-established and successful business which is ‘scalable’ and presents DLM with an ideal platform to grow across many sub markets in both Australia and New Zealand.

The existing owners of Waldorf will continue their involvement in the business as Directors and their main focus will be to acquiring new properties for the newly enhanced group.

ENDS

For further clarification, please contact Avi Rubinstein at webmaster@waldorf.com.au

Contact-Details:
Avi Rubinstein, Waldorf Australia & NZ Group
110 James Ruse Drive,Rosehill, NSW 2142
Tel 02 88378000
www.waldorf.com.au

Realter (Rltr) Approved As Official Title For Real Estate Professionals Worldwide

IPO Approves Realter [Rltr] as official title for real estate professionals worldwide

MARIKINA, PH, January 14, 2013, 5:16 am — /EPR NETWORK/ — There is a new officially approved professional title for real estate practitioners — Realter. This word will soon find its way as new entry in the dictionary, and it will read as follows:

REALTER. Definition: [A patented service mark. Pronunciation: \\rē(-ə)l-tər, rē-al-tər\\.Abbreviation: Rltr.. Plural: Realters. Verb intransitive: Realteer. Verb present participle: Realteering. Verb past participle: Realteered]. Referring to real estate service practitioners who are registered in Realter Society and given extension of license by its patent owner. Realter and its abbreviation Rltr are exclusively used as professional titles before the names of members of Realter Society worldwide.

After 14 months of due diligence by experts in the Intellectual Property Office Philippines (IPOPHIL), the RLTR REALTER SOCIETY INTERNATIONAL 2011, its website REALTERSOCIETY.ORG, its service mark (logo), and manner of use were finally approved on 28 September 2012; and awarded with Trademark Registration No. 42011990441.

Real estate practitioners anywhere around the world, regardless of nationality, who want to use this prestigious Realter (Rltr) professional title may individually apply for extension of patent license by registering in Realter Society. The innovator defines the term professional practitioner as a service provider who does it for a living (for a fee).

Qualified to register are real estate financiers; agents such as brokers, salespersons, auctioneers, referral agents, buyer agents; dealers, short sellers, operators of for-sale-by-owner (FSBO) advertising facilities; administrators of condominium and subdivision homeowners associations; general managers of hotels, resorts, and golf and country clubs; registrar of deeds; educators; builders such as developers, architects, interior designers, construction consultants; valuers such as appraisers, assessors; documenters such as liaison officers, publishers of real estate classified ads, photographers; and scholars.

Realter Society members get the following rights: (1) the right to use the patented Realter and Rltr professional titles and logo, (2) the right to enjoy the award policy of Realter Society, and (3) the right to wear exclusive insignia products of Realter Society.

A person with a Rltr title before his/her name need not explain too much that he/she is in the real estate sector. The Rltr title bearer enjoys the automatic public perception that he/she is a real estate service practitioner.

Rltr title operates like a powerful slogan; it is short, easily said, catchy, and has quick recall factor. Since it is a new title, having it in your business card would trigger curiosity, then it becomes a conversation starter which can possibly propagate to customer inquiries that may open up a wide door of business opportunities for the Rltr® title-bearer.

Realter Society is designed solely as REGISTRY of the Rltr® title users. Realter Society does NOT offer real estate products (such as house, lots, condo units, burial lots, etc.) nor services (such as agency, appraisal, build consultancy, etc.). Realter Society has no intention to compete with the respective businesses and organizations of its individual members.

The individual membership registration fee in Realter Society is P2.00 per day, prorated from the day the person registers up to the general renewal date of 28 September 2022. Incumbent Assessors of Local Government Units and Regional Directors of Registry of Deeds are exempted from the membership fee.

The innovator of this new professional title is Rltr. John R. Petalcorin, born in Maramag Bukidnon PH in 1973, a product of the College of Economics and Management of the University of the Philippines at Los Banos, and a licensed real estate broker since 1998 specialized in pro bono consumer rights advocacy and peer coaching.

###

CONTACT INFORMATION

Rltr. John Odonnell R. Petalcorin
Founder, Realter Society
#5 Houston Street, Rancho 3
Concepcion Dos
1811 Marikina City, Philippines

Email: JohnPetalcorin@Gmail.com
CellPhone: 63921-7172040 (Smart)
Mobile Land-line in Metro Manila: 632-5830858
Website: http://realtersociety.org

SMJ Property Group Acquires Three Building Multi Family Portfolio in Jersey City for $1.57 Million

SMJ Property Group, a family owned and operated New Jersey real estate investment company has announced the purchase of three separate apartment properties totaling 28 units in the Heights section of Jersey City.

Jersey City, NJ (USA), Tuesday – December 06, 2011 — SMJ Property Group ( http://www.SMJPropertyGroup.com ), a family owned and operated New Jersey real estate investment company has announced the purchase of three separate apartment properties totaling 28 units in the Heights section of Jersey City according to Steven Porada, head of acquisitions at the company.

The first building located on South Street is an 8 unit building featuring all one bedroom apartments and commanded a purchase price of $434,000.

The second building, located on Sherman Avenue also has 8 units, all one bedroom apartments, and commanded a purchase price of $449,000.

The third building, located on Hutton Street has 12 units, has all 2 bedroom apartments and commanded a purchase price of $687,000.

All three properties were purchased from by the same owner who is a private real estate investor.

Investment specialist Steven Porada, assisted by brothers Michael Porada and Jonathan Porada, headed the transaction.

“It was a great transaction for both buyer and seller. The seller benefited from the ease and convenience of a single buyer for all three properties. We as the buyers were able to simultaneously close these three transactions, efficiently adding these properties to our portfolio” says Michael Porada.

The three new mortgages were originated from the NJ branch of a New York based community bank at a rate of 5.25%, fixed for 5 years and amortized over 30.

This transaction brings SMJ Property Group to its fifth Jersey City acquisition and their sixth acquisition in Hudson County for the year 2011.

“We have a few closings pending, one similar to this one in which we are purchasing a four building portfolio from a single owner in Harrison, NJ. In addition to that, we have more deals in the pipeline that we are confident will be closed on before the years end. Investors entertaining the idea of selling their Hudson County multi-family properties are encouraged to contact us” added Steven Porada.

About SMJ Property Group:
Established in 2010, SMJ Property Group focuses on multi-family acquisitions in Hudson County, NJ. Their concentration is on mid-rise apartment properties primarily in the towns of Weehawken, North Bergen, West New York, Union City, Jersey City, Harrison & Kearny. For more information you can visit their website at http://www.SMJPropertyGroup.com

Press & Media Contact:
Steven Porada
SMJ Property Group
20 Condict Street
Jersey City, NJ 07306
201-640-8134
Steven@SMJPropertyGroup.com
http://www.SMJPropertyGroup.com