Vennu’s Post

Five easy ways to drive business growth from your space Business NSW provides support to businesses of all sizes to help them become more productive, sustainable, competitive, and profitable. We are excited to partner with them to tackle the challenge of filling underutilised space and harnessing idle capacity to generate more revenue through Vennu. Organisations big and small all own underused facilities. Vennu delivers significant benefits for asset owners, including: Increasing revenue: Unlock the potential of your idle assets. Create new revenue streams by renting out underutilised spaces. Whether it's a meeting room, studio or event area, you can quickly and easily turn unused space into income. Reduce overheads: Streamline the management of taking bookings, take the stress out of payments and showcase your space and availability directly to potential hirers. Vennu simplifies processes, saves time and eliminates administrative headaches. Increase visibility: Connect with diverse and engaged audiences actively looking for unique spaces. Gain direct exposure to potential renters who might not find you through traditional channels. Put yourself in control: From setting pricing and availability to defining usage terms, Vennu gives you complete control over your listing and rental conditions. The easy-to-use system has inbuilt tools to tailor the promotion of your space to suitable hirers and allows you to maintain full control. Strengthen community engagement: Drive ESG activity by engaging with your local community and taking a sustainable approach to asset management. Enable suitable community groups and charities to use your space and support greater use of facilities in NSW. Opening your space to bookings doesn’t just drive revenue, it is how you can enhance your organisation's reputation and foster positive relationships within your community. Vennu provides the digital platform and professional services to support you in driving more revenue from your space. The innovative solution is cost-effective, customer-centric and easy to use. Become a Host and join hundreds of other owners of unique and unused spaces in delivering new revenue to your business. https://lnkd.in/ddcMJh7V https://lnkd.in/d_a3ZvRj Dan Macias, Nicole O'Donnell, Pierce Nicholson, Ramanpreet Wadhwa, Rechelle Leahy, Michael Mekhitarian, Simon Harrop, Janine Cullen OAM, Paula Martin, Gemma S.., Ruby Soeterboek, Tim Fares, Melissa Thompson, Donna Payne, Kerrie Sheaves, Shefali Pall, Kate Dezarnaulds, Kristie Atkins, Rona Morgan, Jennifer Cook, Scott Coles #businessnsw #businessgrowth #vennu #communityspace #communityconnection

Whether you’re a first-time investor or an experienced landlord looking to expand your portfolio, it pays to know what tenants want.   Understanding current trends in the market will help you fine-tune your rental marketing strategy and ensure that any improvement work you undertake proves to be of good value.   So, what are tenants looking for in 2024? Let’s take a look.   Affordability   Given we’re in a cost-of-living crisis, it’s not surprising that affordability is the top concern for tenants.   With the average UK monthly rent now sitting at £1,348*, more tenants are renting with others or moving into smaller properties to ease the financial burden.   When it comes to setting rents, landlords must balance their own costs in the face of higher interest rates and inflation with the need to remain competitive in the local market. (Get in touch if you’d like advice about rent-setting or more information about rents.)   Good location   A recent study** found that proximity to public transport and amenities was the second most important factor for tenants.   Interestingly, tenants also noted the importance of the safety of the surrounding area when choosing a rental, perhaps reflecting concerns about crime and anti-social behaviour.   Outdoor space   Access to outdoor space really came to the fore during the pandemic – and is still a significant drawcard for tenants today. Even now, in these post-Covid years, gardens are popular with renters, especially those with children or pets.   Access to parking    The study found that 12% of tenants wanted access to a parking space, a trend perhaps associated with the growing popularity of electric cars and the need to charge them.   Workspace and wi-fi   While many people have returned to the office post-pandemic, others have settled into a hybrid working pattern where they work from home at least some of the time. Hence, many tenants place importance on home-working space (which didn’t even exist as a concept ten years ago).   While good wi-fi is obviously important for homeworkers, even those who don’t work from home value reliable internet access. The popularity of gaming and streaming means that superfast broadband is important to most renters.   If you’d like to learn more about our property management services, contact us here at Village Properties today.   * Source: Hamptons ** Source: CBRE

Scaling real estate is not for the faint-hearted. The real estate market in the US and EU is facing some of its biggest challenges right now. Here's what I think CEOs and hospitality executives should focus on this quarter. The real estate market is in a state of flux. Rising interest rates, supply chain disruptions, and changing consumer behavior are just a few of the hurdles. These factors are making it harder for businesses to scale effectively. When I faced similar challenges, I knew I had to think differently. Instead of following the traditional path, I helped a #realestate founder adopt a more innovative approach. First, I prioritized data-driven decision-making. By leveraging advanced analytics, I was able to identify emerging trends and make informed choices. This helped me stay ahead of the curve and mitigate risks. Second, I focused on building a resilient supply chain. By diversifying suppliers and investing in technology, I ensured that my operations could withstand disruptions. This approach not only reduced delays but also improved overall efficiency. Third, I embraced flexible workspaces. With the rise of remote work, I saw an opportunity to optimize real estate usage. By creating adaptable spaces, I was able to cater to the evolving needs of my clients and employees. Here are some actionable steps for CEOs and hospitality executives to consider: 1. 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲: - Utilize advanced analytics to gain insights into market trends. - Implement automation to streamline operations and reduce costs. 2. 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧𝐬: - Identify multiple suppliers to avoid dependency on a single source. - Invest in technology to improve supply chain visibility and resilience. 3. 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐞 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐔𝐬𝐚𝐠𝐞: - Embrace flexible workspaces to adapt to changing work patterns. - Consider co-working spaces to maximize utilization and reduce overheads. 4. 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞: - Leverage technology to enhance customer interactions and satisfaction. - Personalize services to meet the unique needs of your clients. 5. 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐄𝐒𝐆 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬: - Invest in sustainable practices to reduce environmental impact. - Implement ESG (Environmental, Social, and Governance) strategies to attract investors and clients. By adopting these strategies, you can navigate the current challenges and position your business for long-term success. Let's engage and discuss further. What strategies have worked for you in scaling your real estate business? Share your thoughts and experiences in the comments below. #RealEstate #ScalingBusiness #HospitalityIndustry #SupplyChain #Technology #FlexibleWorkspaces #CustomerExperience #Sustainability #ESG #BusinessStrategy

Credit to Ivo van Breukelen April 18, 2024 Asset repurposing https://lnkd.in/gwJBCgkc New York is undergoing a complete metamorphosis. With an office occupancy from around 50% of pre-pandemic levels, the city is now transforming to a city that is built around pleasure. Around 56 million people visited New York last year for leisure purposes. Just as Calgary is looking to convert six million square feet of space to other non-office uses, such as residential, hotels, education, or performing arts venues. Asset repurposing in real estate has emerged as a strategic approach to transform underutilized properties into valuable and functional assets. With changing market dynamics, urbanization trends, and evolving societal needs, repurposing offers an opportunity to breathe new life into existing buildings and spaces, unlocking their potential for alternative uses. This innovative approach allows real estate developers, investors, and communities to adapt to shifting demands, maximize returns on investment, and contribute to sustainable urban development. There are a few drivers that are influencing this trend 1). Uncertainties about occupier demand: The adoption of hybrid working models will likely lead to a reduction in occupiers’ footprints. There is a shift towards more collaborative spaces and more health and wellness-centric buildings. This has also resulted in a compression of a building’s life cycle and an accelerated rate of obsolescence. 2). Retail: The lack of return of footfall to stores after the pandemic is one of them. Some retail properties, especially those that were struggling before the pandemic, may never regain their pre-Covid revenue. Additionally, the lack of international travel has had devastating consequences. 3). Tourism: International tourist arrivals in the APAC region have declined by 84% mid 2020. In the same year, tourist arrivals in Hong Kong and Singapore declined by 94% and 85%. Hotels naturally took the hit with significant declines of more than 50% in revenue per available room. 4). Sustainability: Naturally, the ESG factor of repurposing instead of demolishing are attracting for investors. 5). Industrial: the boost in e-commerce consumption has increased the demand for logistics space and data centers. Additionally, the increased importance of life science (during pandemic) has increased the need for comprehensive biomedical manufacturing facilities. Officially converted In the heart of big cities like London, New York, San Francisco or Toronto, office conversions can create hundreds of thousands of new apartments, creating more affordable housing. 6). Mall-eable: Local governments across the US are converting unused strip centers and malls into housing or mixed-used developments, mainly to address the shortage of affordable housing.

Renting a property is a significant decision, and understanding the differences between build-to-rent and traditional renting can help tenants make informed choices that align with their lifestyle and preferences. Let's delve into the key differences: **Build to Rent (BTR): ✅ Purpose-Built Properties: BTR developments are purpose-built rental properties, designed and constructed specifically for tenants. These properties often feature modern amenities and communal spaces tailored to meet the needs of renters. ✅ Professional Management: BTR properties are typically managed by professional management companies, ensuring efficient maintenance, responsive customer service, and a seamless renting experience. ✅ Long-Term Stability: BTR leases often offer longer tenancy terms, providing renters with greater stability and security in their housing arrangements. ✅ Community Focus: BTR fosters connections with fellow tenants through shared spaces and events. **Traditional Renting: ✅ Existing Housing Stock: Traditional renting involves leasing individual properties within existing housing stock, which may vary in quality and amenities. ✅ Landlord Management: In traditional renting, properties are often managed by individual landlords, whose level of involvement and responsiveness to tenant needs can vary. ✅ Shorter Lease Terms: Traditional rental agreements may offer shorter lease terms compared to BTR properties, leading to more frequent turnover and potential instability for tenants. ✅ Limited Community Focus: Unlike BTR, traditional renting may lack communal spaces, impacting the sense of community among tenants. The choice? It's yours! Whether you prefer BTR's modern amenities and community vibe or the flexibility of traditional renting, understanding these options empowers you to find the perfect fit for your lifestyle and needs. Happy renting! Follow us for more insights and tips about properties. #BuildtoRent #TraditionalRenting #UKRentalMarket #Empowerment #HappyRenting

Institutional investment in rental properties is rising in SA, and it's good news for tenants! 🏢 These investments often lead to upgraded properties, better amenities, and professional management. Tenants can expect a more comfortable and secure living experience. Check out https://lnkd.in/dpN5ySjY for more details on this exciting trend. #rentalproperties #institutionalinvestment #tenantbenefits #propertymanagement #SAproperty

Are you struggling with rental payments, tenant onboarding, safety compliance, maintenance headaches, or tenant satisfaction? Whether you're a Build-to-Rent developer or a social housing provider, being a landlord isn't easy - but there are tools that can help. Our latest blog explores the top five paint points for today's landlords, with advice on how PropTech can be used to solve these common issues. To discover the benefits of utilising PropTech for your rental properties, read the blog in full at: https://lnkd.in/eYrahgHC #landlords #proptech #btr

Renting a property is a significant decision, and understanding the differences between build-to-rent and traditional renting can help tenants make informed choices that align with their lifestyle and preferences. Let's delve into the key differences: **Build to Rent (BTR): ✅ Purpose-Built Properties: BTR developments are purpose-built rental properties, designed and constructed specifically for tenants. These properties often feature modern amenities and communal spaces tailored to meet the needs of renters. ✅ Professional Management: BTR properties are typically managed by professional management companies, ensuring efficient maintenance, responsive customer service, and a seamless renting experience. ✅Long-Term Stability: BTR leases often offer longer tenancy terms, providing renters with greater stability and security in their housing arrangements. ✅Community Focus: BTR fosters connections with fellow tenants through shared spaces and events. **Traditional Renting: ✅Existing Housing Stock: Traditional renting involves leasing individual properties within existing housing stock, which may vary in quality and amenities. ✅Landlord Management: In traditional renting, properties are often managed by individual landlords, whose level of involvement and responsiveness to tenant needs can vary. ✅Shorter Lease Terms: Traditional rental agreements may offer shorter lease terms compared to BTR properties, leading to more frequent turnover and potential instability for tenants. ✅Limited Community Focus: Unlike BTR, traditional renting may lack communal spaces, impacting the sense of community among tenants. The choice? It's yours! Whether you prefer BTR's modern amenities and community vibe or the flexibility of traditional renting, understanding these options empowers you to find the perfect fit for your lifestyle and needs. Happy renting! Follow us for more insights and tips about properties. #BuildtoRent #TraditionalRenting #UKRentalMarket #Empowerment #HappyRenting

In the dynamic and ever-evolving arena of Real Estate, the game is constantly changing, my friends. Just like a chameleon, we must adapt and adjust our colors according to the scenery. Today, I want to shine a floodlight and illuminate some insights on one of the most critical aspects, the neighborhood. 🏡 Location, location, location! The neighborhood is pivotal! You've heard it before and I bear the same prophecy. Both the tangible and intangible aspects are ruling the roost. From the nearby parks and schools to the crime rates and vibrancy, it all adds and subtracts value. Tip: Don’t just rely on what you find online. The ambiance can only be absorbed in person. 🔬 The devil is in the details. If you're a buyer, don’t rush. Peruse the area at different times of the day. Early mornings, late nights; weekdays, weekends; rush hours, slow hours. Observe, participate, mingle. Every element can have an impact on the overall living experience. 💡 The 'Future' Factor. A future-oriented vision is the most powerful tool you can have. What could the neighborhood look like in 5, 10, or 15 years? Will the hip café remain captivating or fade into redundancy? Will the planned infrastructural developments amplify the value or dilute it? 🧩 Fit for function. Ensure the neighborhood caters to your needs and lifestyle. If you're a pet parent, are there pet-friendly services around? If you're setting up a startup, is it a vibrant hub for entrepreneurs with coworking spaces nearby? Customize to optimize, my friends. 💫 The Emotional Connection. Last, and definitely not least, is the ‘feel’ of a place. The tangible factors are vital, no doubt, but is it a place where you can envisage a long, comfortable life? A place where you feel connected, safe, and content raining and shining your days away? What do you look for in a neighborhood? What stands out in your neck of the woods? Let's unpack these insights in the comments below. Remember - Don't just invest in bricks and mortar, you're investing in a lifestyle, a community, and a future that aligns with your vision. Adapt, absorb, and envision. Stay adaptable to change, my friends. Staying stagnant will only make you a sitting duck. The word of the day? Adaptability. Embrace it, live it, embody it! #RealEstate #Neighborhoods #Adaptability #TheFroDaddyChronicles