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Booking Hints!

A lamp and a book on a bedside table in a hotel room.

Unlike hotels (where we all have an understanding of the standards and conditions provided by hoteliers) the serviced accommodation market is largely unregulated, and therefore standards vary enormously; both in the equipment provided, the size of the accommodation and the proximity of facilities (shops, restaurants) and other infrastructure such as main roads, railways, aircraft flight paths etc.

So we offer here some points that you might consider before you book your accommodation. And you can be sure that we have considered these criteria before we took on the properties we offer you:

  • Does the accommodation offer the facilities we expect at home; a proper kitchen with oven, 4 burner cook-top, family size fridge, a reasonable selection of kitchen utensils and enough crockery and cutlery?
  • Is it a resort style facility, where you may be disturbed by others playing in the pool ’til late or when returning from the restaurant in the evening?
  • How large is the accommodation? Do the bedrooms have doors? Are there proper beds and bedding?
  • Does the apartment have a living area, a dining area, and a kitchen? We’ve found that 70 sq metres is the minimum acceptable area for comfortable living.
  • How near is the nearest main road, railway line etc? Is it close enough to warrant double-glazing?
  • Finally, the price. We make every endeavour to remain very competitive in an expanding market. Therefore it is wise to be very cautious indeed of anyone offering accommodation at substantially lower prices.

Governments are introducing legislation to prevent false pictorial representation of accommodation. Please assure yourself that the pictures of the accommodation are exactly of that apartment, and that the “view” is actually taken from the apartment and is not merely a “typical” view from the best position.

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Perth’s Accommodation Specialists

Perth’s Accommodation Specialists
For over 30 years, Executive Apartments has specialised in providing quality accommodation to the public and corporate sector.

Unlike apartment hotels that market hundreds of similar rooms and units in the same location, we provide our clients the choice of over 100 different short term (1 week to 3 months) accommodation options and over 200 long term furnished and unfurnished properties in sought after locations throughout the Perth CBD, fringe suburbs and other select desirable locations.

The properties we manage and promote are all highly desirable, serviced (optional) executive standard apartments or townhouses that are fully furnished, equipped and serviced. They are “real” homes, with full kitchens and laundries and generally much greater space than an apartment hotel, unit or hotel suite.

Executive Apartments is a full service agency, as we offer investors a full property management and marketing service (this is what makes up our accommodation stock).

We also are a fully licensed Real Estate Agency, specialising in the buying and selling of fully furnished investment properties that fit the high standards of our clientele.

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We’re ready for the TRID rules!

At 5 p.m. EST June 17, the Consumer Financial Protection Bureau issued a statement that the effective date for the TILA-RESPA Integrated Disclosure (TRID) rules would be pushed back to Oct. 1, 2015.

CFPB Director Richard Cordray said in a prepared statement: “The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until Oct. 1, 2015. We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks. We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time.”

Rainier Title has been working towards the TRID implementation for over a year and felt prepared for August 1st. However, with the proposed delay we will be taking this opportunity to continue our education and training of TRID. While we believe that we have been proactive and ready for this change, there are still so many unknowns that will have to be addressed at the time of implementation. The industry should still prepare for 45-60 days for transaction to close due to the new timing parameters of the forms.

We’re working hard to be ready for all changes!

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Real Estate Roundup

Active Home-Building Industry Will Lead to More Demand for Warehouse Space

Strong consumer spending and the rise in housing construction activity are currently the prime factors for the incredible rebound of the U.S. industrial real estate sector, and experts say as home buying continues to increase, so will demand for warehouse space. — From NRE Online

To Buy or Not to Buy: That Is the Developer’s Question

As land costs continue to rise in urban areas, developers are focused more than ever on assessing the financial viability of their potential projects at a very early, pre-acquisition stage. Savvy developers recognize that developing a conceptual design and associated conceptual budget at the very beginning of the due diligence stage enables the development team to quickly assess the design and construction cost aspects of the potential development—and, if need be, look at design alternatives that will adjust the cost. Because survey after survey has indicated that the current trend of increased costs for site acquisitions and project development is prevalent, engaging a qualified builder with demonstrated project-specific experience, local knowledge, and strong estimating and pre-construction capabilities is key to receiving reliable data and feeling confident about the pro forma that is created. — From NRE Online