Build and Own Your Own Rent Roll
Without the Stress of Property Management

GROW AND OWN YOUR OWN RENT ROLL IN EXP

lululiv

WHAT'S IN IT FOR YOU?

Many agents like the idea of building a rent roll, but nothing is less appealing than piles of paperwork, compliance, chasing $42 of arrears and endless staff demands.

 

You don’t want to be drawn into the nitty-gritty of a Rent Roll when you should be focusing on what you do best, making money selling houses.

eXp has partnered with Lululiv to allow agents to build and grow a rent roll without worrying about property management.

Lululiv gives you the ability to build and own 100% of a rent roll and earn income from it without taking care of any day-to-day property management.

 

You even have the opportunity to get listings from your rent roll.

 

You don’t need to manage a rent roll to own a rent roll. Instead, build an additional saleable asset and passive income stream without the headache.

 

When you choose Lululiv to manage your Rent Roll, you get access to your Lululiv platform, where you can start tracking your Rent Roll growth.

 

From the moment you sign up your clients, Lululiv steps in and takes care of the rest – all administration. Compliance and customer experience.

 

Lululiv’s rent roll management service covers the following.

  • Advertising

  • Landlord marketing kits

  • customer success

  • Early alert sales notifications

  • Principal operations

  • Property leasing

  • Starting a tenancy

  • Ingoing and outgoing inspections

  • Maintenance

  • Lease renewals

  • Bond Management

  • Ending a tenancy

  • Financials - Tenant

  • Financials - Landlord

  • Tribunal attendance

  • Legislative knowledge

  • Compliance

  • Trust account

  • Audits

  • Technology and systems

  • Subscriptions

  • Trade management

  • Hiring and onboarding staff

  • Staff training and management

WHAT'S IN IT FOR YOUR CLIENTS?

Our belief is that owning an investment property should be easy.

Similarly, Lululiv understands how people use, love and adopt technology in every aspect of their lives and continuously improves how they connect with the renting community to make their lives simple.

 

Lululiv’s leading-edge technology supports your clients through their rental journey.

lululiv real estate

Their easy to use technology saves Landlords time and money while keeping them connected to their property 24/7 with real-time updates.

 

Some of the points of difference you’ll be able to offer your property management clients include:

  • Instant open home reporting

  • The electronic signing of lease agreements

  • Self-help tool which allows Tenants to solve maintenance problems on their own

  • Trade Star-Ratings, with full Trade accountability

  • 24/7 access to information, in real-time, through Lululiv’s App

  • Lululiv’s ‘One-Click’ Lease renewals

 

With Lululiv’s unique combination of innovative technology and dedicated property management specialists, you can build and grow your rent roll with confidence and ease.

LULULIV RENT ROLL MANAGEMENT FAQ

Does Lululiv sell properties?

No. Through Lululiv's early alert system, you get notified if your clients have expressed whether they are looking to sell their property.

 

Does Lululiv build its own rent roll?

No. Lululiv's role is to support agents in building their rent rolls.

 

What happens when I sign up a Landlord?

As soon as you successfully sign up a new landlord, the Lululiv team are alerted and will call your client to start the simple onboarding process. From here, you can track what is happening through your Lululiv platform.

 

Do I need to sign a contract?

Yes. You will need to enter into a Service Management with Lululiv. This agreement confirms that Lululiv fulfils the obligations under the Management Agreements.

 

What happens if I have existing Management Agreements?

There is no change to existing Management Agreements – they remain in place. You sign up new landlords with minimum pricing conditions based on market rates.

 

What if a client is with another agency?

Not a problem. Lululiv will transition them across from the previous agency.

 

What if I want to leave Lululiv?

Lululiv’s service is month-to-month with no lock-in contracts. If Lululiv is not for you, all you need to do is give 30 days' notice.

 

What visibility will I have of my portfolio?

You will have access to your own Lululiv platform, giving you real-time visibility of your portfolio. If you prefer something sent to your inbox, Lululiv will send you a weekly email with valuable information about your portfolio.

 

Do I need a Trust Account?

No. With Lululiv, they collect the rent through their own Trust account, which means no audits or month-end for you.

 

What does it cost?

Lululiv pays you a % of the revenue of the portfolio. Contact us to discuss this further.

 

Do I need a Business Development Manager?

The choice is yours. You have the flexibility to grow your rent roll with a BDM or through your Sales Agents.

 

Who owns the Management Agreements?

You retain ownership of the rent roll, and the Management Agreements stay in your name. Lululiv simply fulfils all of the duties under the Agreements for you.

 

What happens if I want to sell my rent roll?

There is no lock-in period in your contract with Lululiv. You are free to sell your Rent Roll whenever you like.

 

Can I still market to my clients?

Absolutely. It is business as usual. How you market to your clients remains unchanged.

 

How do I stay informed?

You’ll have complete transparency on your rent roll. Lululiv gives you full access to your own platform to see what is going on in your rent roll, live as it happens.

 

What happens to the sales opportunities of my clients?

The Landlords are your clients, so it is business as usual. Lululiv’s systems are set up to send an automatic notification to you when an owner indicates they are looking to sell.

 

Who handles the transition?

Lululiv does. They work with you throughout the process and handle all leg work.

 

Can I do it myself?

Lululiv’s patented and multi-award-winning technology is at the core of its service. It is what allows them to deliver a new level of customer service.

Their technology platform is exclusively available to customers of Lululiv.


 

What if Lululiv loses clients?

Lululiv’s business is completely aligned with yours. They, too, are directly impacted if a client is lost, so they do everything to ensure that this is not a frequent event.

Lululiv has a Customer First Principal that ensures their typical customers are at the centre of everything they do. They obsess over feedback and listen intently to what customers have to say.

During the transition phase (the first 30 days), Lululiv will work closely with you to ensure your customers feel comfortable with what is happening.


 

Will I have a single point of contact at Lululiv?

Yes. You will have a dedicated relationship manager. This person will be your point of contact for all operational, contractual and financial matters.

Your relationship manager will then connect with the relevant personnel to ensure that your question gets addressed.


 

When will I get paid?

Payments from your property management rent roll are made at the start of each month and are based on fees, charges and expenses collected by Lululiv in the previous month.

 

Who collects the rent?

Once Lululiv has been engaged, all rent gets paid to the Lululiv Trust Account. They notify tenants of this change as part of their onboarding process.

 

What about data privacy and industry legislation?

Lululiv must comply with all Australian Corporations, privacy, Consumer Law and Fair Trading regulations.

 

What can partnering up with
One Great Force in eXp do for you? 

Let's have a conversation