Do you know the amount of notice required for property maintenance versus the notice required for property inspections? This caught out one Landlord who was self managing his rental property and he was reported by his tenant.
But the story doesn’t end there – there is twist that had both the Landlord and tenant stumped and a property management company happy to help out.
When purchasing a rental property should you keep the existing Tenant on? This is a really good question and often in our experience the answer can be yes so long as the right process is followed. Regardless of whether you intend to retain the Tenant or not, ALWAYS ensure that vacant possession is stipulated on… Read more…
Where there’s a will there’s a way says Sean Wood of PropertyTutors.
Sean never let his low income stop him from getting on the property ladder. It’s fair to say there was probably a lot less negative commentary and the strategies he applied to grow his property portfolio are taught today on his mentoring program.
At some point Property Investors need to update the look of their investments to attract the best possible income.
While there is a certain reluctance amongst us to do cosmetic work to a property we also know that delaying it can actually hurt us in the pocket.
Selling your house is regularly rated as one of life’s most stressful experiences. Try telling that to investors who’ve gone through the sale of a tenanted property. I for one know many a hardened real estate agent driven to their wits’ end when selling a house occupied by untidy and unhelpful tenants!
The Banks have increased their ‘qualifying’ interest rate for assessing debt serviceability. As a result loans that would have been secured earlier are now being rejected so preparation is key when applying for a mortgage.
Managing your own rental properties requires the patience of a saint when something goes wrong.
It’s hard to keep the emotions in check when you own the property especially if the tenant has damaged it.
So what situations really test the patience ofLandlords managing their own rental properties?
And when is it time to walk away and let someone else do it?
What comes first, your own home or a rental property? Buying a home is the goal of most New Zealanders yet it is harder than ever before to achieve.
To get the home you desire may take a bit longer but you can get on the property ladder by securing a rental property or engaging in property investment strategies like trading.
PropertyTutors owner Sean Wood property investment mentoring is in hot demand. The strategy utilised by the PropertyTutors Masters program provides a win-win outcome. The properties bought are usually in need of some tender loving care and Sean’s clients are mentored on how to successfully select properties for renovation and resell or hold.
Dampness, mould and mildew can be a big problem for rental homes at this time of year and especially for homes in Auckland which is renowned for having very damp and wet winters. So it’s not uncommon in our experience for disputes to arise between Landlords and Tenants as to whose responsibility it is. Put… Read more…
DIY is no longer in our DNA. Property Investors can fall into the DIY trap and it can end up costing them more over time.
The skills required to do a lot of the property investment jobs like maintenance, and home renovations are not in our DNA. Unlike our grandparents, we’re just not that practical.
There are lot of different ways to screen tenants, but one of the best (and least understood) ways to ‘screen’ is to attract the highest-quality prospects you can in the first place. There are a few solid techniques for doing so — setting a high bar on your prequalifications, for example. Another is to go all-out when you show a property — make it clear that the place deserves someone who loves it as much as you do. That’s why these 13 things belong in your “showing kit.”