Offering incentives in order to retain a good tenant is simply smart business — it’s significantly cheaper to maintain a current customer by giving them a small gift than it is to market and find a new tenant. But how exactly to retain tenants (or, more accurately since we’re clearly talking about incentives here, what comprises an ‘effective’ incentive) is a question with a lot of potential answers.
Who has every heard of anyone doing really well at something (sport or business) without the prerequisite learning, ongoing training and practice? An athlete trains hard all the time to keep in peak form. Ongoing training is key part of continued success without it arguably failure is given better odds.
Landlords know the woes of being uninsured or under insured. Properties being burnt down, or flooded often make the news. Tenants on the other hand are less informed of their liabilities and often that’s due to a “she’ll-be-right” attitude.
The cruelest word in the dictionary for a rental property owner is “Vacancy”. The mere mention of tenants leaving and a rental property being vacant even if it’s just for a week or two sends shivers down the investor’s spine.
It’s important to ensure that you fully understand both the Landlords and Tenants rights before offering a Periodic or Fixed term Tenancy. A Tenancy Agreement is a legally binding contract and failure to understand what you are entering into may see you end up at the Tenancy Tribunal Court. You need to ask yourself whether… Read more…
Election campaigning is now in full swing. Just how important is the property investor vote to the political parties?
Property Investors are usually the target of tough measures proposed by political parties desperate for votes.
Land Banking is it a profitable property investment strategy? What is Land banking and should it be a part of your property investment portfolio?
Property investment strategies vary greatly and land banking may be worth considering however it is more speculative therefore caveat emptor (buyer beware) are the words of warning.
You’re in the market for an Apartment – aka a Unit and the good news is you have a few to compare. They all look very similar so what else can you consider? Thoroughly review the Body Corporate and in particular their building maintenance plans.
Is there such a thing as ‘perfect timing’ or perfect market conditions to invest in property in New Zealand?
Do we need to hold fire until that time comes? This would be very pleasing for a lot of investors if we all did hold off.
Growing a compact city will come with some compromises. Public spaces may be swallowed up. Queen Elizabeth Square is the latest piece of primary land Auckland Council has agreed in principle to sell to a private company.
Queen Elizabeth Square is currently utilised by the public – it’s a wonderful open space however it may be turned into a shopping mall.
It is the life time dream of so many New Zealanders – to one day build a house. Well not actually build it, rather engage an Architect to design a home and then get it built to spec by professional Builders. When funds don’t permit the bespoke design and build, often becomes a ‘cookie cutter’ home instead. The difference between the two options is obvious.
Welcome to tile therapy for August 2014. This month we explore a contemporary twist on the classic ‘subway’ tile with Collage, introduce the visually stunning Rain Forest series and revisit the architectural focused beauty of the Corten series from Spain.