The types of properties gaining the most in value around the country right now are units, apartments and townhouses. These properties are typically smaller than your standalone three bedroom property and generally cheaper too so they’re highly sought after by property investors investing for yield.
Most residential property investors start investing while in full-time employment. Income is a primary consideration in qualifying for home loans and the security a mortgagee’s full-time employment offers, is usually a key prerequisite for the lender.
More than 500 people gathered in The Langham, Auckland over the weekend for the Property Masters event to meet property investment mentors: Sean Wood and Steve Goodey of PropertyTutors. Sean set up PropertyTutors in 2008 to mentor property investors in the property trading strategy.
Even with the very best of Tenants every rental property will require ongoing maintenance and repairs. Internal fixtures of the property can often wear out and outside fixtures can be easily damaged by the elements. While this is no fault of the Tenants, a Landlord is required by law to have the broken items repaired […]
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 […]
5 Tips for Successful Tenanting of Your Rental Property 1. Marketing Have an effective marketing strategy to ensure you are attracting the right type of Tenant for your property. For example if you have a rental property located in a lower socio-economic area than advertising in the local suburb newspaper as well as online […]
It is well worth for any investor (seasoned or novice) to have a read of THIS recent publication by ANZ’s Economic and market research team. From page 7 of the publication onwards they have done an update on rental yields across NZ. While price growth has been massive over the last 20 years or so […]
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 […]
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 […]
When investing in a rental property it’s important to understand what your rights and responsibilities are as a Landlord. There are very specific rules and guidelines in the Residential Tenancies Act that every Landlord and Tenant must adhere to. Failure to do so may result in not only receiving a financial penalty but the outcome […]
It’s important to review your rents regularly in order to achieve the highest possible return on your investment. As a rule we review our rents every 6-12 months and we recommend issuing a rent increase at least once every 12 months, even if it is just $5. A Tenant is going to be able to […]
At the start of any Tenancy the property must be given to a Tenant free of vermin and infestation, if your Tenant has only recently moved in and is experiencing a problem of the pest kind, then it would be the responsibility of the Landlord to remedy the problem. If however the Tenant is […]