New Zealand has a new Labour led coalition government and property investors are worried. In PropertyTalk’s investor discussion forums a well known user (an Accountant nonetheless), has started a thread suggesting investors have cause to be concerned about what this Government will do not only in their first term, but how it will challenge the […]
Tag Archives | tenants
Weekly rents rose just 4.8 percent in the twelve months to July 2016 according to Trade Me Rent Price Index. Tenants will be relieved Landlords are being realistic and not keen on hiking rents arbitrarily. Property sales have slowed and the average asking price has dropped significantly up ten percent since July 2015.
More New Zealanders are renting today than ever before and they will remain in rented accommodation longer than desired. Their first taste of home ownership is likely to be an investment property which they’ll rent out while they too remain as tenants in another landlord’s property.
As landlords we want want it all. Great yield, a property that’s low on maintenance and of course last but not least happy tenants. How do you keep your tenants happy? Emergencies aside your tenants happiness with your property and their tenancy may be directly attributed to your response and timeliness in dealing with maintenance.
While property managers are a dime a dozen these days – doing the job well is no easy task. Arguably there are too many property managers in business whom are not doing the job particularly well.
Property Managers have to put up with a lot though.
Stake Property Rentals have provided six tips on how to boost the rental income from your investment property. The tips they provide are not dependant on market conditions. There are actions you can take right now that will improve your property and thus the income you receive from it irrespective of what’s going on in the rental property market.
Self property management is a doodle when everything goes to plan. The tenants pay their rent, respect your property and let you know when something needs replacing or maintained. Ahh the sound of a happy tenant – landlord relationship!
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.
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.
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!
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.”
When you have tenants who smoke heavily, you have a unit that’s going to need a special kind of deep-cleaning when that tenant leaves. You may need to clean or replace not just the paint, but the trim, the baseboards, the floors, the walls, the ceiling, the shelving, the light fixtures, the outlet panels, the drapes…and that’s the short version.