Think The Rental Squeeze is Bad? Breath In As it Could Get Worse!

Posted by Harrison Vaughan on March 5, 2019 3:48:15 PM NZDT

In the last 12 months, we have seen sky rocketing rents. In many parts of New Zealand rents increased by over 10%.

We have all seen the headlines. Teachers forced to bunk in with their bosses, over 10,000 households waiting for public housing, up from 4530 the same time last year. We have even seen disturbing headlines such as ‘sex for rent’. Almost daily now, we see stories across New Zealand of people struggling to secure rental properties and rising rents forcing people out of their homes.


Queues upon queues of desperate tenants, battling to try and secure a battered, run-down rental property and being forced to pay more. In one case I witnessed in Wellington, about a group of twenty tenants turned up to a viewing trying to secure a tiny one bedroom flat in which the bedroom so small, the double bed of the vacating tenant had to sit in the lounge. Although habitable, it was tired, dated and more akin to something out of Victorian Britain. The asking price? A bargain at $410 a week. There was no shortage of applicants. The young solo parent who lived in the property was being forced to move because she could not keep up with the rent.

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Topics: rental market

Avoiding Problems Through Tenant Selection

Posted by Harrison Vaughan on February 20, 2019 3:58:41 PM NZDT

There’s no two ways about it, tenant selection is the single most important factor when it comes to the success of your property portfolio.

 

You need only pick up the newspaper to find a horror story about tenants trashing a property and causing countless thousand dollars’ worth of damage.

Of course, not all tenants are like this and there are plenty of outstanding tenants that will cause you absolutely no issues whatsoever, but as with anything in property investment, minimising the risk is essential. When it comes to tenanting a property, there are some very simple things that you can do to ensure that you’re minimising your risk and doing everything you can to secure yourself a painless experience.

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Topics: rental market

Five Ways to Kill Your Yield

Posted by Harrison Vaughan on February 5, 2019 4:00:00 PM NZDT

Contrary to popular belief, landlords have plenty of bills to pay. 😔

Despite the obvious objective ‘making money’ when entering the property investment space, it doesn’t always go to plan. Clearly then, protecting your yield is one of the most important things you need to do if you are going to be successful as a landlord.

Rather than preach to you about the steps that you can take to increase your yield, we thought that we would put together a list of the most common mistakes we see landlords make that damage their yields. The easiest way to start making more money after all, is to stop losing it!

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Topics: rental market

2019 The Year Of The Rent Rise?

Posted by Jack Vale on January 24, 2019 12:27:02 PM NZDT

Christmas and New Year breaks never seem to be long enough. 😔

 

Of course, we are glad to have you back and hope that you and your families all had an enjoyable and safe break. If there is one thing that can be said of 2018, it’s that there seemed to be no respite for the property market.

Countless media articles aimed at poor landlord behaviour shone a spotlight brightly on the poor landlord-ship experienced by some. Other media articles shone the spotlight on shocking tenant behaviour.

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How To Survive The Christmas Period As A Landlord

Posted by Jack Vale on December 12, 2018 6:31:00 PM NZDT

There’s no denying it, this year has been a busy one. 😫

Landlords have been hit with the impact of a new government, changing legislation, and all while trying to keep track of a busy market.

The reality of it is, being a landlord is an evolving trade and keeping up with the Jones’ is easier said than done.

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Interior Design Tips For Renters

Posted by Jack Vale on December 1, 2018 10:00:00 AM NZDT

With real estate prices rising, renting a home is more common than ever.

If you are one of the many living in a rental it can feel like a daunting task to personalise your home, but just because you don’t own the house you live in doesn’t mean that space can’t feel like your very own.

Here are a few affordable tips for making a space feel like home, no matter how temporary.

Stephanie Bruce from Wall St Designs has taken the time to show us her top tips to make any house a home.

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Topics: home decoration, interior design

Understanding The Numbers Behind Wellington's Summer Rentals!

Posted by Jack Vale on November 27, 2018 3:36:03 PM NZDT

To say that Wellington’s rental market feels the heat in Summer could potentially be one of the biggest understatements of the year. 🚀

 

Last years hectic market was one of the busiest we have seen, with rents continuing to rise and the competition for quality property fiercer than ever.

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How To Move Stress Free

Posted by Jack Vale on November 7, 2018 3:59:47 PM NZDT

Moving house can be a pretty stressful time. Hauling box after box out the back of your car and up the stairs, only to find that the bed doesn’t fit through the stairwell or you can’t fit everything into the new property is the stuff of nightmares. 😱

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Let it soak in

Posted by Jack Vale on October 30, 2018 5:52:00 PM NZDT

Bathroom renovations can always be a difficult decision. To tile or not tile? Colours or neutrals? The reality of it is, like with any renovation there are countless questions to answer and plenty to prepare for. But when you renovate your bathroom you really can increase not only the value of your home but also it’s attractiveness to tenants.

 

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Topics: renovations, bathrooms

Sink time into your Rental Kitchen Renovation

Posted by Jack Vale on October 8, 2018 12:03:00 PM NZDT

The kitchen is the heart of any home. As cooking shows a rise in popularity and as tenants inevitably rent for longer as the cost of houses rise, tenants are becoming more and more focussed on the quality of the property they are renting.

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Topics: property maintenance, renovations

 

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