Shaking Things Up — The Tommy's Way

Posted by Jack Vale on August 8, 2018 10:31:00 AM NZST

Warning: This post contains strong elements of self-promotion. 🔊

 

Tommy’s has always been an innovator. When our real estate parents came into the market in 1999, they arrived at the door ready to shake things up. If you ask me, they did a pretty good job, cementing themselves as one of the premier brands in Wellington Real Estate.

Now in 2018, there is a reputation for results associated with Tommy’s Real Estate – something we’ve now replicated at Tommy’s Property Management. Property management has been somewhat of a hotly contested industry for years.

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Topics: property management, tommys

Is the Rental Warrant of Fitness fit for purpose?

Posted by Jack Vale on July 24, 2018 11:04:00 AM NZST

If we’re being completely honest with ourselves, the quality of New Zealand housing is pretty dire.

 

Stories of properties crawling with mould; cold, dark and damp accommodation and windows that either won’t open or seem to let the elements inside as opposed to keeping them outside are all too common – especially when you ask anyone who has rented property. 🏚️

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Topics: regulations, rental warrant of fitness, wof

Navigating the Seas of Compliance

Posted by Jack Vale on July 12, 2018 9:20:47 AM NZST

 

If it is a straightforward investment that you’re looking for, property might not be the one for you.

 

Over the last two years, landlords have been subjected to a tide of media scrutiny, an increase in obligations and a plethora of new legislation giving them more hoops to jump through and more boxes to tick. ✅

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Topics: insulation, heating, regulations, asbestos

Moving the Goalposts - The Methamphetamine Debacle

Posted by Jack Vale on June 28, 2018 8:43:57 AM NZST

Methamphetamine has been the buzz word in rental properties that has made landlords shudder in recent times. ☠️

 

Blurry lines of regulation made it difficult for landlords and property managers alike. The blind led the blind and helped to develop an industry which preyed largely on the ignorance and fear of its customers.

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Topics: meth testing, methamphetamine, regulations

Surviving winter as a landlord in an empty home

Posted by Jack Vale on June 13, 2018 11:01:00 AM NZST

Wellington’s winter is truly setting in. The signs are obvious. The weather is colder, there are plenty more jackets on the streets and the rental market has slowed significantly comparatively to it’s January to March boom. Of course, Wellingtonians are getting pretty used to this now. It is a trend that has replicated itself over a number of years. Landlords in the capital are cottoning on to the fact that January to March is the best time to rent their properties.

 

What does that mean though for a landlord whose property comes available in the middle of the year. Currently there are fewer tenants looking for rental property.

 

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Topics: tenants, Marketing, renting wellingon, heating

Wellington's winter is getting warmer, despite the weather.

Posted by Jack Vale on May 31, 2018 11:31:00 AM NZST

As a landlord, winter with a vacant property is, historically speaking, a logistical nightmare.

 

Long vacancies were the norm and when it comes to achieving a premium rental price for your property, you’d have been better off rubbing a magic lamp and waiting for the genie to appear. ✨✨

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Topics: rental market, investment advice, rental control, rental increase

The art form of adding property to your portfolio

Posted by Jack Vale on May 15, 2018 4:37:29 PM NZST

Property investment is a dying art. It’s not getting any easier, property is getting more expensive and tenants are becoming more knowledgeable. Of course, while this is true in part, this would be a very one-sided perspective.

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Topics: Portfolio Growth

How many tenants does it take to change a lightbulb?

Posted by Jack Vale on May 3, 2018 1:45:51 PM NZST

It’s always an eternal battle between tenant and landlord. “My landlord never did any maintenance on the property,” is a phrase that frequently comes up at viewings when tenants are asked why they might be looking to find a new home.

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Topics: maintenance, tenants, property relationships

Late to the Party?

Posted by Jack Vale on April 18, 2018 5:56:28 PM NZST

It doesn’t take long to find a horror story about renting a property. Look in the right place and you find plenty. Better yet, get out and about and have a chat with as many tenants as you can and you can almost guarantee that you’ll hear some outrageous stories about the way they were treated by their local property manager.

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Topics: property management, investing, tenants, tribunal, property managers wellington, property relationships, rental control

Let it be... Or don't?

Posted by Jack Vale on April 3, 2018 5:44:37 PM NZST

There’s one thing for sure, the new government isn’t hanging around when it comes to following through with its election promises. The Healthy Homes Guarantee bill is continually under review as we move closer to its implementation and now, in this most recent move, housing minister Phil Twyford has introduced the bill to ban the letting fee.

Flat hunters around the country are no doubt jumping for joy and doing victory laps of their rental property, while landlords and property management agencies are forced to wear yet another cost. Surely the bill won’t have any negative impacts for tenants? Surely property managers and landlords shouldn’t charge a letting fee anyway? You’d be surprised…

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Topics: Rental Pricing, letting fees, rental increase

 

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