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

Breaking Up and Moving On...

Posted by Jack Vale on March 20, 2018 4:22:46 PM NZDT

“It’s not you, it’s me.” A classic phrase, fit for any break up. Maybe not your break up with your substandard property manager though. Why? Because there’s a high chance that its not you, its them.

In an unregulated industry, bad property management can raise its ugly head a little too often. You only have to look online or to the papers to see the horror stories around property managers.

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Topics: property relationships, asset management, quality, How to choose a good property manager

On the Rise — Rental Market Update

Posted by Jack Vale on March 7, 2018 12:04:36 PM NZDT

Are your fingers on the pulse? Are you charging a fair market price for your property? Do you know what a fair market price is for your property? If you answered no to at least one of these questions, don’t worry. It is that time of the year again where we take stock in the middle of the busy season and have a look at what is going on so that you can prepare your portfolio for maximum performance.

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Putting the breaks on the rental market

Posted by Jack Vale on February 15, 2018 1:30:49 PM NZDT

If we’re being honest, the newspapers are getting a little predictable lately. It would be rare for you to find a publication these days that doesn’t have something to do with Wellington’s rental market somewhere across the pages. Almost every day, someone has come up with a new idea to solve Wellington’s ‘crisis’.

 

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Topics: insulation, quality, rental control

Colder than a polar bear in a freezer?

Posted by Jack Vale on January 30, 2018 11:33:44 AM NZDT

Icy cold, dark and damp. That’s the reality facing plenty of Wellington’s tenants this winter. 🌨️

 

For many tenants, the picture of winter is looking bleak as they stare down the barrel of high energy bills, cold mornings and battling mould in their rental property, yet the government have subsidies in place to support landlords in insulating their property.

There can be no excuse for cold, dark and damp rental properties anymore.

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Topics: tenants, Compliance, renting wellingon, insulation

 

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