How to garden your way to success in your rental property

Posted by Jack Vale on September 18, 2018 10:35:38 AM NZST

When it comes to gardening, it would be safe to say that my skills lie elsewhere. I think I’ve mown a lawn once or twice, but beyond that my abilities in the garden leave a lot to be desired. I would be confident to say that most people would lie in the same boat as me. Stunning landscaped gardens though is a sure fire way to enhance the presentation of your property, raising its value. But with such a garden comes great responsibility, either for the tenant or for the landlord.

 

Do you spend time, effort and money on maintaining the garden yourself so that it will continue to attract new tenants when the time comes or do you take the risk of finding a tenant with a similar gardening pedigree to myself and see your beautifully landscaped grounds become barren within their tenancy? 🌵

 

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Topics: gardens, property maintenance

The best relationships aren't one sided

Posted by Jack Vale on August 21, 2018 10:21:40 AM NZST

The American psychologist Abraham Maslow said in 1966, “I suppose if the only tool you have is a hammer, every problem is a nail.” 

 

To a property manager with the wrong approach, every tenant is a problem. No matter what you do in life, it is your attitude, not the issue that is the real problem. Property investment is a great example. There is always a way to overcome whatever issue may stand in front of you.

 

Recently, a series of adverts was published by a property management company which clearly indicated their opinions of tenants. It painted them as a necessary evil to property investment; a nail if you will. What followed was inevitable. 🔨

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Topics: tenants, regulations, media

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

 

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