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.
When Tommy’s Property Management opened its’ doors to the Wellington market in February 2017, we were under no illusions that the road ahead was going to be easy. Managing property can be a difficult road to navigate. Juggling tenants, landlords, vacant properties, maintenance and inspections is complex at the best of times, let alone when the industry is facing mounting media scrutiny and legislative changes. Add to those pressures the reputation for results instilled in the company from our real estate parent and you’re left with a task which would be no small feat to achieve.
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? 🌵
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. 🔨
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.
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. 🏚️
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. ✅
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.
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.
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. ✨✨