Harrison Vaughan

Recent Posts

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

Award winning real estate, Award winning property management

Posted by Harrison Vaughan on September 24, 2018 9:36:22 AM NZST

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.

 

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Topics: renting wellingon, property management awards

The Honest Housing Policy Guide - NZ Election 2017

Posted by Harrison Vaughan on September 16, 2017 12:19:36 PM NZST

On September 23rd, New Zealand’s future is up for grabs as the country rushes to the polls to decide who will be in charge. Every election is important, but with so many key issues being raised over the course of this year’s campaigns, this election seems to be much more enticing.

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Topics: Insider

 

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