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.
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’.
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.
The wonderful thing about new years is that we get one every 12 months. No matter whether you had a challenging year or you finished 2017 with a bang, 2018 is now upon us offering plenty of opportunity in the property investment space.
2017 saw the rental market in Wellington go from strength to strength and with a shortage of rental stock predicted for the new year, there aren’t many signs of this slowing down despite the change in government.
Property investment isn’t really worth the headache when you think about it. You sink a pile of cash into the property purely for your tenant to punch a hole in the wall, cook meth and never pay rent.
What’s the point? Is it all worth the stress in the long run? Are there any property investors out there who can really ditch the day job or is it all just one big fairy tale?
The truth is, it is possible to create huge wealth through property investment. 🏘️💰
If you’re not nervous about finding a good quality rental property, you probably don’t live in Wellington. Wellington’s rental market has been booming for long enough that it’s almost getting boring to say it out loud.
Almost a year on from the Kaikoura earthquake, we were given a timely reminder that Wellington sits on one of New Zealand’s major fault lines.
A 4.8 shake in the Cook Strait was enough to remind us all that we should always be prepared. ☠️
You can’t beat Wellington on a good day. And when it comes to investing in property, it seems like Wellington is definitely having a good day.
Despite no recent changes in the national average rent, Wellington’s market has remained strong and shows no signs of slowing down. Investing in property has, and always will be, about the numbers.
Technology continues to change. Whether we like it or not, technology is playing more and more of a role in the world that we live in and is affecting industries all around the globe. It seems that now property management’s turn is next.
The war is on. 💣
Property managers everywhere are readying the troops.
Private landlords are forming alliances with each other.
It’s time to do battle and find out once and for all whether you should use a property manager or whether you should manage the property privately.