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.
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.
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…
“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.
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.