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.
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.
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.
Landlords beware! Reports show that there is one methamphetamine case hitting tenancy tribunal every week. It is currently one of the biggest threats to the returns of your rental property. Like most things that we’re worried about however, our fear stems mostly from a lack of understanding. So what do you need to know about crystal meth and the implications of someone using this harmful drug in your rental property?
With Wellington’s rental market as hot as ever, there is no doubt that investors will be jumping for joy. The rental market in Wellington has risen 6.8% in the past twelve months and indications are that the market shows no signs of slowing down. With the influx of students descending on us, and a larger portion of people renting for longer before buying their fi rst home, it is no surprise that demand is outweighing supply. Needless to say, landlords across the capital are moving with the market and adjusting rents as new tenancies commence, with the average price in Wellington now rapidly approaching $500 per week. Irrespective of whether you are investing for the first time or are a seasoned investor, the landscape is changing. The role of managing property is now becoming more and more regulated.
The well headlined requirement of landlords to install insulation by 1st July 2019 being but one example of this. However, not all legislation requires costly modifications for landlords. A ground-breaking case could be precedent setting and put more emphasis back to the responsibility of tenants. The long-awaited verdict of ‘damage by dog urinating’ appeal case has been revealed and landlords and property managers nationwide have recorded a win.