Shaking Things Up — The Tommy's Way

Posted by Jack Vale on August 8, 2018 10:31:00 AM NZST

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.

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Topics: property management, tommys

Late to the Party?

Posted by Jack Vale on April 18, 2018 5:56:28 PM NZST

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.

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Topics: property management, investing, tenants, tribunal, property managers wellington, property relationships, rental control

Ditch the Day Job

Posted by Jack Vale on December 19, 2017 4:42:47 PM NZDT

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. 🏘️💰

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Topics: property management, property investment, property relationships, asset management, wealth creation

How to be the best landlord in the world!

Posted by Jack Vale on September 27, 2017 9:42:34 AM NZDT

Recently, we tried to get in touch with some of our landlords...

Unfortunately, no matter how hard we tried we couldn’t. Their phones rang and rang and their emails weren’t checked.

It turns out our landlords were overseas, dodging taxes and sitting on a beach somewhere counting their money.

Apparently, there was quite a lot of money to count so it took a long time for them to get back to us.

 

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Topics: property management, property managers wellington

Back to the future - Property Management in 2050?

Posted by Jack Vale on September 12, 2017 3:12:12 PM NZST

 The future is coming.  Property management is finally being dragged out of the dark ages. 🔮

 

At a recent conference held in Taupo for the New Zealand Realtor’s network of property managers, our team was able to discuss with some of the leading property management agencies across the country, the changing face of our industry.

 

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Topics: property management, Portfolio Growth, property investment, PropTech

4 Weeks Free??

Posted by Jack Vale on July 5, 2017 11:43:28 AM NZST

Warning: This article contains elements of self-promotion.

It is no secret that Wellington’s rental market has been a hot media topic of late.

With rents rising 6.8% from January 2016 to January 2017 attention was inevitable.

However, there are now calls from some quarters that finding tenants is more difficult and that investors should lower their rent or face up to four-week vacancies.

In Auckland, there are 1,805 listings advertised on popular rental search sites whereas Wellington has only 570.

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Topics: property management

Great Time to Invest

Posted by Jack Vale on February 16, 2017 7:16:00 AM NZDT

 

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.

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Topics: Insider, property management, investing

 

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