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 companies 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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