October has brought with it some key achievements for our team to celebrate, with our top three property managers for the last quarter named at our recent Lodge Awards. Join me in congratulating Zack Cathcart, Jordan Slight and Sophie Orr for their hard work over this period.
Cashed-up investors are being drawn to the Hamilton property market where rents in the mid to upper range increased 8 percent in the last 18 months and demand is outstripping supply.
First time landlord? David Kneebone, General Manager of Lodge City Rentals, shares his advice on stepping onto the property investment ladder.
There’s no skirting around it. Self-managing a rental property is stressful, especially if you’re trying to fit it around another job. In the UK, a study found that 25 per cent of landlords found self-managing more stressful than they first anticipated. While a little stress isn’t a bad thing, too much can have an impact on your health, your relationships and your investment.
Figuring out what you should charge for rent for your Hamilton investment property doesn’t have to be a number crunching game. As an investor, you want to get the biggest bang for your buck, but you also want to stay within the market expectations for the suburb your property is in to attract tenants.
Hamilton’s rental property market continues to be strong, despite evidence of the rental oversupply reported in other major New Zealand cities, says the general manager of Hamilton’s largest property management company.
Not all renovations are equal in the eyes of your tenants. Some offer more value than others, all of which influences how much they’re willing to pay to rent your property.
Property management – it’s not for the faint hearted. Inspections, maintenance, missed payments and listings, having tenants in your investment property is a part-time job.
