What a Rentals.co asset manager can do for you
We field all rental enquiries, no matter what hour of the day or night – you don’t want people ringing you about your rental property or advising you of maintenance issues when it is inconvenient.
We advertise your property on trademe.co.nz. We accept applications, screen tenants, check default tenant databases, physically check references, obtain photo ID, carry out background and credit checks.
We show the property and organise viewings through Viewing Tracker.
We prepare the tenancy agreement, collect a bond, prepare a chattels inventory and photographs, read the water meter, photocopy the keys and then lodge the bond within the required time frame under the Residential Tenancies Act 1986.
We check our bank statements on a daily basis to ensure your tenants rent remains in advance as per the terms of their agreement. If it does not, we take the relevant action to mitigate any loss and make the tenant accountable.
We are conversant with the Residential Tenancies Act 1986, including the Amendments.
We carry out regular inspections to ensure your rental investment is being maintained to a satisfactory standard by the tenant and send you a comprehensive written report with relevant photographic information.
We organise proven sub-contractors to carry out necessary maintenance work.
We pay your rent monies into your account once or twice a month and send out a statement at the end of the month, outlining the payment.
You do not have to worry about your obligations under the Amendments to the RTA if you want to go overseas for more than 21 days, we are already managing your rental investment.
A well chosen property can provide a good, steady return on investment which, over time, improves along with the property’s value. The income from good, reliable tenants will assist you to increase equity in your property.
With the assistance of a good Asset Manager, the management of the investment from the landlord’s point of view is relatively easy and little time is required.
To be successful in property investment, your goal should be to increase the propertys value and rental return in the long term. Investment in property, for many, is not ideal in the short term, even though it sometimes can provide a benefit.
Most first time investors choose to invest in residential property. It is more familiar and therefore, easier to understand than the share market.
We all expect our investment property to grow in value. Therefore, a choice needs to be made on two important criteria: location and quality.
Keep in mind that this is not a property that you will be living in, so always look at the property through the eyes of a potential tenant. A property located close to transport, schools, places of work, shops and recreational facilities will be in greater demand and command a higher rent.
The property needs to be desirable and of a size that suits the area’s average family. If located in a family area and near schools, a three or four bedroom house or apartment may be more in demand than a smaller property. The property should be attractive and as low-maintenance as possible. As a general rule with apartment investment, modern buildings require less up keep and are usually more desirable to tenants. However, concierges,excessive numbers of lifts, pools and gymnasiums all add significantly to strata maintenance levies and these can heavily erode bottom line investment returns.
From a legal perspective, landlords have a number of responsibilities and obligations. So its important to have a basic understanding of your responsibilities before entering into a Tenancy Agreement