Property Management News
What to Look for When Choosing a Property Manager
If you have an investment property, you know that selecting someone to manage your property is a big decision. Having a good property manager can make everything run more smoothly and give you peace of mind. They can attract good tenants and keep them happy. They collect rent, inspect the property and handle repairs. Essentially, your property manager is looking…
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10 Good Reasons to Acquire the Services of a Property Manager
If you’ve owned a rental property you will be well aware of the time, effort and money that goes into managing your rental home. Rental properties are financially rewarding and an excellent investment, but they do come with a large commitment of time and energy. It’s unnecessary to do everything yourself when there are property management companies who can handle…
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Rental Market update
The rental market in early May on Trade Me listings is similar to the last 6 years after moving out of level 4 I have just rented a 4 bedroom family home in Otumoetai in 2 days for the same rent as a year ago. Rents seem to be holding up, there are more listings than 2 months ago but…
Read MoreMy oral submission to the Residential Tenancies Amendment bill
For 20 years I have been a full-time property investor not a speculator in Tauranga & Rotorua & 8 years owner of Focus Property Management I estimate I have had approximately 350 tenants in this time. I have only issued one 90-day notice for anti-social behaviour & 2 evictions for rent arrears! On average tenants stay 2.5 years I wish to…
Read MoreHow to rent a house
December 2019 In these times of a “Housing Crisis “ (which in the last year in my markets of Tauranga & Rotorua I now agree with) you need to stand out from the crowd. There generally is a property to suit every bodies expectations & price range but there will be competition. We are not looking for the professional family…
Read MoreProposed Changes to Tenancy Law
December 2019 The key changes include: Limit rent increases to once every 12 months and banning the solicitation of rental bids by landlords. Improve a tenants security by removing a landlord’s right to use no cause terminations to end a periodic tenancy agreement. Making rental properties safer and more live able by letting tenants add minor fittings such as brackets to secure…
Read MoreRental Demand
February 2019 Trade me is still the best website that the majority of tenants look at when they want to rent a house. Its straightforward to use and most people have Trade me accounts. Tenants can save searches for certain areas, with new properties emailed to them daily. They can easily compare comparable properties to get an idea of market…
Read More10 Year Rent Increase
September 2013 I would estimate that I have been investing for a full property cycle in the Bay of Plenty (12 years) Graph 1 . Red Mount MaunganuiYellow TaurangaBlue TaupoGreen Rotorua We all know what the capital growth in our properties have been but what about the growth in rental prices. I needed this information when preparing a cash flow budget…
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How to beat the competition
July 2013 How to keep tenants long term Two of my 5 year plus tenants have moved in the last year, thus the thought,was it skill or luck to keep them that long. Some luck, you cannot always tell, or will be told, or they simply don’t knowtheir long term intentions. Skill, I think plays a large part.Present a warm,…
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Adding Value To Your Property
Adding value to properties From 2001 to 2011 I called myself a full time property investor. I specialised in finding run down 1960s & 70s houses, modernising, fixing any problems then renting them. I also traded properties on a rising market, adding value by a cosmetic reno, subdividing large sections then selling. In my experience the most important advice that you can…
Read MoreNeed to know more about our Tauranga property management services?
Please call us on 027 454 3038
or email us at mike@focuspm.co.nz and we’ll get back to you within 24 hours