Are Your Rental Properties Getting Maximum Rent
Many Auckland landlords have enjoyed recent reports about high demand and rents being on the rise. Some landlords have made the most of this continued high demand and issued rent increases to stay in line with the market. However many landlords and some property managers still don’t have a policy in place to deal with regular rent reviews and often only review rents when tenants vacate. In the world where we live in one of the only certainties in life is that prices will eventually go up. Rates, insurance and maintenance costs are also on the rise and in order to maximise your investment, regular rent reviews are as important as a regular property inspection. Having accurate market rents will not only help ensure that you have the funds necessary to maintain and hold your properties, but also make improvements from time to time.
Landlords should undertake periodic rent reviews and it is often beneficial to review rents every 6-9 months. Tenants are required to be served with 60 days’ notice for rent increases plus an allowance for postage. Owners should carry out a comparative market analysis when reviewing the rent and you can read more about this in one of our recent blogs The Art of the Rent Review. You call also view average market rent statistics on our website which we update regularly and this resource will assist you to determine a market rent.
Allen Realty Property Managers is a specialist Auckland based rental property management company with a network of local neighbourhood branches in Greenlane, Mt Eden, Auckland CBD and Manukau. With over 20 years’ experience in managing rental property Auckland wide we provide a flexible and proven service to both landlords and tenants. You can check out feedback from current satisfied landlords and tenants on our website. You can email simonallen@allenrealty.co.nz for a FREE CONSULTATION or to request an information pack including how we can customise a service to suit your individual goals and objectives. You can also learn more about our property management services including the 10 Reasons to Choose Allen Realty, No Rent Arrears Policy, Tenant Selection Process and 60 day money back guarantee.
Allens provide regular articles and blogs on all things rental and property management. To sign up for all new articles and blogs register here. You can read recent articles including May 2011 Rental Market update, Negotiating Tenancies, A Landlord’s Preparation For Winter, Rugby World Cup Tenancies, Reduce Moisture Reduce Vacancies, Hot Tips to Maximise Your Rental Property and much more.
Are you tired of dealing with problem tenants, finding reliable tradesmen, or worried about extended vacancies? Then let us help!
By having a dedicated professional manage your investment you can concentrate on what you do best. Our comprehensive service aims to maximise the performance of your rental property while providing a high level of communication to property owners. This should result in less stress and more money in your pocket.
How does it work and what can I expect? Can you pay me rents every week?
Allen Realty can customise a service to suit you including but not limited to the desired lengths and terms of your tenancies, payment frequencies, inspection cycles, maintenance limits, special conditions and much more. Our payment frequencies to landlords are weekly, fortnightly or monthly. Statements are sent monthly but all landlords and tenants can also access statements on our website via our 24/7 Online Statement Access. We have lots of different statement formats we can offer for ease of interpretation. When maintenance arises we can contact you for all issues or alternatively organise the work using qualified and competitive tradesmen (yours or ours). Rent reviews are conducted periodically to ensure that you are always receiving market rents and we have a NO RENT ARREARS POLICY to ensure that all tenants pay rents when due and any missed payments are followed up as a priority. We pride ourselves in our communication to landlords and tenants and we are confident that we offer the best service in the market! We provide FREE market rent appraisals for all properties including new purchases.
How do you select tenants? What checks do you do?
Allen Realty has strict processes in place to govern our tenant selection process. This is one of the most important steps in an efficient property management service. The rest of the tenancy relies on this process being given the focus it deserves. Matching the right tenant to your property is vital for long term trouble-free ownership. We know how to minimise the many pitfalls of tenant selection and make this aspect a key to our property management plan. We make no secret of the fact that we will decline tenancy applications if they do not meet our criteria. What you could find a time consuming and difficult process is handled by our team promptly and efficiently. The failure to complete this process thoroughly can be costly! Read more about our Tenant Selection Process including information on credit checks, reference checks and Ministry of Justice checks.
Can you take over from another property manager?
If your properties are currently being managed by another agent then we can contact the current property manager to organise the entire transition to Allen Realty Ltd. All properties will be inspected within two weeks of the takeover date to provide owners with an inspection report outlining the condition of the property, outstanding maintenance issues and a current rent review. We can take over existing tenancies no problem and we are experienced in ensuring that this process has as little disruption to tenants as possible.
Property management is now a highly specialised service. Appointing a Property Manager can be one of the most important decisions you will ever make. Email simonallen@allenrealty.co.nz for further information on our services and charges.
June 02 2011 04:25 pm | Property Management and Renting Your Property
kim on 21 Aug 2011 at 11:03 am #
Hi, Just wondering how much do you charge to manage our rental property per week.
Thanks,
Kim
Allen Realty on 23 Aug 2011 at 11:20 am #
Hi Kim
Our management fees are currently on special at 7.5% – an information pack will be sent to you shortly.
Kind regards, Heather