Your property must stand out in order to attract the right type of tenants. Here is a list of questions that we encourage potential landlords to ask themselves before renting their property:
Does the property have adequate heating and insulation?
It is important to know that by 1 July 2019 all rental properties in New Zealand are required to be insulated by law. Most tenants will prefer to be living in a warm insulated home.
Has the property been well maintained?
The property should be well maintained. This includes things such as freshly painted walls every 4-7 years, a clean exterior, and a tidy interior. It is important to note that tenants will be more likely to look after a property that has been given to them in a clean and tidy condition.
How can I attract the best tenant?
When you are considering to rent out a property, you must consider your ideal tenant. Things such as a fully fenced backyard, proximity to public transport, and a tidy kitchen and bathroom are all factors considered by potential tenants.
What chattels are included in the property?
If you are including items such as White-ware, linen or if your property is fully furnished, it is important to make sure that these are all in good condition and working order. These items must be itemised for your own records.
Are you adequately insured?
It is important to consider landlord insurance to cover you in the event of rent arrears or accidental damage to the property during tenancy. We recommend consulting a professional to check that both you and your asset are sufficiently covered.
Do I know my legal obligations and rights?
As a landlord, there are many responsibilities you take on to make sure that your property is fit for tenancy. You need to ensure that you are familiar with your obligations as a landlord including sound knowledge the residential tenancy act, privacy act, building act and many more.
Do I need a property manager?
All of these things can seem overwhelming. At Tommy’s Property Management, it’s our job to ensure that we take care of all these factors for you, making sure that you achieve maximum return on your investment. By choosing to work with us, we can make sure that the hassle and stress of tenanting an investment property is minimised.
Call us today to arrange an obligation free appraisal of your rental property.