Landlords! Opportunity is knocking and you are missing it!
We have all seen the headlines. Teachers forced to bunk in with their bosses, over 10,000 households waiting for public housing, up from 4530 the same time last year. We have even seen disturbing headlines such as ‘sex for rent’. Almost daily now, we see stories across New Zealand of people struggling to secure rental properties and rising rents forcing people out of their homes.
It would appear that too many property investors have their focus the wrong way round. While at the moment, it would appear that property investment is becoming a little too hard, now, more than ever, it’s time to be excited about being a landlord! In the middle of every difficult situation lies opportunity, and opportunity is here. Will you capitalise? Or will you, like many others, miss the opportunity? What are we talking about? This is our quick guide to why property investment is exciting to be involved in now more than ever, and how you can snatch the opportunity for yourself!
More properties will be available to purchase
It is no secret that there has been a lot of change for property investors in the past three years, including legislation and market changes to name just a few. For many, it is time to cash in the chips before it all gets a little bit too hard. This means that very good investment opportunities will be coming to the market for sale. More opportunities to add to your portfolio could mean growth, quickly. You should be excited about the opportunity to increase your portfolio. After all, the goal is to improve your position right?
Rents will continue to rise
Not only will you find more properties on the market, but with the changes in legislation calling for more work on the part of the landlord and certainly more
The work you have to do isn’t that hard
If we’re honest, the work that
Tenants are staying longer
The average period of a tenancy in Wellington is roughly two and a half years. This is echoed throughout most of the country. Why? Because the changes in legislation are making properties nicer places to live. Tenants want somewhere that they can call home and don’t want to be jumping from flat to flat, house to house every year. Likewise, the summertime property rush is arduous on tenants, so why bother? A lot of tenants prefer to be in one place for an extended period, minimising your vacancy and making life easier with a good tenant.
Property management is better
Over the last few
It is clear then that opportunity is fast approaching and property investment is just as exciting as ever to be involved with. Rally the troops, call your mortgage broker, accountant and property manager and find out more on how you can snatch the opportunity in front of you to improve your portfolio. Don’t have a property manager? Just need a second opinion?
Feel free to give us a call anytime on04 381 8604 . We would love to help!