Posts Tagged ‘rent’

RENT ROLLS – HOW TO BUILD A RENT ROLL

Starting a rent roll, how hard could it be? Just because it might not be easy doesn’t mean you shouldn’t start one. A rent roll is typically the rental division of a real estate agency, which deals with collecting rent and managing landlord’s investment properties. In return for these services, a real estate agency collects a commission and other administrative fees from the weekly rent the tenants pay. Why would you want to start a rent roll you might ask? I asked myself the very same question when posed with the choice of commencing one over a decade ago. I won’t lie it has delivered some very high and very low moments, but once we overcame the initial hurdles like what the hell we were doing, we really haven’t looked… Read More »

HOW TO: PREPARE YOUR HOUSE FOR A VACATE

One of the most stressful tasks when you’re vacating a tenancy, is ensuring your property is in tip-top shape. Under the General Tenancy Agreement (GTA) you sign at the start of your lease, it’s your obligation to ensure you leave the property in the same condition as when you moved in otherwise you will lose your bond. To make sure this doesn’t happen to you and you receive your bond back, here are a few top tips and tricks from iThink Property Manager, Bek Sheahan.     MANDATORY MAINTENANCE To start off, there are a few compulsory cleans you must do no matter what. One is carpet cleaning, and the other is pest control (if you have had pets). Please see below for more information on both of these: Carpet… Read More »

STAND OUT FROM THE CROWD WITH TENANCY SKILLS INSTITUTE

We are sure you’ve heard plenty of tips and tricks on how to make your rental application stand out from the crowd, but we’ve got one that will actually work! Introducing the Tenancy Skills Institute.  The Tenancy Skills Institute have listened to the struggles of property managers and tenants to create a training program dedicated to teaching tenants the necessary skills needed to find and maintain a tenancy. The program is a saving grace in the eyes of property managers and tenants. So how can you jump on board? Here’s everything you need to know from iThink Property Manager Peta.   WHAT IS THE TENANCY SKILLS INSTITUTE? “Everyone deserves somewhere safe to live. Real estate agents and property managers equally deserve great tenants.” This is the main driving force behind… Read More »

TIPS FOR SECURING A RENTAL WITH PETS

Finding a rental for you and your furry friend can be quite difficult! You’ll find your rental opportunities will dramatically decrease when you have a pet, but it’s not impossible to find a rental that can suit both you and your pooch. If you’re serious about finding a rental property you need to eliminate the ‘fear’ factor from your landlord by taking a few extra steps to reassure them your pet won’t damage their property. Take a look at our tips on how you can secure a rental with a pet from iThink Property Manager, Mikki Pohatu.     NEVER TRY AND HIDE YOUR PET The first thing you need to do is be up front. Don’t start off on the wrong foot and try to hide the fact you… Read More »

4 RULES TO KNOW WHEN YOUR LANDLORD IS SELLING

When a tenant hears that their rental property is up for sale they tend to panic- don’t! Just because the owner is putting the property on the market this doesn’t mean you need to pack your bags! Both you and the owner have rights and it’s important to understand them. Our Head of Property Management, Angie Lester is here to give you a head start, with some basic rules every tenant should know!     YOUR LANDLORD HAS THE RIGHT TO SELL As the owner, your landlord is within their rights to sell the property whenever they want to, even if it does fall during your fixed lease agreement. But don’t panic! You do have rights.   YOU MUST BE INFORMED BEFORE THE SALES PROCESS BEGINS Once the owner decides… Read More »

THE WORLD OF LEASING YOUR PROPERTY HAS CHANGED

Gone are the days we could just put up a sign outside your property and it would be rented within days.  We live in a world where digital media reigns supreme in the advertising world and it is becoming more important to jump on board. According to realestate.com (REA), 91% of tenants are now searching online for properties. That is a huge number of potential tenants! To help ensure your property stands out from the crowd here are a few tips from our Leasing Consultant, Shona Grayson.     BE SEEN As advertising online is now a must, everyone is doing it. This means you need to stand out from the crowd to be seen and this starts with your positioning. According to REA (2017), what page your property is… Read More »

REFRESH YOUR RENTAL BETWEEN TENANCIES

It’s a struggle to find time to renovate or repair your rental while a tenant is in place. So when your tenants are vacating and there is a week or two between tenancies you need to jump on this opportunity!  You want to achieve premium price and attract quality tenants so giving your investment a little TLC will go a long way.  iThink Property Manager, Tori Austen has a few tips to help ensure your property is in tip top shape.     PRESENTATION Before jumping head first, take the time to think about how you want your rental property to look & what type of tenants you want to attract. There is no question about it, prospective tenants are more attracted to well-presented properties. A well-presented property doesn’t just… Read More »

REPAIRING RESPONSIBILITIES – TENANTS & LANDLORDS

It’s time to stop the confusion and find out who is responsible for what repairs in a tenancy. It’s a question that comes up regularly and is a major cause of many arguments. To avoid delays in repairs, our Head of Property Management, Jaime Shepherdson is here to inform you of your responsibilities in advance.     The basic rules regarding rental property repairs are simple: If repairs are needed because of wear and tear over time, paying for them is the landlord’s responsibility. If a repair is necessary because of damage caused by a tenant, housemate or guest it is the tenant’s responsibility to pay for the repair.   For example, if a tenant throws a ball through a window and breaks it they will be responsible for the repairs,… Read More »

DEALING WITH A DROP IN RENT

The rent reduction conversation is never an easy one between property managers and landlord’s. What it simply comes down to is an open line of communication and an education process on current market conditions. There is always a reason why a property doesn’t rent. To help landlords understand why, Director at iThink Property, Kylie Walker has underpinned the factors which may affect rental income and could trigger the drop in rent.   Three P’s In our ever-changing digital world renting a property is no longer about simply putting up a sign. With 95 percent of our tenants searching for a property online, it is the primary source of securing a tenant in today’s market. From the start we need to ensure the property is presented well, by that we need… Read More »