No Money, No Keys.

November 22nd, 2012

From time to time we get tenants asking if they can move in and
bay the bond later. The simple answer is no! If the money is not there before
they move in, we do not give them keys. It really is that simple. In every case
where this has happened, amazingly the money has appeared.

Another issue is Bond Transfers. Our policy is that we won’t
accept them, unless the bond inspection has been done and the previous landlord
has already signed the form. We will also call the previous landlord to make
sure they have indeed signed the form.

Once a tenant is in the property extracting money they owe
for bond can be a painful experience, so avoid the pain and make sure you are
fully paid up before they move in.

Shayne Thurston

Lambton Property Management

Shayne's blog

How to keep tenants happy (Tip Number 4):

November 21st, 2012

Communicate regularly. Having good communication with
tenants helps with lease renewals. If they feel appreciated and valued they are
more likely to renew their leases.

When you dispatch tradespeople, ensure that the tradespeople
follow set rules about contacting the tenants.

Once the work is done, if there is more to do afterwards,
let the tenants know.

If you are doing an inspection, don’t just email the
tenants, also text them a reminder as well.

 

Shayne Thurston

Lambton Property Management Ltd

Uncategorized

The importance of rent records

November 21st, 2012

Keeping accruate rent records seems like a no brianer right? Well it should be. But we often come across problems when we take over management of places where the rent records are incorrect and details of the tenants paying the bond are not recorded. This then takes a significant amount of time to sort and resolve.

You need to note:
When and how the bond is paid and how much
When and hwo each rent payment is made and how much
What current arrears are and keep a close track of this.

 

Shayne Thurston
Lambton Property Management

Uncategorized

Te Aro Towers

March 23rd, 2011

The latest rental evaluation is online now

http://www.propertyman.co.nz/te-aro-towers.php

Shayne Thurston
Lambton Property Management

Uncategorized

Te Aro Towers update

March 18th, 2011

An updated rental evaluation for Te Aro Towers has now been uploaded.
You can view this here http://www.propertyman.co.nz/te-aro-towers.php

Shayne Thurston
Lambton Property Management

Uncategorized

Confusion, oh confusion

March 13th, 2011

So I was reading the NZ Herald website today and came across the following two articles.

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10711476

http://www.nzherald.co.nz/rebuilding-christchurch-business/news/article.cfm?c_id=1503045&objectid=10711673

Now, we have all read the reports of rent increases in Christchurch at the moment, but then I read today about how this was not the case - in fact to quote “It is malicious to make these claims in order to influence Government in an attempt to have rent controls imposed,” said Evans.”  I find it annoying that reporters jump on something and run with it, without doing much apparent research into the validity and factual base of the story. Then without a second thought about what they have already written, the ‘paper’ they work for runs a story that essentially says “Our reporters were idiots and reported some malicious stuff to make some people happy and sell some papers”.

The confusion is a bit frustrating. Isn’t it their job to research stories and report what is factual and true?

Shayne Thurston
Lambton Property Management

Shayne's blog, Thoughts and Opinions

Wednesday 16th March - Come Along

March 9th, 2011

Wednesday 16th of March - note it in your diary. Steve Goodey will be talking about what he does best, Property. I went to a talk Steve did last week and it was entertaining and informative. The crowd got into it and the questions came hard and fast. Steve answered them all with good consise answers and a touch of humour :) It was a good informative night.

I enjoyed myself, learnt some things and met some good people. I recommend popping along on the 16th - I will see you there.

You can book your seat here.

Shayne Thurston
Lambton Property Management

Professionals, Shayne's blog

Rent Shock for Auckland predicted

March 9th, 2011

This article in the NZ Herald today just outlines the continuing situation in Auckland with the lack of available properties for rent. The situation is not just going to stay in Auckland though, we are going to end up with a similar situation in Wellington.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10711046

Shayne Thurston
Lambton Property Management

Housing, Shayne's blog

Building Consents - Good news for property investors

March 7th, 2011

So building consents are at an all time low. This January was down on last January’s numbers. And this is only going to get worse.

What does this mean? Less homes getting built. Which leads to less accommodation available. Which leads to increased demand for properties. Which leads to higher rents and having your pick of tenants. This for property investors is a good thing.

I fondly remember five years ago when in summer you put an ad in the paper (yes in the paper.. it’s that thing made of newsprint with all that black ink across it) and you had 30-40 people turn up for a viewing and it was rented that day. Since then there was a lot of building and when the recession hit a lot of accidental landlords. I simply can’t wait till everything is back in the landlords favour again - and its not far off :)

http://www.stuff.co.nz/business/industries/4739803/Building-consents-hit-eight-year-low

Shayne Thurston
Lambton Property Management

Housing, Shayne's blog

Always look first

March 7th, 2011

Always look at a property you are about to rent. Never rnet it sight unseen. Apart from setting yourself to rent a place that you don’t acually like, you leave yourself open to potentially being scammed and handing over your money for a place that doenst exist.

http://nz.news.yahoo.com/a/-/top-stories/8961641/scammers-cash-in-on-rental-shortage/

Shayne Thurston
Lambton Property Management

Housing, Shayne's blog