Property Management Auckland

Quinovic Parnell property managers have returned from their christmas break as have a number of property owners, and business is very busy. Many of our new clients read our blog about self managing rental property, rent arrears, choosing the right property manager etc last year and are now coming to us to take the pressure and worry off them. Fortunately we are very well resourced at Quinovic Parnell and have the capacity for lots of  new business this year. In fact there is a growing demand for rental properties and definitely a shortage of well presented and well maintained houses, townhouses and apartments.  We have already taken on new clients and as well as those who read our blog we have a number of referrals from current clients. Property management in Auckland should definitely be the job of a professional property manager who can ensure rents are paid on time every time, rents are reviewed and kept up to market, properties are maintained, tenants meet their obligations and legal requirements are met.

On another but related note. Owners of Quinovic Property Management Parnell, Mary and David Vinsen recently sold their house so they could move to Parnell and rent a property there. Ironically they had to look beyond their own property portfolio to find a suitable rental property because everything they had on file was rented long term. Luckily they have found a home and in the process found some new properties to manage. They are now looking for tenants wanting high quality elegant homes in the $1000 to $2000 per week rent bracket as well as more properties in the $500 to $1000 per week bracket.

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Enhancing Residential Investment Property Rent Returns

Property Magazine International printed an article this week about enhancing private rental sector returns from the third quarter Young Index. The article gauged landlords views on the value of professional property management and its impact on residential investment returns.

Stats are for London but the trend is definitely reflected in Auckland’s investment property market.

Here are the trends:

76.6% of landlords believe that tenants pay higher rent for properties that are managed by professional property managers

82.9% of landlords believe that average tenancies are longer for property that is professionally managed

73% believe that professional property management enhances capital value

85.7% believe that professional property management is money well spent

77.6% recommend using professional property managers

81% spoke to use a professional property manager

17.2% only, manage their own properties.

The percentage self managing their properties is probably higher in the New Zealand rental property market due to the Kiwi do it yourself mentality in the name of cost saving. False economy?

In our experience properties we manage:

  • are well maintained so attract & retain good tenants and enhance property value
  • attract above average rents and with 6 monthly rent reviews ensure the best return and well and truely justify management fees
  • attract higher than average rents at letting time because tenants are not faced with letting fees.

Contact us for rental appraisals and management proposals , rental houses, rental units, rental townhouses, apartment blocks in Auckland.

Mary and David Vinsen and our team at Quinovic Parnell, Thomas Goehring, Gordon Walker, Chris Fleming.

www.quinovicparnell.co.nz