New listing: Executive home available for rent in Parnell, Auckland

You can’t beat this location – Gladstone Road, Parnell: spacious two bedroom two bathroom semi-detached townhouse, newly renovated to a high standard and ready for you to move in/ to rent/to let. We are looking for the ideal professional couple. This executive home/property comes with a vast amount of storage, 2 car parks and all white ware is included. $750/ week

Quinovic Parnell

Call our senior property manager for early viewing, this property wont be available for long….Thomas Goehring 0211 195 721

parnell executive home rental property new listing

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

A Day in The Life of a Property Manager

Here at Quinovic Parnell it is fun and always busy. Our three property managers are right on top of their game with zero rent arrears, all property inspections up to date, rent reviews up to date and lots of spring property maintenance and upgrades in process. They love what they do and it shows in their work results. So here’s to Chris, Gordon and Thomas for their focus and dedication to our clients – property owners and tenants.

Contact us: Mary Vinsen

 

Good News On Rent Arrears

It is great to tell a story with a positive ending. We seem to have a lot of focus on rent arrears at the moment and mostly because we are achieving zero rent arrears for our current clients and  finding new clients who have suffered losses in the past while self managing their rentals . Many also suffered losses while their property was being managed by other residential property management companies. However we have a client who had some historic rental property arrears and have been chasing this money for  them for a few months now. The amount was significant and the tenant in arrears had well and truely moved on. The good news is we finally tracked him down and have received a 50% payment from him today. It was fantastic to tell our client they would be receiving the money in their bank account within 5 days and the rest will follow soon.  They are ecstatic!  Rental Property owners do not owe people free rent and specialist property managers will make it their priority to collect rent efficiently with no excuses for non-payment.  Contact us Mary Vinsen or David Vinsen at Quinovic Specialist Residential Property Managers Parnell. We would love to help and especially if you have rent arrears to deal with.

More on Rent Arrears…

Having written last week on “How to Achieve Zero Rent arrears” I was amazed to discover two friends whose rental properties had fallen into serious arrears while being managed supposedly by professional property managers. Sadly we hear the same story time and time again so this was just another example (two more actually) Why would any landlord accept tenants who fall behind in their rent payments. Well example number 1. Owner of a very nice 5 bedroom home under-rented, managed by a property manager who was under resourced to cope with the business, did no inspections in a year, did not review the rents and allowed rent to be in arrears to the tune of $9000?? The question is why? Why does an owner put up with it? They said they didn’t want to lose the tenant in case they couldn’t find another one?? But worse still, they didn’t want to terminate the agreement with the property manager because the property manager was a friend and was cheap!!  Example number 2. Property investor with several rental properties, some managed by property management company and some self managed.  The self managed properties lost $16,000 in rent arrears in one year? Why? The investor could not be bothered to check his bank statements nor did he review rents or inspect the properties. Needless to say we will be offering to turn the situation around in both cases including chasing the rental arrears. As a property investor myself and owner of Quinovic Property Management Parnell I know there is a better way. Contact us Mary Vinsen or David Vinsen and have your property or properties managed professionally.