A little DIY here, a splash of colour there – it’s amazing what a few small adjustments could do for the price of your rental property. And let’s be honest, who doesn’t want to be able to charge more rent? The great thing about owning a rental property is that the ball is in your court – there are endless opportunities for you to add value.
If you own one rental property or many, it’s important to keep them in good condition. That means doing some specific maintenance during winter in order to keep your investments in tip-top shape.
When you rent you have to be very mindful of what you can and can’t do to your property. You’ll need to obtain the landlord’s permission to make changes so you don’t incur any damage or reduce your bond.
As a tenant, your routine can be disrupted when your rental property is put up for sale. The selling process requires Open For Inspections whereby you’ll have to minimise your clutter and have interested buyers closely inspect all rooms.
Contrary to popular opinion, the rental market is actually a tenant’s market, according to new data from Trade Me Property.
Statistics suggest Landlords are not increasing rents unrealistically. While there was a flurry of activity at the end of 2014 and the beginning of 2015, the past five months have seen only small increases in weekly rents.
Do your tenants whisper these words as they peruse your rental property?
Sharing a rental property with friends is one way to feel instantly at home but are they necessarily the best people to live with and share expenses?