With the Tauranga property market doing so well over the last few years, more people are interested in getting into property investment. Of course, property investment is not something to consider lightly and is not always smooth sailing for Landlords. There are some key things you should consider when buying an investment property and to help you on your journey here are four questions you should think about:

1. What are you trying to achieve?

Is it money? Is it wealth? For most people, the answer is financial freedom. The actual bricks and mortar of your property probably isn’t your end goal. Rather, it’s the vehicle to get you to where you want to be. Therefore, treat property investment as a journey, and don’t get lost along the way.

2. What strategy are you going to use to get you there?

For some investors, their preferred strategy is high growth properties. For others, it is a consistent cash flow. If you are in the first camp, you need to look for properties priced below their intrinsic values in areas that are going to perform well in the long term. Look for something that is a bit unique, a bit different or special, and add value. Look for a property that’s going to be in strong demand by owner-occupiers rather than just tenants.

If cash flow is your main driver then consider investing in either established or growth suburbs. Buy property that is near schools and shops, is easy to maintain and will be easy to rent out.

3. What can you afford?

We recommend visiting a proficient finance strategist, either your bank or a professional financial advisor or accountant who understands how to set your finances correctly. Also, always get your loan pre-approved, because that is going to be one of the factors that affect where you buy and the sort of property you can buy.

Before you purchase your property, talk to our team for a free market appraisal of the property to make sure you are realistic about what you will achieve.

4. Who do you ask for advice?

As stated above, you should always talk to your bank and accountant for professional advice about your finances/costs. We also recommend using a good lawyer to get the right ownership structures, the right entities etc.

Next, you should speak to a certified Property Manager for independent property advice. This can help protect you from investing in the wrong type of property or paying too much for an investment property.
If you are thinking of purchasing an investment property in Tauranga, give Chris a call. Chris has many years of real estate and property management experience and will give you the best advice for your property investing goals.

When it comes to small businesses, the success of the business depends heavily on word of mouth.  With Connect Realty Ltd being a local privately owned company we understand that positive reviews & testimonials from our clients help you make a decision about whether to use our services.  

Here are some of the more recent reviews we have received On Google:

Connect Realty Ltd team have managed my property in Greerton for 4 years now and I have found their service to be reliable and timely. They accommodate my out of town visits and requests for assistance without skipping a beat. Thank you Team Connect for making rental property ownership possible. Judith Hunter

Chris and her team have been a pleasure to work with, quality service and competitively priced. Thanks. Heath Coleman

We have thoroughly enjoyed working with Chris and her team and are very happy with the tenants that Connect Realty recommended for our property. They are very efficient and quick to respond on any of our queries and nothing is too much trouble. It has definitely taken the stress out of being a landlord . Diane Coates

Chris and her team have always provided great service for my rental property in Tauranga. Highly recommended! Sydney Crocker

Have had Connect managing my property for almost 3 years. Very efficient, regular updates, sourced good tenants and unlike other agencies do not try and make additional money from constant repairs, instead arranging quality maintenance as and when needed. I wish they had an operation in Wellington so I could move my business to them there. Stephen Davies

Connect Reality have managed a number of rental properties for us over the years and we could not be happier with the service provided. Chris and her team have years of experience and in depth industry knowledge. Exceptional high standards are maintained through clear and concise policy and practises. From vetting tenants, property inspections, maintenance, rent collection and insurance through to compliance issues. Highly recommended.  R. Bawden

I would highly recommend Chris and her business. Very professional and experienced staff and anyone I have mentioned it to has only got great things to say. They have an amazing commitment to property management and have high standards and attention to detail! Again would highly recommend:)  Sarah Pearson

Chris is lovely! I’ve had the opportunity to speak with her a few times and would recommend her without hesitation to anyone who needs property management services in her area! Todd Breen

Chris and her team have managed my rental property in Tauranga for five years. During that period the house was never empty, there were four changes of tenancy over the period and every time the new tenants moved in a day or two after the incumbents departed. I am in the military and am often overseas and un-contactable, Chris dealt with all tenant issues and arranged maintenance, and contractor access with minimal input from me, which was excellent. Chris managed steady rent increases and tenants were always vetted so no issues with missed rent or damage. Chris was also very helpful when it came time for me to sell the property, allowing access for estate agents and helping to smooth things over with the tenants during the sale process. I would highly recommend Chris and her team to any investors who need reliable management of their property with minimal input. Nick Foster

Positive testimonials and reviews strengthen our credibility and our business and I am grateful to all the clients that have taken the time to write kind words on our website, Google and Facebook.

If you have any queries about our services please do not hesitate to call.