Best candidate for a rental property image for connect realty property managers blog

How To Be The Best Applicant For A Rental Property

Best candidate for a rental property image for connect realty property managers blog

Ever wondered why some people find it easier to get a rental property than others?  At Connect Realty we pride ourselves on managing quality properties across Tauranga, Papamoa and Mt Maunganui, and having quality tenants in them.  That means we vet all potential tenants to make sure we find the right candidate for the homes we manage.

If you are finding it difficult to get accepted by rental agencies, or keep missing out on the best homes available, then we have some top tips that may just help.

Referees

Property Managers and landlords like to see references. Make sure you choose referees who are in respected positions (e.g. landlord, employer, community group leader). Friends or family, no matter how much they love you, do not make good referees.  We recommend getting a reference every time you vacate a home, and keep these for each new landlord or property manager to see.  Provide contact details and make sure they know they may be called.

Pets

Having a pet means you will be limited in which properties you can rent.  If you don’t have them already then we recommend not getting a pet as it makes it very hard to get a property.  The main reasons are potential damage from accidents inside, pet fur and/or hair in carpet and mess they can cause around the outside of a property.  Even if your current landlord is ok with pets, your next one may not be so keen.

Smokers

We recommend that you consider quitting.  There are few landlords or property managers who are happy to place tenants in a home when they are smokers.  Smoking inside properties causes lots of problems, especially smell.  There are free online quit programmes that can help you, and local support groups as well.  Some apartment complexes also ban smoking from balconies and decks.

Appearance & Attitude

The saying goes you can tell a lot about a person by the way they present themselves.  If you want to impress property managers or landlords then we recommend you turn up on time, dress nicely, and be honest.  Property managers and landlords are busy people too, they don’t want to wait around for applicants who don’t show the courtesy of showing up on time.

At Connect Realty we strive to be open and honest to all applicants and tenants, and if we suspect you are not telling the truth we will not rent to you. So be open and honest during the application process.  Provide all the information asked for.  The more thorough you are, the more seriously your application will be considered.

We also recommend that you ask questions.  The rental relationship has to work two ways.  You need to be able to communicate with the landlord, and they with you.  If you ask questions you will both be able to better assess how that relationship might go.

If you’re looking for a rental property in Tauranga, Mount Maunganui or Papamoa then have a look through our properties for rent tab on our website – https://www.connectrealty.co.nz/properties-for-rent.  If you see a property you are interested in viewing please phone for the address.  We will walk you through our application process from there.

5 Rules for real estate investing in the bay of plenty blog by connect realty

5 Rules For Real Estate Investing In The Bay Of Plenty

5 Rules for real estate investing in the bay of plenty blog by connect realty

There are actually many rules for real estate investing, so many that we could probably write a Connect Realty property investing book!  However, these are some of the key rules that we think you should consider when you are about to purchase your first investment property.

 

1. Goal Setting

 

We recommend you set specific goals for your property investment, or investment portfolio. This isn’t your wish list, but rather clear and detailed goals that you want to achieve by purchasing property as an investment.  Be smart about these goals, and remember that property should be a long-term investment.  Things to consider include the number of properties you want to acquire, your annual return on your investment properties, type of properties you want to own etc.

 

2. Knowledge

 

Educate yourself.  The more knowledge you have about the location, the market, future council plans etc, the better informed you will be and the more likely you will succeed.

Our years of real estate expertise in the Bay of Plenty property market, including Tauranga, Mt Maunganui and Papamoa, means we can give you key advice about what areas are growth areas, where there is high demand for rentals, the types of rental returns you can expect etc.

 

3. Don’t Speculate

 

We recommend you consider your property as a long-term investment.  Even though Auckland is experiencing un-seen growth in house prices, you never know when a market will peak.  We think it is wiser to not chase after fast appreciation, but to invest in property where the numbers make sense from the beginning.

 

4.  Find A Good Mortgage Broker & A Great Accountant

 

We recommend shopping around when it comes to arranging a mortgage for your investment property. Mortgage rates are competitive in the current housing environment, so take advantage of this and meet with mortgage brokers to see what they can offer you.  You may be surprised how much this can save you in fees and charges.

 

We also believe a great accountant is key to peace of mind for first time property investors.  Outgoing and ingoing expenses should be managed by a qualified, reputable accountant.  This will become even more important as your portfolio expands. The costs associated with the accountant can be negligible when compared to the savings a professional can bring to the business.

 

5. Use Professional Property Managers

 

We may be a little biased about this, but ask any good real estate investor and they will tell you to never manage your own properties. Property management requires a solid understanding of New Zealand tenancy and landlord laws, good marketing skills, and strong people skills to deal with any tenancy issues.

 

At Connect Realty we provide a high quality property management service to all our clients in Tauranga, Mt Maunganui and Papamoa. We aim to obtain the maximum returns for your investment.  We also have the latest market leading software systems that deliver up to the minute reporting.

 

In fact we are so confident with our service that we offer a three month money back guarantee if client’s are not completely happy!

 

So if you are thinking of getting on the investment property ladder, call Chris for a confidential chat about your needs and goals. Whether you are based in Tauranga or outside the Bay of Plenty she can provide you with local real estate knowledge and the latest rental market insights, as well as discuss Connect Realty’s property management services.  Visit our website for more www.connectrealty.co.nz.