Tenant Application Process

landlord handing over key

Given the on-going high demand for rental housing in Tauranga, Mt Maunganui and Papamoa, we think the better prepared you are for property manager appointments and applications the more likely your success in finding a home.

 

So the team at Connect Realty have put together this list of things you can do to help you be better prepared for the application process, property viewing appointment, and for when you accept your rental home tenancy agreement.

 

1.             Where Do You Want To Live and What Type of Home Do You Need?

 

First things you need to consider and to write down:

  • What type of home you are looking for as a rental property e.g. family home, small apartment, unit, large grounds etc
  • The location/suburbs you are happy to rent a house in and, if you have one, a list of suburbs or streets that do not fit your criteria. To make this list consider commute times, shopping areas, public transport etc.
  • If relevant, note any school zone you prefer to live within.
  • How many rooms you need, and any extra requirements such as off street parking, boat storage,  storage shed etc.

 

2.             How Much Do you Want To Spend on Rent?

Once you have your criteria written down you then need to consider your rental budget.  At Connect Realty we have a range of properties within all budgets, from waterfront Apartments to smaller town units.  If you let us know your budget we will show only relevant properties to you.

If you are unsure of budget, a general rule of thumb is to spend no more than a third of your income on rent.

Rents can sometimes rise during a tenancy, however your rent cannot be increased for 180 days from the start of the tenancy and a landlord is required to give 60 days’ notice of the increase.

 

3.             Do You Have Pets and/or Do You Smoke?

For some landlords Pets and/or smoking are not acceptable in the rental property. If you have pets you need to be honest about what they are and how many.  We will only show you those properties that accept pets.

Likewise for smoking, please be honest in your application. Most properties will not allow smoking in the home, if you do smoke you will be required to do this outside.

 

4.             Referees

Make sure you have references from previous landlords or suitable referees for us to call. We require names, phone numbers and written references. Family members are not accepted referees.

 

5.             View Our Website ‘Properties For Rent’

Now that you have your criteria listed, we encourage you to look carefully through our website ‘Properties For Rent’ page to see if there is a property that suits your needs.  If you see a property you are interested in viewing please phone us for the address so that you can drive by the property and see if it suits you.

Due to the current high demand for rental properties there may not be a suitable property listed on our website. In that situation please call us anyway to give us your details and criteria , so if a suitable property comes up we can phone you.

 

6.             View A Property

If there is a property you are interested in we can organise a viewing for you.  First we require you to fill out an application form, available on our website or at this link  – Tenancy Application Form.

Once we have your application we will call to arrange a suitable time to meet.  If a property is occupied this may take a few days to organise.

 

7.             Renting A Property

If you would like to rent the property, and your application is successful, we will require you to pay a deposit immediately .  Payment before you can start your tenancy usually includes:

  • 4 weeks bond – this is returned to you at the end of the tenancy, unless a landlord makes claims against damages, arrears or cleaning etc.
  • 1 weeks rent
  • 1 weeks rent +GST as a letting fee

We will also require you to sign the tenancy documents.

Ongoing rent must be paid in advance.  Don’t forget it usually takes the banks  24 hours to process payments, so you need to make your payment one business day before it is due.

 

8.             Your Tenancy

Once you have moved into your property all tenancy issues can be sorted through us.  For example, if something needs repairing then we will organise a contractor to come and fix it.

As part of our Property Manager role we will also inspect the property about every 3-4 months.  We will give you at least 2 days’ notice of any inspection and our inspections are usually on a week day  during working hours.   You do not have to be present for our inspections.

If you require any more advice about renting a property in the Tauranga, Mt Maunganui and Papamoa area then don’t hesitate to call us at Connect Realty Property Managers. We have many years’ experience in real estate and extensive local knowledge for these areas.

 

Papamoa Properties In Hot Demand With Investors

Chris Jenkins, from Connect Realty, features in this Bay of Plenty Times article that came out today. We have been fielding many property management & investment inquiries from Auckland & Wellington buyers who were seeking rent appraisals and advice on where to buy in the Tauranga area.

At present the demand for rental properties in the Bay of Plenty, especially the Tauranga area, is far outstripping supply.  We encourage any property owner who is considering renting out their property, be it a second house or bach, to give us a call to discuss our services.  We have many years expertise in real estate, and because we are a locally based company we keep up to date with all property news in the Tauranga area, including up-to-date property prices, rental returns etc.  So give Chris or Nicky a call on 0800 333 221.  Here is the Bay of Plenty Times Article:

Papamoa properties pull Aucklanders

Lindsay Richards says investor confidence has lifted in the rental market. Photo / John Borren
Lindsay Richards says investor confidence has lifted in the rental market. Photo / John Borren

Aucklanders are cashing in on rising house prices by using equity in their homes to buy investment properties in Papamoa.

Golden Sands sales and marketing manager Mark Day said Aucklanders who had capital equity in their homes were making five-year plans and taking advantage of the shortage of Bay rental properties.

A four-bedroom home in the Papamoa subdivision was let for $540 per week and bought for about $440,000, while others fetched $485-$510 a week.

“Investors are gaining confidence and it’s safe to say this is a sound place to invest … you are going to get a good return and stable tenants.

“There are jobs being created in Tauranga and employment opportunities are growing as more businesses relocate.”

Rentals accounted for about 3 per cent of sales but Mr Day expected that to rise as people got their “head around” equity they already had.

Ray White Realty Focus Mount Maunganui and Papamoa franchise owner Greg Purcell said that for the “first time in a long time you are getting equity gain”, not just yield.

“People were probably just looking at returns but now prices have popped up in Papamoa and there is no question about that.”

Aucklanders knew equity was on the move and wanted to get a foot on the property ladder in the Bay, he said.

Tauranga Harcourts general manager Nigel Martin said Auckland investors saw potential in Tauranga.

“Our prices haven’t moved up in a while and they’re looking at this market thinking it may be in for a price rise soon.”

As well as investors, retirees, young families moving for new jobs and people buying holiday homes were among those making inquiries, he said.

“We’re finding people come down for the weekend, look at three or four homes and make good, quick decisions.”

Realty Services chief executive Ross Stanway said many Aucklanders were moving for the lifestyle and lower house prices.

“The amount they’re getting for their Auckland property means they can cash in up there, move down here and buy a better house for less, and often being left with a little left over.”

Tauranga Property Investors Association secretary Lindsay Richards said there would be an increase in house demand and pricing in the next two years. Investors had learned from past boom-and-bust consequences but were becoming confident. “There are a few people being cautious but we have been in a slump for so long that things have got to pick up.”

Tauranga Rentals owner Dan Lusby said potential Auckland retirees were buying early in Papamoa.

“There are a lot of newer homes in Papamoa, they have equity in their homes in Auckland and the rent pays for it down here.”

Tenants also preferred newer homes and would pay a premium, he said.

Connect Realty Property manager owner Chris Jenkins said they had dealt with out-of-town landlords, including people from Auckland and Wellington who had bought new properties in Papamoa. In the past three months, she had fielded more inquiries from out-of-towners seeking renting appraisals or advice on where to buy.

Four new properties had been let.

“There is a real positive vibe happening and I think the more investors we can attract to buy rentals, the better.”

Rental demand was outstripping supply, she said.

– Bay of Plenty Times