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Tauranga Property Investors Urgently Required

Mount Maunganui from Pilot Bay

 

 

The official start of Summer is only a couple of weeks away and once again the Bay is ready for a summer full of events and visitors. Even though we don’t have the annual cruise ships this year, there a many Kiwi’s exploring the country and we expect lots of these local tourists to explore our amazing Region.

As we have spoken about in previous blogs, rental properties are still in short supply in the Bay area (this includes rental properties in Tauranga, Mount Maunganui, and Papamoa areas). We have many fantastic tenants waiting for their ideal home, this includes houses, units, and apartments both furnished and unfurnished.

With low-interest rates now is a great time to think about property investment and a great time to rent out that bach or second home that doesn’t get used as often as you would like. The returns on investment are excellent, and with our flat-rate Property Management fee, we can guarantee what your rental return will be. Furthermore, we have a strict selection process for screening tenants and we have regular comprehensive property inspections using the latest property management software.

If you choose to use us as your Property Managers, we have a secure Landlord Access Portal that you can access anytime from anywhere. This portal will provide you with tenancy information, from income and expenditure reports to tenancy details, at any time.

Our expertise includes over 20 years of real estate knowledge for the Bay area. We are a privately owned and operated business and we pride ourselves on our fantastic and friendly service.

So, if you have a property you would like to rent, or if you are considering becoming a property investor in the Bay area, give us a call today. We can walk you through the steps of what you need to do, including any legal requirements, discuss rental returns, and set you up with the perfect tenants as soon as you’re ready!

Freephone 0800 333 221

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 you are 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.

Location Location Location – What’s Hot In Tauranga Property Investing

Photo of Papamoa Beach at Sunset

Those famous words, THAT famous TV programme.  Yes, despite what many real estate agents will tell you, location really does matter for both home owners and property investors.

But this is a positive thing when you’re looking at investing in property in the Tauranga Region.  With so many fantastic suburbs and a great lifestyle for everyone that lives here, investors are spoiled for choice.  Here are just a few of the suburbs in Tauranga that are hot right now:

Papamoa

Papamoa is the largest suburb in the city of Tauranga and growing every day.  With close access to a stunning 16km long white sandy beach you have surfing, fishing, swimming and every other beach activity right on your doorstep. Besides beaches, this suburb has a real sense of community thanks to great markets, lovely schools and many community-run events for families.  There are new schools here, College and Primary, with more proposed given the rate of growth in this area. Nearby shopping precincts include Fashion Island and Bayfair shopping mall.

Investors have the choice of buying do-ups in some of the older streets, a new home in one of the newer subdivision developments, or investing in a house and land package.

We would recommend this area as a great place to invest, it is particularly suited to those landlords looking at families as tenants.  You will see a strong return on both rental return and capital investment in this area.

 

Bethlehem

Bethlehem is a more established area with mature gardens, a great shopping area close by, supermarket, cafes and restaurants, and it is an easy drive to the centre of Tauranga.  Bethlehem also has great schools, including a high school and 2 primary schools.

This area would suit investors who want to buy an existing home in an established area, it attracts both families and older persons thanks to its safe and relaxed lifestyle.

 

The Lakes

One of the newest developments in the Tauranga area, The Lakes is only a short drive from Tauranga CBD and is selling very quickly.  One of the biggest draw cards for this area is the lifestyle it offers families.  There are acres of parks, reserves, lakes, children’s playgrounds, cycle tracks, walkways and running trails.

The Lakes also has easy access to the new express way which gives you access to anywhere in the district, and there are no traffic hold ups!

There is much going on in this development, including a new commercial area, shops and a medical centre.  The concept supports the live-work-play mantra and they have done an excellent job with planning out the subdivisions.

There are schools nearby, and with the current growth in this area I am sure more will be built.

This area is suited to investors looking for a house and land package, family rental investment, and long term capital gains.

 

If you have any queries about property investment in these suburbs or other areas in Tauranga then give Chris Jenkins a call.  Chris can offer property investment advice and owns Connect Realty property management services. Contact Chris today

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