Approximately 72% of New Zealand’s rental properties are being self-managed by the owners. Only 28% of rental properties are professionally managed. This is largely due to the fact that property management as a profession is still evolving, and that New Zealanders generally have a ‘hands on, do it yourself’ mentality. We at Quinovic Property Management can assure that your property is professionally managed with a hands on approach and guarantee you are kept up to date at all times with your property.
It is interesting to note that privately managed properties often take much lower bonds, do not use formal application forms and are rarely subject to credit checks. Mostly privately managed properties are let on the face value of a tenant. Another major difference between professionally managed and privately managed properties is that often the rent yield is not achieved as rents are below the market and are not reviewed on regular basis.
A privately managed property is typically not marketed as thoroughly as properties listed with Quinovic Property Management, which means that the pool of tenants to choose from is much smaller and the rent achieved typically lower.
April Vaudrey, Quinovic Takapuna’s Business Manager says: “We manage a large portfolio of rental properties and therefore have a steady stream of prospective tenants coming through our door daily to find suitable properties to rent. As well, we keep contacts of prospective tenants who are on the hunt over the next few months for new rental properties to move to. Having your property listed with us ensures that steady streams of prospective tenants are looking at your property when it comes available for rent.”
We are selecting tenants on a daily basis and therefore have great experience with the process. We at Quinovic Takapuna know the current market rates, have access to tenant check data bases and be up to date with all current legislation.
The majority of privately let properties return well below market rents. Additionally, a professionally managed property will typically have a regular rent review and rent increase; were we at Quinovic Takapuna complete six-monthly rent reviews to assure that rents are at market level. This is not generally the case with privately managed properties as most owners simply don’t feel comfortable increasing rent with their tenant; we know it is simply a part of our role.
To make your investment more rewarding – personally and financially – leave it with us. Our 30 years’ experience means we have unique insite into the industry plus care and return systems that are second to none.
Contact us at Quinovic Takapuna today!
Contact April Vaudrey at Quinovic, Phone: 449 2004 or 021 844 531, Email: firstname.lastname@example.org, Office: 166 Hurstmere Road, Takapuna.