1 January 2019 Newsletter. - 1st Jan 2019

1 January 2019 Newsletter.

 
Occupancy rate 100%
Arrears 1.08% for December 2018
 
Welcome to 2019!! Our staff is back after enjoying a break over the Christmas New Year period ready to continue providing excellent service to our valued clients. I hope Santa has been good to you all and has delivered on many stress-free options for you to spend your leisure time. The end of last year saw us working through to the 24th as we continued to take on new management, complete property inspections and work through maintenance issues prior to the break. Our notified Letting Fee changes came in to force on the 01/01/19. 
 
Chris Varcoe Manager at Haven Property Management.
 
Rental Market
 
Many commentaries over the past 4 weeks have focused on the cost to tenants to cover off the letting fee charged, effectively increasing the rents on properties. We see no difference in Nelson with rents looking to be adjusted to counter the letting fee. The secret being that the longer the tenants remain in place the better off Landlords will be as there will be no letting fee charged and rents will increase. The average length of a tenancy with Haven Property Management is 3.3 years and see this increasing.
There is still a lack of quality rental properties in the Nelson Tasman region.
 
Property rental listings in the Nelson Tasman region have slowly increased prior to Christmas as we traditionally experience, with many properties advertised for short-term tenancies throughout summer. At the end of December, there were 80 rentals available: 22 three bedroom properties, 24 two bedroom properties, 17 one bedroom and only 14 four bedroom properties available.
 
The median rent received in Nelson/Tasman for the month ending November 2018 was $409.58 an increase of $1.92 per week from October. The average rental in Nelson Tasman has increased by 5.45% in the past 12 months. (NZ Property Investor)
Our occupancy levels are 100% for the month of December.
 
The market is finally starting to see the return of the investor. Interest in quality dwellings is on the rise as many banks have relaxed their Loan To Value Ratios (LTV)come down to 20% from 40%. Current gross yields can be as high as 5.5% for the right property purchase with investors looking at the long-term gains in a buoyant economy and rising rents forecasted to continue.
 
Meet the Team

Kendall Robinson - Property Manager

Kendall is about to celebrate her first year’s anniversary with Haven. She brings an infectious, high energy to the office and enjoys building relationships with Owners and Tenants alike. Having owned property Kendall has a feel for prioritizing maintenance and working with Owners for the best outcomes. Kendall has a genuine interest in building and construction and has renovated homes previously. Kendall has experience working on two $5m Shopping Centre redevelopments while living in Australia and excelled in the role of Project Coordinator. Kendall also has experience asPT instructor and can be found at the gym most mornings.
 
Rental Disbursement
 
The next rental disbursement will be on Tuesday 15th of January for mid-month payments and Friday 1st February 2019 for the end of the month payment and statement.
 
From the team at Haven Property Management.
 
"More than just collecting the rent."
 
 

 

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