1 July 2018 Newsletter. - 1st Jul 2018

1 July 2018 Newsletter.


Occupancy rate 97.94%
Arrears 0.52% for June 2018

 
In this issue we will highlight the proactive stance our Property Managers take in ensuring your asset is kept to the high standards we expect. Once a great tenant has been identified and signed up, we embark on a process to document and photograph the condition of the property which forms the basis of a trust and understanding relationship with the tenant and depicts the starting standard. Classified as a Commencement Inspection Report your property manager goes through the property, identifying each room, the features in each room, the condition of each feature backed up with photographs.
 
This process ensures that the tenant has an understanding of the requirement to keep the property maintained as it forms the backbone of the Exit Inspection. The report generally takes 2 – 3 hours to complete. We see this as a valuable investment of time as it ensures the tenant can be held accountable for issues outside of regular wear and tear when vacating. Properties are then inspected every 13 weeks to ensure the levels of cleanliness are maintained, any maintenance issues identified and mid to long-term maintenance identified. The proof is that when our tenants do depart 98% of the bonds lodged are refunded without issues and properties can be re-let quickly and the process starts again.
 
“What does it take to be a compliant Landlord in 2018” – a free Property Investors Seminar

Haven Property Management in conjunction with Real IQ is hosting a free seminar on the 31st July 2018 at Trailways Hotel in Nelson. Our panel of experts includes Alex Davidson (Tax Specialist) Tom Pyatt (Mortgage and Insurance Specialist), Neil Allen (Legal Specialist), Ross Alvey (Accountant Specialist) and guest speaker David Faulkner of Real IQ. Find out what is new and relevant in the industry and what it means for you. To RSVP by email click the above image.
 
Rental Market
 
Winter is upon us and we have been fortunate as a region to have experienced low rainfall thus far. Again June has been a very active month for letting properties and quality properties are in short supply. The number of prospective tenants has dropped off, however our high standards and quality vetting are still identifying great tenants.  Our occupancy levels are 97.94%. With the new subdivisions in Nelson Tasman being built on we are seeing a lot of new properties becoming available for rent. One building company spoken to stated that 5 out of 6 properties built are for investors so the market supply is increasing significantly.
The median rent for the Nelson region across all rental dwellings in May 2018 was $398.16 (New Zealand Property Investor June 2018) an increase of $5.49 per week on April 2018 and a 5.60% increase in the previous 12 months.

Rental Disbursement
 
The next rental disbursement will be on Friday 16th of July for mid-month and Wednesday 1st August 2018 for the end of the month.
 
From the team at Haven Property Management.
 
"More than just collecting the rent."
 
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