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What are the Benefits of Using a Property Management Company?

Tiri Raumati-Greenhalgh • April 8, 2024

What are the Benefits of Using a Property Management Company?

Whether you're a seasoned property investor or a first-time landlord, managing your rental portfolio and navigating the topsy-turvy New Zealand rental market can be exhausting. Rather than doing it all yourself, hiring an experienced property management team to oversee your investment can offer many benefits.

In this guide, we'll explore the benefits of using a property management company and how you can find the right property managers for your rental investments.

The Advantages of Property Management

Maximising Rental Income

Property managers have the experience and expertise to maximise your rental income. At Charlton Property Management, we understand the nuances of the Auckland rental market. We set rental prices that attract tenants while ensuring you receive the best possible return on your investment. We closely monitor market trends, adjusting strategies to reflect current demands and ensuring your property remains competitive and profitable.

Effective Marketing and Tenant Screening

Finding the right tenant is crucial. A good property management company excels not only in marketing your property effectively but also in conducting thorough tenant screening. This process is vital to securing reliable tenants who will care for your property and meet their rental obligations.

Property managers utilise various marketing tools and platforms, targeting the right audience to reduce vacancy periods. Couple this with a rigorous screening process, including background checks and previous rental history reviews, and you can rest easy knowing your property is in responsible hands.

Maintenance and Legal Compliance

Managing a rental property involves ongoing maintenance and staying abreast of legal requirements. Property management companies ensure that your property remains in top condition, addressing maintenance issues promptly to keep tenants happy and preserve the value of your asset.

New Zealand's rental laws can be complex and often change, which can be hard to keep track of yourself. Property managers stay updated on all legal changes, ensuring your property complies with current regulations and reducing your risk of legal complications.

Stress Reduction for Owners

Managing a rental property can be time-consuming and often stressful, involving late-night calls, emergency repairs, and challenging tenant interactions. By entrusting your rental investment to property managers you can trust, like Charlton, you can enjoy peace of mind knowing that experienced professionals are handling all aspects of your rental property, freeing you to focus on other important aspects of your life or business.

Choosing the Right Property Management Company

Understanding Local Market Knowledge

Choosing a property management company with deep insights into the local market is essential. A company well-versed in the specific trends and nuances of the region and New Zealand rental market can provide tailored advice and strategies, ensuring your property stands out in the market. At Charlton Property Management, our local expertise is one of our greatest strengths, helping us navigate market fluctuations and tenant preferences with ease.

Assessing Services Offered

The range of services a property management company offers is a crucial factor to consider. Look for a company that provides a comprehensive suite of services, including but not limited to tenant screening, property maintenance, rent collection, and financial reporting.

A good property management company will also handle lease negotiations, renewals, and tenant issues. At Charlton Property Management, we offer these services and more, ensuring that every aspect of your rental property is professionally managed, from the day-to-day operations to the long-term strategic planning.

Evaluating Reputation and Experience

The reputation and experience of a property management company are vital indicators of its ability to effectively manage your property. It's wise to research and read reviews from other property owners to understand their experiences. Look for a company with a track record of success and a strong reputation in the industry.

Clear and Consistent Communication

It may sound cliche, but communication is key when dealing with property managers. The ideal property management company should be responsive, transparent, and proactive in communicating with property owners and tenants. This communication includes regular updates on your property's status, quick responses to your queries, and efficient resolution of any issues that may arise. At Charlton Property Management, we prioritise clear and consistent communication, ensuring you are always informed and involved in critical decisions about your property.

Get the Most out of Your Property Investment with Charlton

As you can see, the benefits of using a property management company speak for themselves. Getting the most out of your rental investment is a full-time job that many simply don't have time for, which is where property managers can step in and help your investment flourish.

If you need help with your rental investment, Charlton offers residential and commercial property management services. We'll ensure your investment is not just well-managed but thrives in the competitive rental landscape. Let us take the hassle out of property management so you can enjoy the rewards of your investment with peace of mind.

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Epsom Rental Market Update: What’s Happening with Three-Bedroom Townhouses?

By Tiri Raumati-Greenhalgh • February 14, 2025

Market Trends & Demand In Kohi-tātea (January), there were 135,000 searches by potential tenants looking for properties in Epsom. While this is still a strong level of interest, it represents a 5% decrease compared to the same time last year. During this period, five new listings entered the market. The median expected rent price for a three-bedroom townhouse in Epsom is currently $905 per week, reflecting a 1% increase compared to last year. However, one of the most significant shifts is the median days on site, which has skyrocketed to 102 days, a 538% increase from the same period last year. This suggests that properties are taking significantly longer to rent out. Who’s Renting in Epsom? Epsom attracts a mix of young professionals and families. Recent data shows: 37.3% of renters in this area are under 30 years old. 25.4% are aged between 30 and 39. These demographics indicate a steady demand from working professionals and families looking for quality homes in a prime location. How the Unitary Plan is Shaping Epsom’s Rental Market With Auckland’s Unitary Plan pushing for higher-density developments, Epsom has seen an increase in townhouse availability over the past year. This growth in rental stock may be contributing to the longer time on the market for some properties. However, this intensification also benefits renters, providing modern, high-quality housing options in one of Auckland’s most desirable suburbs.

Pet-Friendly Rental Reforms: What Tenants and Landlords Need to Know

By Tiri Raumati-Greenhalgh • February 10, 2025

For many renters in New Zealand, finding a pet-friendly home has been a long-standing challenge. With landlords hesitant to accept tenants with pets due to concerns about property damage, many pet owners have struggled to secure suitable accommodation. However, recent proposed amendments to the Residential Tenancies Act aim to balance the rights of tenants and landlords while ensuring more Kiwis can keep their beloved pets. What Are the Proposed Changes? The government has outlined several key reforms designed to make renting with pets easier while addressing landlords' concerns. These proposed changes include: 1. Pet Bonds Under the new rules, landlords will be able to request a pet bond of up to two weeks' rent in addition to the standard bond. This additional financial security is intended to cover any pet-related damages beyond normal wear and tear. 2. Tenant Liability for Pet Damage Tenants will be fully responsible for any damage caused by their pets . While this has always been a concern for landlords, the new changes clarify that tenants must cover all repairs for any pet-related damage, rather than relying on standard bond payments alone. 3. Landlord Consent for Pets Currently, many landlords impose a blanket "no pets" policy. The reforms propose that landlords cannot unreasonably refuse a tenant's request to have a pet . Instead, landlords must provide a valid reason if they deny permission. Acceptable grounds for refusal may include: Property size and suitability – For example, a large dog may not be appropriate in a small apartment. Lack of fencing or secure outdoor space – If a property cannot safely accommodate a pet, landlords may refuse. Allergy concerns in multi-unit dwellings – If other tenants have allergies, landlords may deny requests based on health concerns. 4. Encouraging More Pet-Friendly Rentals With these changes, New Zealand aims to create a more pet-friendly rental market. The goal is to encourage landlords to reconsider their stance on pets , knowing that they have greater financial security through pet bonds and clearly defined tenant responsibilities.

Mount Eden Rental Market Update

By Tiri Raumati-Greenhalgh • February 4, 2025

Mount Eden continues to be one of Auckland’s most desirable suburbs for renters, offering a blend of convenience, community, and charm . Whether you're a landlord looking to understand the market trends or a tenant searching for the perfect home, here’s what’s happening in the rental market for 3-bedroom homes in Mount Eden this fortnight.

Back to Work Mode: Resetting for Landlords and Tenants After the Summer School Holidays

By Tiri Raumati-Greenhalgh • January 15, 2025

With the summer school holidays coming to an end, it’s time for many families to return to a normal routine. This period also marks a busy time in the rental market, with plenty of tenant movement and landlords preparing their properties for the New Year rush. Whether you’re a landlord ensuring your investment property is ready for new tenants or a tenant settling back into a routine, now is the perfect time to take stock and get organised for the months ahead. Landlords: Gearing Up for the New Year Summer is peak season in the property management world, with increased demand for rentals and higher turnover. Here’s how landlords can stay on top of things: Prepare for Tenant Turnover : Summer often brings tenant changes as families settle before the school term. Make sure your property is in top shape to attract quality tenants quickly. This includes thorough cleaning, minor repairs, and ensuring all appliances are in working order. Inspect and Maintain : With the hotter weather, now is a good time to inspect air conditioning systems, check for water leaks, and ensure that outdoor areas such as decks and patios are in good condition. Regular maintenance can prevent costly repairs down the line and keep your property appealing. Stay Competitive : Review rental prices in your area to ensure you’re offering a fair and attractive rate. Properties priced correctly are more likely to rent quickly, reducing vacancy periods. Consider any recent upgrades or amenities that might justify a higher rent.

New Changes to Encourage More Rental Homes: What This Means for You

By Tiri Raumati-Greenhalgh • December 17, 2024

Great news for renters and landlords alike! The government has recently passed new laws aimed at encouraging the development of more rental homes. These changes are designed to make renting better for tenants while supporting landlords to provide high-quality rental properties. Here’s what you need to know: What’s Changing? The new rules are focused on two key areas: Encouraging New Rentals The government is introducing policies to make it easier for landlords and investors to build more rental homes. This could mean: Reduced red tape for building new rental properties. Incentives for landlords to create long-term rental options. 2. Fairer Rules for Everyone The laws also aim to create a balanced environment for both tenants and landlords. This includes: Updates to tenancy agreements to provide clearer expectations. Stronger protections for tenants while ensuring landlords can manage their properties effectively. How Will This Impact Tenants? If you’re a tenant, these changes are good news! More rental properties in the market mean: More choices when looking for a home. Potentially lower rent as the competition among properties increases. Clearer and more secure tenancy agreements.

Navigating the Auckland Rental Market During the Busy Summer Months

By Tiri Raumati-Greenhalgh • December 11, 2024

The Auckland rental market traditionally experiences a surge in activity during January and early February, making it the busiest time of the year for tenancy movements. With tenants gearing up for the year ahead, this period brings unique opportunities and challenges for both renters and property owners. Here’s what to expect and how to navigate the rental landscape during this bustling season. Why is Summer So Busy? Several factors contribute to the heightened activity in the rental market during this time: School Zones and Education Planning Families often prioritise school zones when deciding where to live. January is the ideal time for parents to secure rental properties close to desirable schools before the academic year begins. Auckland’s high-demand zones, such as those near Auckland Grammar or Epsom Girls' Grammar School, see increased competition as families seek to position their children for educational success. Job Changes and Relocations The new year often brings new job opportunities. Many tenants relocate closer to their workplaces to reduce commute times and improve work-life balance. Auckland’s bustling job hubs, such as the CBD, Albany, and Manukau, see increased demand for rental properties during this period. Summer Weather and Lifestyle Choices The warm summer months inspire tenants to reassess their living situations. Whether it’s upgrading to a home with outdoor spaces or moving closer to Auckland’s beaches, the season encourages change. The improved weather also makes moving house a more appealing prospect. Market Turnover and Property Availability With so many tenants moving, landlords often list properties during this time, increasing availability. This higher turnover benefits tenants, offering a wider range of properties to choose from, but also increases competition for the most desirable homes.

Pair of shoes on a rug with text home sweet home signifying tenant retention

Free Rental Appraisal?

0800 700 806

tiri@charlton.co.nz

Level 1, 31-33 Great South Road Epsom

Greenlane, 1050