Setting the rent
Our goal is to help you capitalise on your investment and ensure you receive the highest possible market rent .
We look at many important factors when advising our landlords on a suitable rental figure , including :
• The number of similar properties currently available and how this will affect demand
• The advertised prices of comparable properties and how long these have remained available
• Current rental demand and external factors that may affect demand during the advertising process
• Statistical data such as rental statistics , released through the Ministry of Business , Innovation and Employment .
Rent reviews should ideally be conducted every 12 months or so to ensure rent is kept at market levels . Landlords are notified of our advice in respect of any rent review before adjustments are made . The choice to update an existing rental figure is ultimately at the discretion of the landlord .
If a rent increase to market level is agreed upon , tenants must be provided with no less than 60 days ’ written notice . Any rent increase during a tenancy can occur , at most , once every 12 months , and an increase cannot occur within 12 months of the tenancy start date , or within 12 months of the last increase .
Marketing your property
We put a strong focus on securing the highest quality tenants for our landlords through the use of proven marketing techniques and rigorous tenant selection procedures . This includes promoting your property through the following marketing channels :
Internet
Advertising your property online allows us to reach potential tenants on a 24 / 7 basis . Furthermore , if a current tenant gives notice to vacate we are able to display your property online almost immediately , maximising exposure to the market and minimising vacancy periods for our landlords .
Your rental property is advertised on the following sites :
• Trademe . co . nz
• Realestate . co . nz
• Raywhite . com
• Raywhite . co . nz ( and local office website ).
We can simultaneously load your property listing onto a minimum of four different online portals . In some cases ( such as TradeMe ), the property is advertised online within minutes of being loaded into our advertising platform . This gives us a distinct timing advantage because with some businesses this process often takes anywhere from 12-24 hours .
12