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Rachel Kann: How to Present Your Property to Attract the Best Tenant!

Thursday 29 January 2015, 2:23PM

By Media PA

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AS EXPERIENCED investors know, part of the journey for investing in rental property is finding quality tenants to look after your property investment.

 

For this reason, seasoned property investors utilise the services of expert property management companies such as Auckland-based IQ Property Management, founded by Rachel Kann.

 

Landlords often come to Auckland’s IQ Property Management having had a bad experience managing property themselves, or are just unable to attract the right tenants. With 10 years’ experience, Rachel Kann is able to assist owners with insightful information on how to maximise their return on investment. She is able to help present the property in a way to appeal to long-term tenants.  Rachel is a firm believer that: “If you present your property nicely, it attracts quality tenants with ease”.

 

Subsequently, poor presentation usually means it takes longer to rent.  It also puts tenants in a position to negotiate the rent down and will be likely to attract the wrong tenants or good tenants who don’t enjoy living there. This, in turn, increases ‘occupancy turnover’ plus ‘vacancy time’ and reduces your return on investment.

 

Rachel Kann notes that the best way to attract excellent tenants is to: “Make your property appeal as a home”.  She also says: “If, as landlord, you have the attitude your tenants should put up with a poorly maintained property, you will be more likely to attract tenants with low standards or good tenants unable to find a quality property who end up not caring too much”.

 

While making your rental investment appealing might require a bit of upfront expenditure, the long-term gains will be demonstrated when it rents quickly for the highest market rent. You are more likely to attract great tenants who look after the place and treat it as their long-term home.  

 

Long term, well-maintained properties generally have lower costs as you will have less call-out fees to deal with ongoing repairs.

 

Rachel believes that property owners need to: “Realise the fact that it will be someone’s home and make improvements so your ‘dream tenant’ would want to live in it. This is smart investing.”

 

Ask yourself these questions:

 

1)      Would you live in the property?

2)      Could you go and live there happily, long-term if you needed to?

3)      When you walk through the gate/front door, does it feel like a rental property or a home?

4)      If you lived in the property, what basic things would you do to make it a home?

5)      Does it have some comforts that add rent appeal?

 

Check off these points if you need to clarify:

 

1)      Is it dry and insulated?

2)      Does it have a heat pump or HRV system?

3)      Is there an alarm for security?

4)      Is there adequate storage, particularly in the kitchen?

5)      Is it clean?

6)      Is it well maintained?

7)      Does it need a re-paint and new curtains?

8)      Are the carpets in reasonable condition?

9)      Are the gardens tidy and easy to maintain?

10)  Is it fully fenced (if you want to attract a family)?

Rachel Kann says at all times: "You want your tenants to be proud of your property so they treat it as if it is their own”.

Contact: Rachel Kann

Phone: 021 735 266

Email: Rachel@iqproperty.co.nz

Website: www.iqproperty.co.nz

Facebook: IQ Property Management Limited

Physical Address: Suite 106, 23 Edwin Street, Mt Eden, Auckland.

Postal Address: PO Box 26-120, Epsom, Auckland, 1344

 

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