Over the years we have made the decision to push our Property Management as a source of income. It has meant we have had to invest in resources both human and physical at some cost. Over the years we have grown to be the largest dedicated team in North Canterbury with 9 people in our team. They work extremely hard and do a great job for our landlords and tenants a like. We know what we are doing, we know what works.
Currently, after five years of good trading we are seeing a shortage of tenants and a few properties not renting quickly. This hasn’t happened for some time and people start to get nervous and questioning our experience asking why their houses haven’t rented. We know why and will work extremely hard to get properties filled but when there is more supply than demand not all properties are going to be rented within a week. Landlords need to understand rents post-earthquake no longer exist and prices may need to drop to attract the right tenant. Landlords need to understand presentation of a property will make it more attractive and to spend some money tidying a house up might just make all the difference and landlords need to understand that spending money on marketing your property will make it stick out in today’s market and just might get you that tenant.
What is unusual at present is the number of stories of rental shortages around the country. Yet if you were to go on trademe today you will find around 100 properties for rent currently in North Canterbury and Hurunui, around three times more than normal over the past few years. In my opinion those properties presented well, marketed well and with a realistic rental price will always rent in any market and what we are seeing today is landlords not responding to the market and simply not doing what is required to get a tenant. This market may be here for some time so if you have a property you can’t seem to rent give one of our award winning property management team a call – they will welcome the call.