A vision statement is an aspiration that a company would like to achieve in the mid or long term. At T And T Property Management, our vision statement is ‘to be the go to property management team in Invercargill.’

We take pride in what we do. Helping owners achieve their investment goals and tenants to find suitable housing. Our vision statement will be the end result.

At T And T Property Management our mission statement and main purpose is to ‘help you achieve your investment goals.’ This is our aim and why our company exists. Our mission statement is our overall goal when assisting our clients.

T And T Property Property Management’s core purpose is always front of mind and what we aim to achieve at all times. By instilling our company values our purpose is who we aim to be as a company and what we aim to achieve.

‘Providing exceptional service and top quality property management.’

At T And T Property Management we take pride in what we do and why we do it. There are five values that we incorporate into everyday business and help assist us in striving to be better than the day before.

Exceeding Expectations- always being honest, reliable and providing a top level of communication.

Innovative- thinking outside the box, fresh ideas, always ready for a challenge to provide excellence.

Knowledgeable- always understanding what we do and why.

Positivity- loving what we do and having fun.

Everyday Better- striving to be better than yesterday.

For both tenants and owners, there are a number of online resources available to answer any of your rental questions.

Tenancy Services- www.tenancy.govt.nz is the number one online resource for both owners and tenants in New Zealand. Most questions have been covered on their website regarding tenancies through to disputes. You can also find any forms required such as bond forms or template tenancy agreements. If you cannot find the answer to your question on their website they are also available via phone or email.

Landlords for Kiwi Property Investors- landlords.co.nz covers all things relating to real estate and property management in New Zealand. It is a good online resource for owners, to get information on law changes, insurance or market updates.

Consumer NZ- when searching tenancy on consumer.org.nz they have a number of articles around tenancy rights when renting, landlord expectations and regulations etc. This website could be helpful for both owners and tenants.

If for any reason, none of the above resources are helpful feel free to give us a call and we will do our best to answer any questions you may have!

The who, what, when and why’s of Property Management.

Who can be a Property Manager?

Although, there are no specific qualifications required to become a property manager there are some useful ones. These include a certificate in real estate, certificate in residential property management or a bachelors in property. Skills are more important in a property management role to ensure you can communicate with all types of people. Some important skills include honesty, reliability, good listening and writing skills, being able to mediate and negotiate, good organisation and good judgment.

What is a Property Manager/ Property Management?

A property manager is someone that is hired to oversee the day-to-day management of investment properties. Responsibilities include organizing repairs and maintenance, ensuring rent is paid on time, all communication with tenants and routine inspections just to name a few. Property managers act on behalf of the owner to preserve the value of the property while generating income.

When and why is Property Management needed?

Property Management is used when owners are unable to put the time and effort needed into their investment properties. Managing rental properties can be a very time consuming task and some owners have larger portfolios which require more time and attention. Others may be leaving town or the country and cannot simply manage their property(s) themselves.

Investing in property is a great way to generate a return and has two types of potential returns. The first being from rent paid by tenants and the second is the property increasing in value, called capital gain. Rentals can provide regular income while maximizing capital through leverage. Rent should rise over time whilst debt decreases.

First things first, get a pre-purchase rental assessment done before investing. For a small fee you can get the opinion of an expert who will point out the strengths and weaknesses of your investment. This will determine if the property you want to purchase will do well in the rental market and why.

The thought has probably crossed your mind to self manage. Cash flow properties can be hard to come by nowadays so saving money on management probably seems reasonable. However, property managers can be an essential part of helping you generate return. They can educate you on ways to improve the property in order to achieve more rent or problems to steer clear of. Property management is a tax-deductible expense therefore, you could save on income tax by hiring a property manager all while utilizing their expert knowledge in order to generate more return. Property management is a great way to enjoy the benefits of owning a rental without the stress and worry.

Purchasing your first or even your fourth investment property may seem like a great idea. However, always ensure you have done your research and had experts look into it for you before committing. Rentals can be costly but they can also be a great source of return.