Building WOF For Aucklands Property Managers Seminar

Building WOF For Aucklands Property Managers Seminar
Over 80 of Aucklands leading property managers attended Maintain To Profits seminar to hear Mark Trafford and Andrew King from NZPIF and APIA speak about the governments proposed Building Warrant Of Fitness Scheme. Here is some of the feedback form the attendees. Very informative great speakers Fantastic job , Andrew was a great speaker Great to network with my industry colleagues – thanks so much! Great food – good speakers who were industry experts – well done to MTP Well done MTP and Andrew – whens the next seminar please...

Safe As Houses

Safe As Houses
Security and Safety is as important to tenants as it is to you in your own home.  While the initial costs and ongoing maintenance of a full-blown burglar alarm system won’t make it a suitable option for all rental properties, there are many easy steps you can take to provide a safe and secure home for your tenants. Outdoor sensor lights, safety catches on windows, door locks, safety stickers on glass, smoke alarms, handrails and chimney sweeps don’t cost a lot to do but will improve everyday life.  Tenants will rent properties they feel safe in and will probably pay a little bit more as well as stay longer. LATCH ON TO THE BASICS. Many aspects of security and safety are common sense, says Mark Trafford, of Maintain To Profit.  But unfortunately he often sees landlords overlooking the basics like fixing window latches and door locks, especially in older houses. “It’s one of the biggest frustrations for tenants when landlords don’t fix door locks or window locks, tenants will even leave because of it.” Trafford says. “It’s about imagining that you and your family were living in the property, so if you do it in your own home then do it in your rentals.” For the property’s own health, it is especially important to make sure bathroom and laundry windows can be left opened safely for ventilation purposes. “Tenants don’t always open windows, so it’s important to having security stays.” Locks on garage doors are another important aspect for tenants as often they will be storing valuable equipment or sports gear in there. When installing a new door lock, opt...

Renovation Roadtrip Seminar

Renovation Roadtrip Seminar
20 Budding renovators attended this inaugural Renovation Roadtrip seminar which was jointly hosted by Maintain To Profit – Property Apprentice and Harbour City Plans which was a full day on the real nuts and bolts of renovating residential property. The day concluded with site visits to renovation projects across Auckland in various stages which the attendees commented gave them “real life” experience of whats involved. Here is some feedback form the day Eyes wide open as to what to expect now – thanks guys for an informative event Visiting the sites was a real eye opener for me – more work than I had realised in renovating Full day of great content and knowledgable speakers – well done – wll recomend to my friends More value than it cost ten fold thanks team...

Opportunity knocks between tenants

Opportunity knocks between tenants
A Spruce-Up between tenants is an opportunity to improve the performance of a rental property.  A nicer place will attract more tenants for you to choose from and achieve a higher rent. You want your property to be in great shape to attract good tenants prepared to pay a premium rent and to look after it.  Aside from obvious maintenance like fixing broken locks, handles and light fittings, there are many simple jobs you can do to rejuvenate your property in a short amount of time. From new carpets, paint, benchtops or curtains to creating a small outdoor area to installing insulation, upgrades will be noticed and welcomed by prospective tenants.  A spruce-up is generally superficial work that is easy and quick to do and doesn’t require any structural or building changes. Mark Trafford, of Maintain To Profit, works with landlords on all manners of renovation, maintenance and decoration.  He says it is about being better than the competition. A well-planned and executed spruce-up that is project managed can be done in a couple of days. “The ultimate goal is for a prospective tenant to really like it from the outside then to walk in and think ‘I really want to live here’ and then when they move in to treat it as their own,” Trafford says. A common mistake with landlords is not being prepared for vacancies and not planning or budgeting for necessary work.  Not only will this unexpectedly sting your wallet but will likely cause a longer period of vacancy while you organise everything. Downtime = lost rent. Ideally you should inspect the property before the tenants...

The 6 Biggest Maintenance Mistakes

The 6 Biggest Maintenance Mistakes
1. CHIMNEY NOT SWEPT ANNUALLY Potential Cost: Tens or Hundreds of Thousands. Many people, both homeowners and landlords, don’t realise that they are required to get their chimney swept each year to keep their insurance policy current! In many cases, if there was a fire, and they can’t prove that the chimney has been swept regularly, the insurance company may be able to avoid the claim! 2. ROOF NOT WASHED ANNUALLY Potential Cost: Thousands for a new roof. A new roof for most residential properties is over $10,000 and can be much, much more depending on the size of your house. Without a regular wash and moss protection, the life expectancy of your roof could be halved, requiring a total replacement after as little as 10 years! 3. HOUSE NOT WASHED ANNUALLY Potential Cost: Thousands for an exterior repaint. A simple wash every year can double the life of your paint, saving you thousands of dollars over a 10 year period. (The average house costs around $10k to repaint externally). 4. GUTTERS NOT CLEANED ANNUALLY Potential Cost: Thousands, if gutters clog and water backflows into the house. Water backflowing into your house can create major problems, and you wont know its happening until it has been happening for some time. When there are drips from the ceiling and water running down the wall, you have a major problem. Wall and ceiling linings may need to be replaced, framing timber dried out or replaced, and the effected area replastered and painted. All because the gutters weren’t cleaned regularly! 5. PROPERTY NOT SECURE Potential Cost: Thousands. If your property is not secure and you have a break in, it is likely to cost you hundreds in a best case (if you are...