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Our Property Manager, Kathryn, was elected to the Canterbury Property Investors Association (CPIA) at their AGM today. This will be invaluable in gaining knowledge and providing support to others in the rental property market.
Michelle was awarded a Certificate of Appreciation from the New Zealand Property Investors Federation at the annual Canterbury Property Investors Association (CPIA) Christmas Function. The award recognised 3 years service Michelle provided the CPIA in the role of secretary.
Michelle was re-elected Executive Committee Secretary for the Canterbury Property Investors' Association (CPIA) at their AGM today. This is Michelle's third year as Secretary and she finds it an excellent way to keep up to date with the latest initiatives in property management and property investment.
Welcome
to the new Accommodate website. Our focus is to provide the best
service to our clients and this 'new improved' site provides even more
benefits and services to landlords and tenants.
The new client login section gives our landlords access to relevant financial and property
information. Their individual login allows them to retreive information
about their investments, including their monthly and yearly reports, in
one easy to access location. Additionally a page is dedicated to each
of their properties with current rental rate, tenancy term, description
and photos, so they are always up to date with their property status.
We have set up a demo version of this facility and encourage any prospective landlords to
explore it and compare it with services provided by other property
managers.
We have also made it easier for tenants to rent
from us by dedicating a page to each available property including a
full description, photos and a print friendly list. Prospective tenants
can keep up to date with new listings by subscribing to the for rent list, an email is sent to all subscribers as soon as a new property is posted. As always our tenant application form can be downloaded from the site to speed up the application process.
We are always looking for new ways to enhance our services and the new
look site and additional functions compliment our existing services.
Take a look around the site and contact us if you have any questions or feedback.
The office will be closed over the Christmas and New Year holiday period, closing at 2pm on Friday 23 December and reopening at 9am on Wednesday 4 January 2006. Merry Christmas and happy New Year to our landlords, tenants and suppliers.
Because we have a reputation for building long standing relationships
with landlords (and tenants) we don't tend to have to advertise for
clients. Most of our clients are referrals and repeat business and this
has always been our aim. We know that maintaining and enhancing your
property wealth means you'll remain our client and recommend us to your
landlord friends.
Often though we're approached after a client has purchased a
property or in the middle of a tenancy disaster. If you're considering
buying property and want an independent opinion on the market rent or
help regarding an awkward tenant, give us a ring and ask for Michelle. Often our early intervention can mitigate problems before they escalate or costly decisions are made.
Michelle was re-elected as the Secretary of the CPIA this evening at the association's 2005 AGM. It doesn't surprise us at all, congratulations Michelle!
We have recently had a number of enquiries from tenants expecting to
pay us a Letting Fee. Because we are NOT real estate agents and we want
to manage your property for the long term, we DON'T change a letting
fee.
This means we typically gain tenants before real estate agents
because from a tenant’s perspective, we offer a better overall service
at a lower entrance cost. Frankly we prefer the Letting Fee goes
towards the Bond because this insulates Landlords (and us) from a non
performing tenant, rather than these monies going straight into our
pocket that could potentially encourage us to turn over the number of
tenants at your property.
To find out more about our service and our fees contact Michelle.
With winter fast approaching there are a couple of low cost maintenance
items that should be completed to limit any potential damage to
properties during the colder months. Firstly it's a good idea to clean
all gutters and down pipes at the end of Autumn, just after all the
leaves have fallen. This prevents gutters overflowing and ground
surface water from pooling around exterior walls. This is especially
important for properties with hidden gutters as the water can overflow
on the inside of the external wall, causing damage to the interior of
the house. Also all open fires and log burners should have their
chimneys cleaned. This will limit any potential fire hazards in flues
and chimneys.
We offer to arrange both of these preventative maintenance
items for our clients to help keep their investment in top condition.
We don't charge extra for this service, it's one of the many items
included in our all inclusive property management fee.
We're searching for a new team member to help with increasing demand from landlord and tenant enquiry.
Ideally the person we are looking for would have a knowledge of the
Residential Tenancies Act, be computer literate and available to work
flexi hours including the weekends. The position would suit someone who
wants the interest and stimulation of a part time job with the
flexibility of arranging their own hours of work. The applicant must
have access to their own vehicle, a mobile phone and training will be
provided. If you're interested, please following the instructions given
in the advert published in The Press Situations Vacant today.
On
page 8 of 'The Canterbury Property Investor' magazine February/March
2005 Issue No. 174 our client, Emily Wilton, has written a very
complimentary 'Letter to the Editor' about her experiences with our
company. We've reproduced the article in full below:
"Property Managers
Everyone has heard at least one nightmare story about property
management. I had heard so much it wasn't funny. Despite this, I
decided earlier in the year that getting a property manager was the
best option for my situation. I phoned the CPIA [Canterbury Property
Investors Association] office for [a] list of property managers within
the CPIA and for some advice on how to go about it. I spoke at length
with five property managers, visited their web sites, obtained cost
information and selected my preferred property manager.
The company that I selected to manage the properties had
excellent marketing skills and managed to hit the mark with a comment
along the lines that they "look after your investment like it's their
own". Initially I did wonder if this was just a marketing ploy to get
you in the door, but after speaking with them I was convinced that they
had the integrity and would genuinely look after the property well.
This is a positive property management story, and I'm sharing
it for those of you like me, wanted to get a property manager but were
worried about the quality of service. The property manager that I chose
is managing my properties much better than I ever would. I am
repeatedly impressed with their professionalism and would thoroughly
recommend them to anyone looking for a property manager. They charge a
flat rate and do not charge extra for inspections or tenant selection.
I am very happy with my decision to appoint a property manager and even
happier with the manager chosen.
Yours faithfully
EMILY WILTON"
Thanks for your support Emily...from the team at accommodate.
Michelle
was asked by The Press for her opinion on the current rental market
which made the front page of this mornings newspaper.
She was quoted at length, and although not exactly as she
remembers the interview, she confirms that rentals have gone up
significantly in the last few years which has been great for Landlords.
She expects any rental correction, if any, to be very minor as there is
still good rental demand.
Michelle reminds landlords that any reduction in rental rates or
occupancy can be mitigated by presenting property in the best possible
condition and signing tenants on fixed term leases. Of course the
greatest single factor that influences the ongoing performance of a
landlord's investment is property management. For the best quality
service with a competitive fee, contact us.
We've reproduced the article in full below:
"07 December 2004 - By KIM THOMAS
Canterbury rents may soon be forced down as a rental property glut hits the market, industry experts say.
Rents for a three-bedroom house in a typical Christchurch suburb had
risen from $230 to about $280 in the past two years as owners tried to
cover their rising expenses, property manager Michelle Abley said.
Although the tenant base had grown as prospective first-home buyers
were unable to afford rising house costs, the balance was shifting in
tenants' favour because of a surplus of rental properties, she said.
"The rental market is very inflated but it is coming down because
people are starting to say `I won't pay that'."
Christchurch investment association manager Martin Evans said
rental prices would have to drop, but predicted it would not be by more
than $10 in many cases. The first type of rental property to drop in
price would be in the $350-plus bracket, he said. The losers in this
expected rental shake-up would be investors who over-extended
themselves by buying a rental property with no deposit, he said. Evans
said current rents were now "at the level they should be" after years
of under-pricing.
A review this year by the Department of Building and Housing
confirms an increasing number of people renting houses rather than
buying. The Getting the Balance Right report said buying a house was
becoming less affordable for many New Zealanders and more older people
and families with children were renting now compared with 1986.
Halswell tenants Danielle Wittmyer and Adam Wild hunted for
three weeks to find a two-bedroom house priced under $200 "decent"
enough to house their five-month-old baby. They looked at two "filthy
houses with stained, torn carpets where you wouldn't put a dog, let
alone a baby" earlier this year before finding their present flat.
Their two-bedroom unit costs them $190. This took $760 of the family's
$1400 monthly income. On top of rent was a bond of three weeks rent and
another week's rent for a letting fee, Wittmyer said.
Christchurch City Mission food bank co-ordinator Margaret
Weatherston said it was harder for low-income families to rent because
more than $1000 was needed for bond and rent in advance."
We
prefer that private landlords employ the services of a reputable
property manager (preferably us) but if you're doing it yourself,
please download and modify our Tenant Application Form as a first step when interviewing prospective tenants.
We continue to be surprised by private landlords who go on 'gut
instinct' and are then surprised when the rent isn't paid. When it
comes to enforcement the problem gets worse as they find that the
tenant has a bad credit history and most often they are only one of a
number of debtors trying to collect money.
We're committed to finding the best tenants and providing the best service to retain good tenants for your property. Contact Michelle if you need help managing your rental property.
We're continuing to spread our wings and promote the great things we have to offer. The new web site allows us to add value for our tenants and landlords informing them of current events and giving them the tools to learn more about what we do. If you have comments or suggestions, contact Michelle.
It seems we keep finding things at the Tenancy Tribunal that 'just don't make common sense'. We were recently awarded possession of a property but somehow we lost the standard notice period a tenant should give when leaving a property. Rather than do nothing, we have written to the Tenancy Tribunal's Principal Tenancy Adjudicator informing her of this abnormality. To read the letter we submitted click here (pdf).
As part of our proactive investor focus, we have just made the following submission as part of the Christchurch City Council's (CCC) public consultation process for improvements in Ruskin Street. To read the letter we submitted click here (pdf).
We are pleased to announce that Michelle has been elected as the Secretary for the Canterbury Property Investors’ Association Inc. (CPIA). The CPIA provides opportunities for property investors to network, keep up to date with latest initiatives and to lobby parliament and policy makers on issues that effect our industry.
Michelle recently attended the Advanced Landlording Seminar held by Tenancy Services to ensure we kept up to date with any new initiatives and advice offered for landlords. Below are her thoughts on the seminar.
The seminar repeated the information already available on the
Tenancy Services website and did not offer any additional advice to
landlords. The information pack handed out contained forms downloaded
from the website and blank pages to write notes from the speaker. I sat
next to a woman who managed 3 rental properties and wanted to learn
more about landlording. She attended the first introductory seminar,
which she found useful, but her opinion was that she learnt nothing new
from this 'advanced' seminar.
In fact, I felt this seminar provided inexperienced landlords
with some particularly unhelpful advice. For example: one landlord said
she had given her tenant permission to change the locks on the property
as the tenants partner had moved out and she wanted to feel secure.
This permission was given on the basis that the landlord would receive
a set of keys to the new locks. It was now a couple of months since the
locks had been changed and the tenant had yet to provide the keys as
promised.
The Regional Manager for Tenancy Services asked her why she
needed a set of keys to the property. He went on to say that If there
was an emergency the door could simply be ‘bashed down’ and if she did
possess a set of keys the tenants could accuse her of stealing their
possessions.
This landlord has every right to a set of keys for the
property and she has right of access to the property under the
Residential Tenancies Act. Unfortunately some new landlords may take
this type of advice seriously and not worry about keeping sets of keys
to their properties. A new landlord could find all the useful
information presented in this seminar by spending an hour or so on the
Tenancy Services website.
We made a submission to the Christchurch City Council (CCC) as part of the consultation process for the City's Long Term Council Community Plan
(LTCCP). Our concerns centre on the ‘Excess Water Supply Targeted Rate’
as we consider the CCC implements the water charges unfairly. This
issue effects both landlords and tenants and if you want to add your
support to our submission either contact the CCC directly or contact us.
To read the letter we submitted click here (pdf).
We
had a particularly bad experience removing a tenant at the end of a
fixed term tenancy so we wrote to the Minister of Housing, Hon Steve
Maharey. We suggested improvements to Tenancy Services procedures,
which was forwarded to the National Manager of Tenancy Services, Nigel
Bickle.
To read the letter we submitted to the Minister click here (pdf). To read the letter we sent to the National Manager of Tenancy Services click here (pdf).
The company registered its change of name with the Companies Office today. The name ‘Accommodate’ was proposed by our graphic designers and chosen to represent what we felt a property management company should be, accommodating.