Problems with Renting out Christchurch Property? Bayleys Property Management Can Help.
Despite the ongoing shortage of low-priced property for rent in Christchurch, more and more landlords are stepping forward, complaining about troubles renting out mid-priced and high-end properties.
No calls for a short-term rental at $450 for a 5-bedroom Huntsbury home, a price-drop from $480 to $430 for a 3-bedroom north-facing Cashmere house, no takers for a 3-bedroom Sumner property at $385/week – those are just a few examples of the many properties standing empty.
Landlords of properties in a mid-priced price bracket and above go so far to say that it was easier to rent before the earthquakes. A look on Trade Me confirms that some dearer homes have been listed for several months.
Partially, this problem may be created by the Government’s $330 subsidy for displaced families which generates a threshold for tenants still paying mortgages on damaged properties.
So what can you do if you, as a landlord, experience similar problems? Bayleys’ Christchurch Property Managers have put together a few tips:
- Make sure your property is warm and in a good condition. First impressions count and damaged exteriors can make people uncertain about a property.
- Provide documentation to show that your house is safe.
- Consider lowering the rent.
- Think outside the box. A large domestic property may be of interest to a working group or business, or it could be rented to 2 tenants (for example 2 professional couples).
Finally, you can increase your rental success considerably by employing a reputable Christchurch Property Manager. Bayleys Property Management offers:
- excellent marketing techniques across various platforms
- access to a big database of tenants
- maximum occupancy
- reference checks to reduce risks of future problems
- managing of maintenance and repair issues
- tax advantages
- thorough market knowledge/insights
- and much more