If you have any doubts about the rental levels of your properties,
At Home Property Management offers free rental appraisals.
This will help you as a landlord to:
- Ensure you are maximising your rental returns
- Avoid vacancy rates, down times and loss of rent
- Avoid disputes at the Tenancy Tribunal
Using a Rental Appraisal to Secure Good Tenants
By ensuring that your property is being offered at an appropriate market rate, landlords are better able to secure and retain good tenants. Also, by maximizing the best level of rent, landlords ensure the best returns by setting appropriate increases, as the property increases in value to the market. At Home Property Management ensures that landlords have rental appraisals and rent reviews at least every 12 months.
Though you do not want to charge a rent level that is too low and miss out on returns, you also do not want to charge too much rent either! It can be tempting to ask for a high price on a rental property, but there are pitfalls to charging prices that are higher than acceptable market rates. Cases like these may secure desperate tenants, and also run the risk of a Tenancy Tribunal hearing. This type of challenge at a Tenancy Tribunal can incur a penalty.
What is a Rental Appraisal?
A rental appraisal by an experienced property manager provides the landlord with a detailed report into the earning potential of their investment property as determined by current market trends and the rent levels for other similar nearby properties. At Home Property Management also take historical figures from Tenancy Services into account to ensure accurate up to date rental appraisals. Typically rental appraisals are provided to property investors free of charge.With an At Home Property Management rental appraisal there is no obligation – we are happy to help.
We also provide free rental appraisals for real estate agents who are looking at building on- going relationships with us.