Spelade
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In this episode, we discuss what a good rental yield is for Auckland property investors. Nationally, we know that Auckland typically will deliver higher capital growth but lower yields.
This depends on the type of property you have in Auckland, its location and then purchase price.
While the national median yield is over 4%, in Auckland, we would typically think someone hitting 4% would be doing well.
We are once again joined by Celia Burbery, general manager of Auckland Property Management. Celia has over 35 years of experience in property, and we are really privileged to learn from her experience.
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In this episode, we are joined by Celia Burbery from Auckland Property Management. Property management is so important because if you want to get the long term gains from investment property, then you need to hold the property for the long term.
A big part of being able to do that is managing the property itself. That's where property managers come in.
Recently there have been a few law changes and judicial rulings that impact property investors. In the show, Celia details what these are, including the new Health Homes Act and walks us through what property investors need to know.
Note: Auckland Property Management are specialists in the Auckland Property Market and do not operate outside of Auckland.
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In this episode, we discuss the nitty-gritty of what property managers really do for property investors. Over a 10 year period, you are likely to pay your property manager the same amount of cash as you will your real estate agent. However, for that, you will get significantly more value and service.
Celia estimates that over recent years the workload for a property manager has increased by 30%, however, they haven't increased their fees.
Property managers have awkward conversations with tenants, ensure that they pay their rents, follow up when that doesn't happen and ensure the property is maintained and expected. But, the real benefit is in their institutional knowledge and the paybooks/procedures they have in place so that if something goes wrong it can be managed.
This is the final show – in this round of recordings – where we are joined by Celia Burbery from Auckland Property Management.
