RempStone Property Management

Investing in real estate and starting a rental property business is a popular choice for entrepreneurs looking to create generational wealth. As attractive as this business is, the amount of money needed, and the management responsibilities are often overwhelming. Then how to manage and run a successful rental property business without any compromise? In this article, we will explore some of the best strategies to establish a profitable rental business. Choose Rentals That Attract Your Ideal Client If you could choose the perfect client to rent from you forever, who would they be? As a business owner, you need to figure out your ideal clients. After you find out your potential clients and their preferences, focus on rental properties in an area that attracts your ideal client. For instance, if your target market includes the working class and students in New Zealand, investing in rental apartments in large cities like Christchurch will make your business more profitable. Once you choos...

Finding the best rental unit in New Zealand, and that too at affordable prices, is quite a challenge. One of the reasons is the high demand for rental properties in the country. Various other factors come into play that affect rental hunting such as safety, security, amenities, and much more. If you are also looking for a high-quality rental home in Christchurch, follow these five steps to find your dream home. Choose Your Rental Type When searching for a new rental unit, you need to be sure about your priorities so you can look for your preferred rental types. Brainstorming the features you want in a house will help you narrow down your search and help you find your new home easily. So, make a list of must-haves and nice-to-have features and start rental hunting to find a suitable home in a short time. Set a Budget Once you know your property-related preferences, you must establish a budget accordingly. Utilities and other added expenses are usually not included in the rent. So, calcu...

Staying outside your hometown can be challenging especially if you are first timer. You can face multiple hardships including renting a property. You need to consider many factors when searching for a rental unit such as its location, security, amenities, and especially affordability. If you are living out in big cities like Christchurch, negotiating rent with your landlord can be a huge battle. However, with a smart approach, you can convince your landlord or property manager of a desirable price. If you are ready to negotiate rent with your service provider follow these tips. Do Your Research Adequate local market research will give you the best chance to get a rental unit at its true market value. Research property sales in your preferred location in Christchurch and its nearby areas, especially rentals with similar features. Track what sold, when, and for how much, and start to attend other open inspections and auctions to get information on current market price and demand. A thoro...