RempStone Property Management

Bad tenants do more harm to your property than you think. Do you reduce rents just to maintain good tenants? Reducing the rent or evicting suspicious tenants might not be the best solution for your rental business. While lower rent reduces the profitability of your business, evictions of bad tenants can consume a lot of your time and resources. Bad tenants in your property can damage your property value as well either through physical damage to the structure or affecting the reputation of the rental unit. If you want to prevent suspicious tenants from securing a lease, we are here to help. The following strategies can be used to identify bad tenants and prevent them from entering your property. Run a Background Check Checking your potential tenant’s background is an essential step to identifying good and bad tenants. It is a valuable tool to gain insights into a prospective tenant’s history. You can check previous addresses, contact the previous landlords, and learn about eviction hist...

The point of investing in rental properties is to make money. However, not all investors manage their portfolios efficiently to get higher margins. There are various strategies you can implement to maximise the income potential of your rental units. In this article, we will overview the most effective tips to improve your rental income. Improve Tenant Experience Tenants are your customers and improving customer experience is key to improving the profitability of any business. Therefore, you should take time and make efforts to provide the best experience to your tenants. The best way you can do so is by using a professional property management service like Rempstone Property Management in Christchurch that can help you maintain your rentals in good condition and ensure a positive tenant experience. Experienced property management companies can also help you improve the market value of your property with the help of proper marketing and regular maintenance. Buyers and renters will pay a...

Investing in real estate can be rewarding if you buy the right rentals and maintain them in good condition. Despite being a lucrative business, rental investment can be daunting especially if you have just started. That is why it is vital to do early planning, do adequate research, and find the most suitable rental units for an investment portfolio. Finding good properties is the first and most important step for starting a profitable rental business. Here are some of the things to consider when buying rental units for your investment portfolio. Building Conditions and Facilities Buying rental properties is a complex and time-consuming process and it is easy to go off track. Having a clear plan is best to smoothly go through the process without forgetting essential factors such as building conditions and available facilities in the property. Look at the physical appearance of the buildings under consideration and see if they look fresh and well-maintained. Sometimes a property might lo...