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Showing posts from September, 2023

Tips to Find the Best Property Management Company in New Zealand

There are many property management services in New Zealand, but not all of them offer the same value. Finding a reliable property management company is essential to safeguard your investment and peace of mind. Hiring the right property management company means more money in your pocket, consistently. But how do you choose a rental property management service that will take care of your rentals the way you would? Read on for a brief guide on how to find the best property management company for your rentals. Prefer a Certified Company When you are working with a licensed and certified property management company, you know you are in good hands. Certification is a sign of experience and expertise, therefore, you should prefer a company with professional licenses and certifications. Look for REINZ (Real Estate Institute of New Zealand) accredited companies in New Zealand such as Rempstone Property Management to ensure your property is managed with professionalism, care, and efficiency. Cho...

How to Grow Your Rental Property Business While Working a Day Job

Although investing in rental properties is a lucrative business but you cannot expect to earn financial freedom overnight. The transition from a full-time employee to becoming a full-time real estate investor can take several months or even years. Managing and growing your rental business while also working a day job is far from an easy job. However, effective time management and outsourcing property management tasks can help you increase your ROI and grow your business. Here is a list of the top 5 property management tasks that you can outsource to grow your business. Market Research Market research is an essential first step that every entrepreneur and investor considers to find out low-risk and high-return investment opportunities. However, thorough market research and finding the right rental property for investment takes time. As a full-time employee, it can be challenging for you to give the required amount of time to market research. Fortunately, you can hire an experienced prop...

Common Mistakes to Avoid As a First-Time Real Estate Investor

Investing in rental properties offers the potential for financial freedom, provided that you don't fall into the pitfalls of the sector. The lack of experience as a first-time investor can cause you to fall for many tricks. When learning how to invest in real estate, it is important to learn the best strategies but it also pays to know some of the common mistakes that others make when they start investing in property, to help you avoid making them as well. If you are looking to invest in rental properties now, you need to beware of the following mistakes and avoid them at all costs to succeed in the real estate industry: Not Having a Clear Plan and Investment Goals Not defining investment goals and lacking a clear plan are some of the common mistakes new investors in the real estate field make. If you want to achieve success in the rental property investment business, set your investment goals and plan your strategies accordingly. Goals act as a guide and without setting your goals...