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New Zealand’s Current House Rental Market

Rental blogger

In the current economic climate it has never been harder for young families to purchase their first home. Soaring house prices in big cities like Auckland are making home ownership all but impossible. A direct result of this is a booming rental market. A recent article featured in the New Zealand Herald on New Zealand house rentals states that as many as 200 people are applying to be tenants at a single property in the city and on the city fringes. Property viewings have become auditions, students and families alike are finding it extremely difficult to get into a rental property of their choice. Rent prices are now a starting price in what sometimes becomes a bidding war for who is willing to pay the highest amount.

Massey Universitys real estate analysis unit shows a quarterly increase across New Zealand in rent prices of 3.3% ending February 2011. The most notable annual increases are in the main centres with Auckland areas leading the way. Waitakere prices increased 8.8%, while North Shore rose 6.3% and Auckland City rose 2.7%. Other areas with rising rent prices are Rotorua increasing 7.3% and Christchurch 6.9%. These increases are alarming especially in a struggling economy where people are finding it harder to find work. Although there is an increase in rent prices there is also a decrease in rental listings on websites such as TradeMe. Supply simply cannot meet demand and rising prices are not slowing this demand down.

Christchurch is an interesting market at the moment with a lot of rental homes damaged by the recent earthquake. Undamaged properties have become hard to come by and the prices have increased accordingly. This has led to some Christchurch residents moving out of the area and heading to other main centres such as Auckland and Wellington putting more strain on these markets. Some people are calling for rent control in the Christchurch area due to the increase in prices. However there is little evidence to support these claims of rent spikes with some experts stating the rent increases are simply the norm in the current rental market across the country.

With high unemployment and middle class families unable to make home deposits or mortgage repayments, a whole new demographic has entered the rental market. Some people have to sell their homes and move into rentals, again highlighting the fact that the New Zealand housing rental market is growing. With the demand far out weighing the supply in main cities such as Auckland, landlords are able to let sub-standard properties at exorbitant prices. Looking at the current figures people can only expect prices to continue increasing while New Zealand house rental listings will continue to decrease. Be careful when choosing a rental property, and make sure you seek expert advice in these interesting times.

Know what porta potty and portable toilet rental companies in Oregon have in store for you!

Rental blogger

A newlywed from Hood River, Oregon talks about her wedding that took place recently and what sanitation embellished her wedding event with and at what price.

I was quite lucky to have had my wedding in my birthplace i.e. Hood River and I can’t thank my husband enough for that. With me being the only child for my parents and having been brought up entirely in Oregon, I have a great inner feeling for Oregon, especially Hood River. It had always been my dream to get married in my hometown and my husband nodded smiling for that.

When I look back at my wedding, all I can say is I was lucky to have wed in such a way. Everything was picture-perfect and everything fell in place to make that a memorable moment of our lives.

Especially the guests were super happy. Thanks to my husband for such delicious food arrangements and wine and I boast in the sanitation I had arranged for my wedding. As there were more than 500 invitees on the guest list, I thought it would be sensible if I place a rental order for porta potties little earlier than the event and stumbled across a porta potty rental supplier.

I placed an order for 20 standard portable restrooms, 5 deluxe portable restrooms, 2 VIP self contained restroom units and 2 ADA compliant portable toilet units for my -special’ friends and children. Also the rental order included 5 large water holding tanks and 3 standalone portable sink stations.

I am proud to say that I was charged with a rental price that pleasantly surprised me. I was charged way lesser than what I’d be charged. I walked through my wedding as elegantly as a bride would.

Only when the hustle-bustle of wedding settled down and the normal life was restored, though this time with my husband around me, I inquired about porta potty and portable toilet rental companies in Oregon. A smile blossomed on my lips when I learned that porta potty rental costs in Oregon are the most economical than ever. I am happy that my wedding happened with best sanitation deployed for best rental price.

It is also assuaging for people of Oregon to know that porta john rental prices in Portland and Grants Pass also are very economical these days. Porta potty and portable toilet rental companies are offering competitive portable toilet solutions at competitive rental prices. This is just probing people to hire adequate sanitation for their outdoor events.

On one hand as the sanitation increases at events, it also promotes cleanliness and comfort; on the other hand it also makes Oregon a better place to celebrate an occasion. I have observed that the portable toilet rental costs are going to remain as economical as they are. So it is the best time for people to hire competent sanitation for their events and keep their guests comfortable and happy just like I kept mine at my wedding.

However, I suggest people who want to host events in Oregon to go for such porta potty rental suppliers who happily club quality with the competitive prices they offer. Happy events!

PortaPotty-Rental.com offers Portable Toilet Rental companies in Oregon, Services at an affordable price. We provide our service to almost all the states in the United States.

For More information on Mobile Restroom Rentals and Outdoor Portable toilet Rental please visit www.portapotty-rental.com or Call us 877-240-4411.

Investing In Rental Property

Rental blogger

In recent years it has become popular for most individuals, who can afford it, to invest in rental properties. This is a great way to earn some extra income, and help the community at large. How do rental properties help the local community? Well for those who cannot afford to purchase a home due to immature credit history, reasonable down payment, or an individual just starting out, a rental property allows them to have a place to live, without relying on friends and family who do own homes. Along with doing a civic duty a rental property is a great way to earn a lifetime of extra income. There are many advantages to becoming a landlord, however there are also just as many disadvantages; doing the proper amount of research is essential to becoming successful in this type of venture.
Investing in property whether it is a primary residence or a rental property is essentially an investment in the future; conducting the research necessary with this in mind will help any new investor make the best decisions possible. The first point for any investor to understand is that when it comes to real estate there are many options available from new home sales, foreclosure auctions, to county tax sales. Each of these options has their own unique set of hurdles and requirements of purchase. The most common investor in rental property are individuals who already own their primary residence, so this process is not new to them, however when investing in property the key is to get as much property as possible and the lowest possible price.
When deciding to become a landlord the first thing that any new investor needs to do is check their credit score. This will tell them whether or not they will be able to apply for a new mortgage, and how much they will be required to pay in interest. Remembering that this mortgage is an investment loan it is important to find a property that will allow a person to get the lowest loan possible, in order to make a profit. The second step is to research the potential neighborhoods where the investment property will be located. The key here is to find the area with the lowest home prices possible, yet has the highest likelihood of being rented at a profitable price.
The last thing to choose before calling both the lending institution and the real estate agent is to decide what type of purchase is best for the investor. Usually when buying investment properties looking at foreclosures and county or state tax sales will give the investor the highest profit margin available, even if they have to do some repairs to the property; remembering that this is an investment in the future will help him or her make the best decision.
While becoming a landlord has its advantages it also has its disadvantages. It is always important that once all of the research is done, and the purchase of the property is finalized; to choose the perfect tenant. Paying close attention to background history, and references will insure a happy and healthy relationship for many years. Notice that I did not recommend a persons credit history, the reason for this is that sometimes a person with a poor credit score can be the best tenant. Focus on previous rental history to make an informed decision along with a criminal background check. This will tell an investor more about a person than a credit score. Investing responsibly in the future will benefit both the investor and the community.

Areas Of Responsibility For Rental Property Managers

Rental blogger

After you have invested in a rental property, you have to make sure that you carefully manage it to attain success even in the middle of an economic crisis. If unfortunately you do not have the time to properly manage your business especially if you are busy with another business or a day job, you can just hire a property manager to ensure that it would be run efficiently.

You therefore have to find the right property manager that can help you attain that success in your business. The first thing you should do is to find out the responsibilities of property managers so that you can pick the best candidate of the lot.

One of the most important responsibilities of a property manager has something to do with finance and marketing. They should be able to advertise your business without spending too much money on it. Also, a good property manager should be able to help the landlord map out a financial plan for the business. This means looking at the cash flow and making sure that the business owner would maximize their business’ earning potential.

The second major area of responsibility for these managers involves tenant and occupancy. The manager should be able to effectively screen tenants. This is important to avoid getting bad tenants. These people are those who would not pay the rent on time, skip the rent altogether and even damage your property. By making sure that tenants are screened properly, they can help you achieve success fir your business.

Facility management is the third major area of responsibility for property managers. This means that the management company should be able to attend to the needs of the tenants regarding repairs to the property when needed. The manager should therefore be available round the clock so that problems with the property would be easily responded to.

Risk management and administration is yet another responsibility for the property manager. This means that they would be the one responsible for filing things like tax and accounting documents. They should also be able to help the business owner to formulate a plan to ensure success of the business in case of an economic crisis.

By knowing these responsibilities, you can make sure that the company you will be hiring would be able to handle these. Always ask for their strategies where these things are involved. This would make it easier for you to ensure success for your sizeable investment.

Elaine Salt invites you to visit Salt Lake Property Management to learn more information about property management and how to grow your rental property business.

Investment Rental Property 3 Things to Consider When Buying

Rental blogger

There are so many methods in which a person can make money when it comes to real estate investing. Some of them have more risks than others. Automatically, those that carry the biggest risks are frequently the real estate investment techniques that have the highest potential profit but slow and steady, in many scenarios, wins the game. Flipping houses has been in the news more often as so many riches have been created doing this-more than a few have been lost in this method as well but those are not covered by the news nearly as frequent.

Dealing with investment rental property is not as fabulous and doesn’t give the almost fast profits that flipping houses can but it is also an excellent and valid strategy of real estate investing that will provide a constant profit over time if you plan properly. Investment rental properties are in demand today more than ever with so many folks going into foreclosure and losing the houses that they’ve worked hard to build for their loved ones. For this reason rental properties are a good thing to own at the moment, especially those that are family homes.

There are several reasons that people rent and while there are several risks involved when renting investment rental property, the risks are much lower compared to the risks involved in flipping or pre-construction investing options. There are several things you should think about when buying a property for the purpose of renting however in order to arrive a solid, wise, and long lasting decision for your real estate investment.

First, invest only in rental properties in locations that people want to live in. It may be true that you can buy property cheap in a few run down areas of town but it is doubtful that you will turn those properties into profitable rental units. It is great to pay some more for a more attractive address for renters. You will notice that your properties are rented oftentimes, which will give you more money in the long haul.

Second, give attention to the kinds of folks in the location and buy rentals accordingly. It is very possible to change big homes into several smaller apartment units (based on local zoning laws) that are ideal for college students. You do not want to implement this however in a location that is geared to family houses and won’t be good or tolerant of college students. Design the rentals based on the market you are attempting to rent out.

Third, avoid being greedy. The purpose of owning investment rental property is of course, to profit. At the same time, if you put a high price on your properties, you will notice that they sit vacant more often than not. Each month that your property is vacant is a month that you aren’t getting money on that property and a month that you are losing money at worst.

Fourth, learn about the market. Research the local market for purchasing real estate and renting real estate. This will aid with several things, not the least of which is the deciding factor whether or not any specific property will make a good rental unit. Another thing, it will aid you identify how much rent the units you are checking can provide month after month.

Lastly, when renting residential investment property you need to focus on the long-term goals instead of short-term goals. Property rental is a marathon race instead of a sprint with the biggest profits coming at the finish line. You will want to pay as small interest on the property as possible and pay the property off as rapidly as possible for you to realize the most profit potential and buy new properties. The true money when renting properties as a real estate investment isn’t in renting out one or two units but twenty or thirty units. The more rental residential investment property you have, the more money you will make from owning them.