When was the last time your rent increased? Has it at all?
What Our Team Has Achieved
As experts in Wellington residential property with 30 years experience, we know the market like the back of our hand.
We study the market, suggesting rent adjustments so our clients get the best rent achievable. In the 12 Months from January 2019 to January 2020, many of our clients received a 14% increase in rent. How? Our team aims for fixed term tenancies to end during the Summer market, allowing us to adjust rent when the market is at it's most achievable. In the January 2019 market rents went up 7%, and then again by 7% in January 2020, so we adjusted the rents to match market rate accordingly.
This increase is largely influenced by us knowing market trends and creating agreements that allow us to adjust rent at the optimum time. It’s also helped by some clients taking advantage of our advice, making small, cost-efficient alterations that give them great return. Being experts in Wellington rental properties, our clients are always confident they are receiving the best rent for the current market.
How You Can Achieve Great Rent Growth Too
A great start is getting a professional rental appraisal from a Wellington property management company. You can look at the market yourself and create an estimate, but that takes time, and you don’t have access to expert knowledge from inside the industry.
Arranging a rental appraisal from our Wellington Property managers gives you access to our market knowledge, rent data, and understanding of market trends, providing you with the right rent for the current market.
Article written: February 2020