One box does not fit all: Rentworks Property Management
Investing in residential property is a highly personal decision, with each individual having their own thoughts and preferences.
Some people exclusively invest in units or flats, while others prefer standalone options such as three or four-bedroom houses. There are also those who focus on larger properties with five to six bedrooms, optimising room rates, or investing in boarding houses. Additionally, investors consider both short and long-term tenancies, with platforms like Airbnb continuing to grow in popularity.
The landscape is further evolving with plans to make it easier and cheaper to build dwellings up to 60sqm without resource consent, provided construction is undertaken by a licensed building practitioner, Rentworks Property Management owners Steve Hawker and Brent Manderson say. They believe this potential increase in housing stock could significantly impact the rental market, reminiscent of the 1980s and 90s when many owners subdivided their sections. This trend allowed for infill housing, providing opportunities for downsizing and instant cash flow while expanding rental options in various suburbs, including those within desirable school zones.
Location is another critical factor in property investment. Preferences vary, with some investors favouring the northwest, while others prefer the east side, city centre, beach areas, hill suburbs, or new outer suburbs such as Rolleston, Halswell, and Lincoln. There are also high-investment-value areas like student suburbs. Each investor has their own plan and expectations, considering factors such as the type of tenants they want to attract, weekly rent, and overall comfort level.
“At Rentworks, we understand that one size does not fit all,” Steve and Brent say. “Our team comprises highly experienced professionals who are also investors. This unique perspective allows us to fully grasp the various requirements, regulations, and compliance issues associated with different properties.
“We possess in-depth knowledge of the advantages and disadvantages of specific locations across the city, helping our owners create the best plans to achieve optimal returns and attract long-term tenants.
“Our property managers are dedicated to building trusting relationships with all parties involved. Understanding the market is essential, and our team’s extensive experience and knowledge of Christchurch suburbs enable us to provide this insight,” they add.
“With over 120 years of combined property management experience, our specialists—Wendy, Marina, Steph, Karyn, Pip, and Owen—bring a wealth of knowledge from years of living in and understanding how our city operates. Ongoing training complements their current property management skills and certifications.”
At Rentworks, the team tailors its services to meet the unique needs of each owner, ensuring the best possible outcomes for their investments. You will find them at 1/243 Blenheim Road, Riccarton. Call Steve on 03 359 0308 or 0274 993 186, and Brent on 027 777 2178, or visit the website.
