What should a landlord do in a slow Auckland rental market?

What should a landlord do in a slow Auckland rental market?

What should a landlord do in a slow Auckland rental market?

As a property investor, you are always looking for ways to increase the return on your investment. With the current slowdown in the Auckland rental market, you may be wondering what steps you can take to ensure that your property is rented quickly and at the best possible price.

In a slowdown, it is even more important than usual to make sure that your property is well-maintained and presented in an attractive way. This will help it to stand out from the competition and make it more appealing to potential tenants.

It is also a good idea to be flexible on price. In a buyer’s market, tenants have more choice and can be more selective, so it is important to be realistic about what you can achieve. With that said, it is still important to get as much rent as possible – after all, your goal is to make money from your investment! – so make sure you do your research and are aware of what similar properties are renting for.

Finally, don’t forget the importance of good marketing. Make sure your property is listed on major rental websites and that the listing includes plenty of photos and clear information about the property and its features. You may even want to consider hiring a professional photographer to take some high-quality photos.

By following these tips, you can make sure that your property stands out from the competition and rents quickly, even in a slow market. If you have any questions or would like some help with renting your property, our team at City Sales would be happy to assist you. Contact us today!