116 | Edinburgh Realty T T Rosa Watson Iconic firm has finger on City’s pulse Edinburgh Realty is now the largest propertsy management company in Otago. PROPERTY For almost 30 years, iconic Dunedin real estate firm Edinburgh Realty has been buying and selling homes in the region and built a large property management portfolio. The company was formed in 1995 by three established Dunedin property consultants, looking to create a company that worked the way Otago people worked, property management department manager Simone Read told Business South. “A company that was friendly, listened properly, communicated openly and got on with the job.” The property management sector of the business has been operating for over 20 years and is now the largest property management company in Otago. Edinburgh manages a range of student properties in the busy university city, as well as residential properties, studio complexes - both residential and student - and boarding house complexes. This involved a large team of 13 property managers throughout the company’s three offices, Simone said. She said in her five years with Edinburgh Realty, there had been a number of changes to property management, such as the Insulation Regulations 2019, Healthy Homes Act, Residential Tenancies Amendment Act 2020 and The Healthy Homes Amendment Act 2022. Although these changes had come with many benefits, there was room for improvement, she said. “The changes that have been put in place benefit both tenants and landlords greatly, however we have found some of the changes by the government have not taken into account the student market and that not all regulation changes are a one-size fits all.” There were a number of advantages of having a property manager from Edinburgh Realty look after an investment, including the wealth of experience the company held, Simone said. “We deal with varying issues every day that can arise in rentals, and we have trusted contacts for fantastic tradespeople for any maintenance issue, along with comparative data about the market and how to best market your investment.” She said one of the main reasons private landlords making the switch to a property manager over self-management was the “By having an experienced company lookingafter your investment you can rest assured that your property will be at market rent and increased regularly....” benefit of the company acting as a “buffer” between the owner and the tenants regarding late rent payments, rent increases, maintenance, inspections and any conflict that may arise. “By having an experienced company looking after your investment you can rest assured that your property will be at market rent and increased regularly, rent paid on time, maintenance and damages kept at a minimum and you will be given expert advice on how to get more from your investment through renovations.” Edinburgh Realty stood out from its competitors in many ways with an innovative approach to property management, she said. “We pride ourselves in having a proactive approach to maintenance, innovative technology integrations across our software, strong emphasis on client relationships and understanding the needs of all tenants/owners, expertise and experience and commitment to excellent levels of communication. “These attributes make Edinburgh Realty a trusted property management company.” Simone said Dunedin and the Otago region was a great place to invest in a property with the high demand for rentals and low supply of quality homes. “Dunedin and Otago has a strong future of stability and growth with the various building projects (such as the new hospital, ACC building, and Otago Regional Council buildings), affordability compared to other major cities, strong rental yields, diverse investment options, including student, commercial, rural and residential, and providing a beautiful scenic lifestyle.” Building & Renovation | Painting & Decorating | Carpet Cleanings | General Maintenance High Pressure Washing | Specialist Cleaning / Decontamination | Project Management 021 193 9409 Nathan@sentinelpropertyservices.co.nz PROUDLY SUPPORTING EDINBURGH REALTY
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