Business South November 2024

| 125 T T Alexia Anderson Good property management is vital IPM offers these lower fees so that the owners can achieve the returns required to continue to provide rental properties. PROPERTY IPM Property Management Invercargill “Applications are closed very quickly after a viewing to allow for time to provide the owner with choices for the next tenant.” IPM Property Management Invercargill (IPM) is setting a standard across the housing sector in Southland, offering a highly personalised, cost-effective service for landlords and tenants alike. In a region where rental properties are abundant, landlord costs have been rising and IPM has carved a niche by providing lower fees while maintaining high-quality services. IPM Property Management owners Jock and Lara and property managers Nicola & Sally say the organisation has been able to assist in a range of ways. One of the standout features of IPM is their competitive fee structure, which significantly reduces expenses for landlords. The company charges a set price for tenant placement and avoids the add-on costs often imposed by competitors, such as advertising or credit check fees. The company also has very low management fees and the Inspection costs are also lowered. IPM offers these lower fees so that the owners can achieve the returns required to continue to provide rental properties in the area. Each IPM client was a success story, with each being able to save on costs, ultimately keeping the price of the rentals at a market level. Payments to the owners can be made weekly, so they are able to set up their mortgage payments to suit, thus saving interest. The need for property management companies offering lower fees without sacrificing service quality has never been greater. Another benefit to having the team at IPM on board is the assurance that any legislation changes are brought to light, ensuring no issues arise as a result. If a self-managed property does not follow protocol it can result in a range of problems, including a breach of the owner’s insurance. This can include failing to complete all documentation correctly. The risk is high managing any rental yourself, and it is always best to make sure everything is completed and that the inspections are always carried out as required under the Insurance clauses. Invercargill has a lot of rental properties, some lacked quality and the need to ensure that they are compliant, but IPM always ensures that properties are compliant. Despite that, demand is high which has often seen some properties viewed by more than 30 people. “Applications are closed very quickly after a viewing to allow for time to access each application and provide the owner with choices for the next tenant.” Pet-friendly properties are also becoming more available and IPM encourages owners to consider pets at all times. IPM also takes care to support its team of property managers, intentionally working to avoid overburdening staff, while allowing them enough time to work with each property and their tenants. IPM also ensures the property managers have a lower portfolio, which allows them to spend more time on all properties. Landlords are kept informed, provided with access to an online portal where owners can check payments, view statements, and access other critical information. Regular phone calls and emails to landlords ensure that the personal touch IPM prides itself on is also maintained. With a focus on cost-effective solutions, personalised service, and a deep commitment to the local community, IPM Invercargill is an integral part of the property sector. And, as it looks to the future, the team will continue to redefine property management in Invercargill, helping both landlords and tenants navigate the region’s dynamic rental market with confidence. EMPSON ELECTRICAL SERVICES JOHN EMPSON Registered Electrician electrical.ees@gmail.com 027 450 9002 Your commercial and domestic flooring experts. Blair & Kendall O’Shannessy 44 Mersey Street 03 214 4384 @regalfloors.co.nz Phone: 03 983 5500 waterfordpress.co.nz Your Business, Your Industry, Your News. DO OUR READERS KNOW YOU EXIST?

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