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Mark Trafford

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Articles By Mark Trafford

Do not Waste Your Money

By: Maintain To Profit | 2015 June 8

It seems we spend more time talking to landlords about how not to spend their money than we do telling them to spend it sometimes. When your renovating an investment property there are 2 key rules the first being the renovation cost must increase the value of the property by at least as much as you are spending hopefully more, the second is that it must increase your rent and your rent ability ( the fact that prospective tenants will choose your property over other similar properties on the market ) and pay more for yours as well. So

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Is renovating property still a good strategy

By: Maintain To Profit | 2015 January 5

I recently came across one of the worst houses I have ever seen which due to the death of the tenant was up for sale. Having made an unconditional offer I felt confident that the vendor would accept my offer and I could renovate it ( as I’m in the game and an expert having done over 400 renovations now) and make some reasonable profit on it when re valued and either sold or rented out and re valued for future borrowing purposes.

Well to my surprise the vendor within 24 hours had received seven offers and the best one

Your 5 Must dos for winter maintenance.

By: Maintain To Profit | 2014 November 30

Roofs
Every year you should check your roof, chimneys and flashings (waterproofing strips that protect vulnerable areas) making sure problems are not developing. Things to look for include flashings that have corroded or lifted, and crumbling chimney mortar. Overhanging branches can damage roofs, so it’s important to keep trees next to your house cut well back. Check with the manufacturer of your roofing material to find out about any special maintenance requirements.

Drains and gutters
Blocked and damaged drains can and usually will cause serious flooding so it’s important to contact a professional drainage company as soon as you become aware of

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Deck collapses 9 Hurt Are your rental properties safe

By: Maintain To Profit | 2014 June 6

I watched the news in horror as 9 people were injured  were staying at a holiday let in Omaha just north of Auckland. The owner was quick to point out she had had a builder look over the decks in the last few years and although one deck had been closed off and marked as unsafe this one that collapsed was deemed ok for use by tenants. It’s very important for landlords to note recent changes to the Residential Tenancies Act include “Unlawful Acts: A new list of “unlawful acts” with specific fines has been added.

Landlords may be fined

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Hints and Tips from the Renovation Experts

By: Maintain To Profit | 2014 February 10

HINTS AND TIPS FROM THE RENOVATION EXPERTS

 

How to choose the best contractor for your next job or project

When choosing a contractor you should look at each company specifically to match the type of work you require (i.e. wiring a plug in your house would be a residential electrical work). You should be given each contractor’s rates, areas in which they work and the hours they work. All contractors should clearly display their trade qualifications and be FULLY insured for public liability to keep you and your property safe at all times. Do they have a current health and safety

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Holiday Maintenance Everything A Landlord Needs To Know

By: Maintain To Profit | 2013 December 3

With Christmas looming fast and the prospect of some sun, surf and relaxation on most of our minds now is a good time to ensure you have your rental maintenance or even for that matter home maintenance covered for the break and into 2011

There are some basic issues that many landlords overlook at this time of year that include burglar alarms if they are installed, security checks, providing emergency call out numbers for tenants if the property is not managed by a property manager and even small things like ensuring the tenant knows where the water main is on

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Property Maintenance Services From Local Tradesmen

By: Maintain To Profit | 2013 October 27

Why You Should Choose Local Tradesmen To Provide Property Maintenance Services

Finding a good tradesman can be a difficult task. Whether you need tiling, gardening, plumbing or other you want to make sure you select a tradesman who will be dedicated to you and focused on your needs. Here are a couple tips for why choosing a local tradesman will ultimately yield you the best results.

Tips For Getting The Best Property Maintenance Services

1. Local tradesmen tend to know the area and consumer base best. Most likely they have dealt with other customers with similar needs and will know how to

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Renovating Your Residential Investment Property Made Simple

By: Maintain To Profit | 2013 January 17

Renovating Your Residential Investment Property Made Simple

Renovating a property for investment can be very difficult when you haven’t done it before and isn’t that easy even when you have to stay focused on what you need to achieve. So let’s take a look at what is important prior to starting out on your renovation.

Budget – Let’s say that word again – BUDGET. This one simple word is the one that should be paramount in all of your decisions within your project. It should dictate if you buy an investment property that needs a renovation or not and it should

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Be A Wise Landlord – Maintain Your Properties

By: Maintain To Profit | 2012 November 21

So many property investors I meet and talk to don’t grasp the concept that property investing is a business and first and fore mostly should be run like one. Your revenue is your rental income and expenses are your mortgage, property management fees, rates and property maintenance. This will leave you with either a profit or loss dependant on how you run your business.

When buying a property, maintenance should always be factored into your costs on an annual basis. This figure may range from $500.00 for a new home with a builders guarantee where you may simply have gardens

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Fix it or pay the price

By: Maintain To Profit | 2010 December 4

Unlawful Acts: A new list of “unlawful acts” with specific fines has been added. Landlords may be fined up to $3,000 if they fail to provide the property in a reasonably clean state or fail to carry out maintenance or building and health and safety requirements.

Recent changes as shown above to the RTA will now mean landlords can no longer ignore maintenance issues in rental properties or provide unclean environments for tenants to live in.

So is this the end of the “slum landlord” the investor who rakes every cent out of his tenants in rent but who refuses to

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