command a higher weekly rental. Additional storage for bikes, lawn mowers and general household goods, should be considered if you are able to add value to your property with the addition of a garage. 5. Fixed tenancy versus a periodic tenancy Our research shows that in Australia most residential tenancies especially in the big cities, are for a Fixed Term. This appears to be becoming more popular in NZ now, as landlords understand why. The benefits: less turnover of tenants, thus more continuity of rent, fewer vacancies means a higher income less wear and tear due to fewer tenancy changes. Also the tenants may take better care of the property, and they are less likely to "do a runner" as they are responsible for the rent over the entire period, or until you find another tenant on similar terms. We recommend tenancies be offered for a one year period, and that inspections are carried out quarterly. About Allen Realty Allen Realty is a 100% specialist Auckland residential property rental management company with a growing network of local branches in Mt Eden, Greenlane and Manukau. Visit our YOU CHOOSE page to find out how we can structure a tailored management service to suit your requirements. For more information on our services visit www.allenrealty.co.nz or email Simon Allen with your query. Join the property management revolution when you SIGN UP for a no obligation FREE Property Management Consultation today!