Investor Case Study

Adding a minor dwelling to achieve 11% yield

At Waikato Real Estate we like to think we walk in your shoes. Our Property Managers and Management Team are property investors too.

Last year our Head of Growth, Michelle, and her husband Olly (also a manager at Waikato Real Estate) were busy cleaning up the grounds on their investment property on Dinsdale Road.

After removing some bushes and filling in an old fishpond they discovered there might be an opportunity to add an ancillary residential unit (aka granny flat or minor dwelling) to the property.

This is the story of how they went about doing just that…

Untitled design

Investor Case Study

Adding a minor dwelling to achieve 11% yield

At Waikato Real Estate we like to think we walk in your shoes. Our Property Managers and Management Team are property investors too.

Last year our Head of Growth, Michelle, and her husband Olly (also a manager at Waikato Real Estate) were busy cleaning up the grounds on their investment property on Dinsdale Road.

After removing some bushes and filling in an old fishpond they discovered there might be an opportunity to add an ancillary residential unit (aka granny flat or minor dwelling) to the property.

This is the story of how they went about doing just that…

Untitled design

Investor Case Study

We play the long game

Property investing is particularly profitable when you team up with a property manager and company who is focused on maximising your income, minimising vacancies, and building long term wealth.

10 years ago, we started working with a Kiwi couple living overseas. Since our initial meetings they have accumulated many investment properties, but their first purchase remains one of their simplest and most profitable projects to date.

We assisted them in choosing their first property, tenanted it for them, mentored them as they subdivided and built a new 4-bedroom investment property – all from a distance of 10,000km! The two properties have been tenanted for 51 ½ weeks per year and their value has more than doubled, allowing the couple to refinance and use that equity for subsequent property purchases.

construction 2

Investor Case Study

We play the long game

Property investing is particularly profitable when you team up with a property manager and company who is focused on maximising your income, minimising vacancies, and building long term wealth.

10 years ago, we started working with a Kiwi couple living overseas. Since our initial meetings they have accumulated many investment properties, but their first purchase remains one of their simplest and most profitable projects to date.

We assisted them in choosing their first property, tenanted it for them, mentored them as they subdivided and built a new 4-bedroom investment property – all from a distance of 10,000km! The two properties have been tenanted for 51 ½ weeks per year and their value has more than doubled, allowing the couple to refinance and use that equity for subsequent property purchases.

construction 2

Investor Case Study

It's good to talk

For property investing to be profitable you’ll need a high level of occupancy, be charging market rent and have no rental arrears. Get one of those wrong and you’ll find life gets tricky.

We were contacted by one owner after he heard about us from his neighbour. The two gentlemen owned identical multi-unit properties, located next door to each other and charging the same rent.

One owner had 100% occupancy (managed by us) and the other (managed by another property manager) had only 50% of his units tenanted. He switched to us and within 3 weeks we had his 7 vacant units all tenanted for $340/week.

apartment 2

Investor Case Study

It's good to talk

For property investing to be profitable you’ll need a high level of occupancy, be charging market rent and have no rental arrears. Get one of those wrong and you’ll find life gets tricky.

We were contacted by one owner after he heard about us from his neighbour. The two gentlemen owned identical multi-unit properties, located next door to each other and charging the same rent.

One owner had 100% occupancy (managed by us) and the other (managed by another property manager) had only 50% of his units tenanted. He switched to us and within 3 weeks we had his 7 vacant units all tenanted for $340/week.

apartment 2

Investor Case Study

A fresh set of eyes can make all the difference

Our team were approached by a private landlord with four units that he was managing himself in Hamilton East. Each 1-bedroom unit was rented out for $150/week, in our opinion slightly below market rent. Despite the low rent, one unit had been abandoned by the tenants and two others were in rental arrears.

Waikato Real Estate took over the management of these units and suggested spending $20k on minor renovations to maximise rental income, whilst targeting higher quality tenants with professional photographs, weekend viewings and our rigorous tenant selection process.

Fast forward to today and these units now rent for $270/week each, representing an 80% increase in rental income from when Waikato Real Estate first took over the management of these properties.

Ham East Apartments 2 v2

Investor Case Study

A fresh set of eyes can make all the difference

Our team were approached by a private landlord with four units that he was managing himself in Hamilton East. Each 1-bedroom unit was rented out for $150/week, in our opinion slightly below market rent. Despite the low rent, one unit had been abandoned by the tenants and two others were in rental arrears.

Waikato Real Estate took over the management of these units and suggested spending $20k on minor renovations to maximise rental income, whilst targeting higher quality tenants with professional photographs, weekend viewings and our rigorous tenant selection process.

Fast forward to today and these units now rent for $270/week each, representing an 80% increase in rental income from when Waikato Real Estate first took over the management of these properties.

Ham East Apartments 2 v2
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