Build to Rent (BTR) is all about creating homes specifically for renting, not selling. These properties are owned by big investors and managed by pros. For property investors, BTR is a smart move. Propertyscouts can help manage your BTR development, taking care of everything from tenant screening to maintenance, ensuring your investment pays off.
What is 'Build to Rent?'
Build to Rent (BTR) is a fresh and innovative approach to real estate where properties are designed and built specifically for renting rather than selling. These developments are typically owned by large investors and managed by professional property management companies. The aim is to offer top-notch, long-term rental homes that provide flexibility, modern amenities, and a strong sense of community for tenants.
Already popular abroad, New Zealand is just starting to catch up. There are currently 850 BTR developments currently under construction nationwide, with over 3000 in the pipeline.
If you're a property investor, Build to Rent should definitely be on your radar.
There's a steady demand for rental homes right now, as more people look for flexible living options. With rising property prices and economic uncertainties, BTR is emerging as a high-yield investment opportunity. It offers you stable and predictable rental income, lower vacancy rates, and a chance to diversify your real estate portfolio. Plus, it's a great way to meet the growing demand for quality rental housing.
Why Choose Propertyscouts?
When it comes to managing your Build to Rent development, Propertyscouts is the partner you need.
We have a solid reputation in the market and a proven track record of achieving high occupancy rates. Our secret? We know how to attract and retain the right tenants with our effective marketing and strong tenant relationships. From tenant screening and lease agreements to maintenance and rent collection, we handle the entire tenancy process for you. With Propertyscouts, you can relax knowing your investment is in expert hands, delivering the returns you expect and deserve.
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Customised Plans for Your BTR Rental Management
We create management plans tailored to the unique needs of your build to rent properties, ensuring optimal performance and satisfaction.
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Track Record for High Occupancy Rates
Our strategies and marketing techniques have consistently delivered high occupancy rates, keeping your developments filled and profitable.
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Thorough Tenant Screening
We use rigorous screening processes to find the right tenants for your apartments, ensuring a reliable and harmonious community.
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Expert Advice for Multi-Unit Developments
Navigate the complexities of multi-unit developments with confidence, backed by our extensive expertise and guidance.
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Owner Operated - We've Got Skin in the Game
As owner-operators, we're personally invested in the success of your developments, providing a level of dedication and care that sets us apart.
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Property Management and Investment Experts
Beyond property management, we support your ongoing investor journey with insights and strategies to maximise your returns.
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Legal Expertise
Our property managers are well-trained in property law, ensuring your developments are managed in full compliance with all regulations.
My company chose Propertyscouts to manage some newly built apartments based on a recommendation from my business associate who praised Ryan Weir's expertise. Despite initial doubts about their claims of high occupancy and rental appraisal, the company took a chance. Surprisingly, they not only achieved 100% occupancy within a month but also secured a rental $50k higher than expected. My company would confidently recommend Propertyscouts for their exceptional results.
- Eastern Suburbs Apartment Owner
Legislative Incentives for Build To Rent
New Zealand is late to the play for BTR developments. Our Government has acknowledged this, with a variety of legislative changes in the works aimed at bolstering the build-to-rent industry.
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1.
Streamlining Development Processes
The government is prioritising urban growth by streamlining development processes. The National Policy Statement of Urban Development, for example, was introduced to remove barriers development in metropolitan areas.
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2.
Easier Overseas Investment
In order to boost housing supply, our current Government is aware that allowing overseas investment in build to rent is crucial. As a result, amendments to the Overseas Investment Act will streamline the BTR consent process for offshore investors.
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3.
Exemption from Interest Limitation
Buildings with 20 or more dwellings on a single block may be entitled to apply for an exclusion from interest limitation rules. This is aimed at encouraging build to rent developments. For further info on eligibility, head to IRDs website.
