Investing in wanganui

[deechnz]

Good on ya Deechnz and thanks for sharing. Some questions for ya: How would you rate your PM and would you recommend them to others, or do you do it yourself? How have your tenants been? Do they hang around or have you been through some changes? Once the railway pulled out all those years ago, Wanganui had the feel of a dying town. How's industry there now? Cheers.

I use Ray White for PM and they have been pretty good over the last 4 years. Currently, the PM there is really onto it and I'd recommend. Tenant turn over isn't too bad. Off the top of my head, I'd say they probably average 2.5y per tenancy across my 8 houses, i.e. a few have probably had 3-4 changes over 4 years, while others have had the same tenant the whole time. I can't comment on the industry in Wanganui. I have heard from my PM that real estate in the region has boomed in the last few years (possibly the Auckland effect)?