When you're self-managing a property it can seem like the list of jobs just keeps growing. From leaking showers to gutter cleaning it can seem like there are not enough hours in the day. And if you're not staying on top of all the small jobs then the risk of a massive job suddenly rearing its ugly head becomes more and more likely by the year.
The Healthy Homes legislation has been released by the government and aims to increase the quality of rental accommodation across New Zealand. It is doing so by making certain standards a minimum legal requirement for landlords to meet. The properties we manage are all now insulated making them compliant to the standard required at this point of time, but we wanted to share the updated standards that all rentals must meet so that anyone managing their own rental has the information needed to ensure they comply with the new laws before the deadlines.
Many people self-manage their rental properties as it can be seen as expensive to use a property manager. After all, giving someone else a slice of your monthly income doesn't seem worth the loss. Yet, on the other side of the fence there are dozens of people that swear by their property manager. So why is there such a divide?
On the surface the objections seem obvious. They cost money and what do they do that a diligent owner doesn't do already? In this article we'll showcase the top 5 reasons why property owners use a property manager. And instead of us explaining the reasons, we'll use them to tell you in their own words.
There may come a time in your life where you need to access additional cash (money) relatively quickly, without having to wait lengthy loan approval times or you may simply want to have the comfort and reassurance of cash in the bank ‘so to speak’, without having cash in your bank.
Topics: property investing
Taranaki is a unique region with boundless potential. Not only does it have a growing economy but it offers one of the best lifestyles available in New Zealand. Combine its small ski-field with the rolling west coast surf, and almost every board sport is covered. From tramping the many tracks around the iconic mountain to enjoying galleries, coffee shops and festivals, Taranaki really has something for everyone.
Property investing has long been a mainstream investment strategy for both novices and experts alike. Yet, as rewarding and effective as property can be as an investment, there are some pitfalls that are unfortunately all too common. These can render investments potentially ineffective, if not costly. Here are a few key areas to consider before buying a property, making offers or signing on the dotted line.
The tenant/s have just vacated your investment property. The property manager has a copy of the original condition report or video (the only legal evidence that can be taken into consideration to release the bond) and attends the property to undertake the final inspection.
Renting out your home while abroad is a cost-effective way to bring in extra income while making sure your home is being cared for at the same time. Being both an expat and a landlord can be a tricky situation to be in, especially if things were to go pear shaped.
We often hear horror stories in the news and amongst our peers about tenants trashing what used to be a well looked after family home. Trying to deal with any dramas while you're in a different timezone can also be tricky, and do you really want to leave the responsibility to friends or family?