Managing Your Residential Rental Property:

The clouds are forming.  Anyone involved with managing residential property needs to understand this.

Housing was a key issue in the recent election and we have a new coalition government.  Changes are definitely coming.  They have indicated that renting will be more stable and healthy for families.  So changes are most definitely coming!

Are you aware of recent past changes to your responsibilities as a landlord?  The big issue last year was smoke alarms and all home/apartments should be meeting the standards.  Make sure you know how this applies to your property.

Changes to the rules about insulation are compulsory from 1 July 2019.  Savvy landlords are looking to meet these standards sooner rather than later.  They know there are only a limited number of quality insulation installers available.

Some landlords have left things to the last moment.  It is likely costs will increase as installers struggle to finish all work by the deadline.

What should you be doing right now?  If you are a first-time landlord make sure you get a Landlord Pack from Tenancy Services.  Under the Residential Tenancies Act 1986 it will tell you:

  • What protections and responsibilities you currently have
  • Tell you how to lodge a bond
  • How to keep track of rental payments
  • How to go about selecting good tenants and what you can do if your tenant breaches tenancy law

Landlords and tenants must both respect “quiet enjoyment.  Are you aware of the responsibilities you have towards your property’s neighbours?  Do you let your tenants know about their responsibilities?

What about your responsibilities for locks, security, repairs and damage?  Experienced landlords would be wise to ensure their practices are up-to-date and robust.

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And then there’s the rental property insurance minefield.  Are you aware of how your insurance policies work and what they cover (and don’t cover).  This includes requirements for regular inspections, detailed property reports and relevant photos.

Moving forward, what can you expect?  Healthy homes are warm and dry.  You need to make sure your rental property is well-ventilated and has heating.  Our view is that over time a heat pump will be the least standard.

A Warrant of Fitness for rental properties will likely soon be essential.  It would cover ventilation, insulation and heating requirements.

Your future options.  The reality of being a landlord is you are running a business with its risks as well as rewards.  Being a landlord is no longer a hobby or part-time job.

At Quinovic Parnell it is our job to keep up with what is happening in all aspects of property management.  Our expertise allows us to help our owners plan ahead and maximise investment return.

Our knowledge and experience allows us to assist our rental property owners mitigate risk
With proven systems in place we check and report on all compliance areas affecting your property and tenants.

Talk to Quinovic Parnell about partnering with us.  We are your specialists in residential property management.  We commit to looking after you and your property with both care and return.

Get in touch with Kerry from Quinovic Parnell today about us managing your Auckland residential property:

Get in touch with Quinovic Property Management Parnell

Rental Properties that Accommodate Pets in Hot Demand

Allowing tenants with pets in your rental property can be a great opportunity for an astute landlord, as long as there are clear rules and boundaries up front.

Quinovic Property Management Parnell can help you to make the correct decisions for tenant and pet selection.

pet friendly rental properties

Some important considerations:

    1. Review your rental property and ensure what you are offering will be suitable for pets, and what type.
    2. Do you have a fully fenced property?  Do you have pet doors?  Do you live on a main road?  Will the home suit inside pets only, or can you cater for both inside/outside dogs/cats?
    3. What are the regulations for your apartment, townhouse or investment home?  Make sure you meet the requirements and know them before you enter into a tenancy agreement.
    4. Tenants and pets both need to be reviewed.  Make sure you check the references of the tenant but also meet the pet (especially dogs) to ensure you are comfortable with how it interacts with the owner.  If you are unsure of the breed of the animal, do your homework to ensure they will be suitable for your home.
    5. Most tenants with pets tend to be very grateful that you are considering them.  They still need to be checked, and you need clear rules around what you will and will not agree to.  You should record these clearly in the tenancy agreement and it should be signed by both parties at the start of the tenancy.
    6. Ask for a photo of the pet for your records, and a reference from someone who knows the animal.
    7. It is very important you have good property condition photos at the beginning of the tenancy, and you do regular inspections and reports to ensure you have robust records of any damage to the property, gardens, furniture etc.  Address issues before tenants leave as the bond may be insufficient to cover damage to carpets or walls from an inside pet.
    8. Marketing of the property should include what you see are the selling points such as secure, fully fenced backyard.  Highlight what would attract a tenant/pet owner, making sure you target what they could be looking for in the rental property.
    9. Be clear about what you are offering and agreeing to before the tenant moves in.  Record everything in the tenancy agreement including number of animals, type, name and whether they are to be inside or outside.  Do your homework!
    10. Get a bond for the property (four weeks minimum).  At Quinovic Parnell we also ask for an additional pet surcharge.  This is payable at the start of the tenancy and recorded in the tenancy agreement.  This covers deodorising of carpets and soft furnishings, and a commercial clean of the property at the end of the tenancy.  Further damage the pet may cause would need to come from the bond if necessary.

Follow the link below to get in touch with Quinovic Parnell about us managing your Auckland rental property:  Quinovic Parnell

The Business of Quinovic Property Management

Largest Specialist Residential Property Management Company in New Zealand

Quinovic Property Management – founded in Wellington in 1988, and the largest specialist residential property management company in New Zealand has 30 franchisees the NZ Herald reported recently.

Quinovic Property Management is a business with a premium brand and potential customer base, and is based on proven systems and processes.

Services include finding suitable tenants for each property;  managing rental collection;  overseeing necessary maintenance work and carrying out regular inspections.

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A lot of business comes from referrals.  Many property investors who were once tenants, and who have experienced Quinovic standards and methods come back after they have purchased their own rental property.

The first Quinovic office was opened in 1988 with the mission to achieve excellence in property management services, backed by first-rate systems and processes.  Since then, Quinovic has developed specialised expertise in managing residential properties, for both home owners moving out of town and residential property investors.

With a professional and technologically-advanced approach, Quinovic has met the demand for quality property management services and is the leading residential property management group in New Zealand.

Get in touch with Kerry Kirwan from Quinovic Parnell today and talk to us about us managing your Auckland rental property:

Quinovic Property Management Parnell

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