Flight to Quality
Investors around NZ are increasingly turning to Quinovic’s experienced and professional property management teams following extensive changes to the Residential Tenancies Act (RTA) last October, says Quinovic Managing Director Ross Davey. “While the changes were welcomed by the sector, they have increased landlords’ responsibilities and smart investors are aware that they risk significant penalties for wide-ranging offences under the Act,” says Ross. “They realise it’s more important than ever to choose a well established, reputable management company with good systems and good people. “The RTA amendments have certainly lifted the bar and any
investors attempting DIY portfolio management need, at the very least, to familiarise themselves with the changes and appoint a NZ-based agent if they’re going to be overseas for more than 3 weeks.” Ross says “corner shop” operators may be able to offer budget fees but lack the knowledge, experience and systems needed to safeguard property investments worth hundreds of thousands of dollars. “There’s definitely a ‘flight to quality’ happening out there. “At the very least it’s important to have property managers available round-the-clock, as the Christchurch earthquake showed, and to avoid entrusting your assets to individuals that may have a conflict of interest,” says Ross. “Quinovic is now in its 23rd year as a specialist residential property management company and we ensure our franchise owners are very high calibre individuals who are passionate about property and well informed. We provide national software support for our internal software and have a strong management team of experienced people to provide support
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