More on Rent Arrears…

Having written last week on “How to Achieve Zero Rent arrears” I was amazed to discover two friends whose rental properties had fallen into serious arrears while being managed supposedly by professional property managers. Sadly we hear the same story time and time again so this was just another example (two more actually) Why would any landlord accept tenants who fall behind in their rent payments. Well example number 1. Owner of a very nice 5 bedroom home under-rented, managed by a property manager who was under resourced to cope with the business, did no inspections in a year, did not review the rents and allowed rent to be in arrears to the tune of $9000?? The question is why? Why does an owner put up with it? They said they didn’t want to lose the tenant in case they couldn’t find another one?? But worse still, they didn’t want to terminate the agreement with the property manager because the property manager was a friend and was cheap!!  Example number 2. Property investor with several rental properties, some managed by property management company and some self managed.  The self managed properties lost $16,000 in rent arrears in one year? Why? The investor could not be bothered to check his bank statements nor did he review rents or inspect the properties. Needless to say we will be offering to turn the situation around in both cases including chasing the rental arrears. As a property investor myself and owner of Quinovic Property Management Parnell I know there is a better way. Contact us Mary Vinsen or David Vinsen and have your property or properties managed professionally.

Question Nine of 9 Questions To Ask When Choosing A Property Manager.

9  Questions to ask when choosing a property manager

(The questions they don’t want you to ask!)

Question nine:  Do you have a Residential Tenancies Act legal specialist on call?

 The new Residential Tenancies Act imposes strict conditions on owners, and tenants have never had easier access to free information and advice to help them understand their rights than they have now. The Tenancy Tribunal may impose orders amounting to tens of thousands of dollars and like any dispute process having the best legal advice puts you in the best possible position. Quinovic Property Management retains the services of one of New Zealand’s foremost Residential Tenancies Act specialist lawyers.

We engage this specialist whenever it appears prudent to do so, protecting your interests.

 Quinovic Parnell are residential property management specialists; that’s all we do. We’ve been in business since 1988, and have offices throughout New Zealand. Quinovic Parnell  provides the security and experience of a nationwide specialist business, with the accountability of a local owner-operated office.

Contact us today for a rental appraisal and management proposal.  We consider all assignments for long term rental property management, whether you have one rental property, an apartment block, or several rental properties. Going overseas and  looking for a property manager to look after your property asset? Property investor looking for a rental property manager?

David Vinsen & Mary Vinsen  Quinovic Parnell. We manage rental properties in Parnell, rental properties in Auckland City, rental properties in Central Auckland, rental properties in Remuera, rental properties in Eastern Bays, rental propeties in Dannemora, Botany Downs to name a few areas.

www.propertiesrental.co.nz

 http://quinovic.co.nz/Site/Contact/PA/PA.aspx

Question Eight of 9 Questions to ask when choosing a property manager.

9  Questions to ask when choosing a property manager

(The questions they don’t want you to ask!)

Question eight:  Can current financial information be checked online at any time?

 Many property management firms will report only monthly, once they’ve paid the rent to the owner. Many rental property financial statements do not provide detailed information. This can make it difficult to plan rental cashflows or simply to check on past transactions. It’s your money, so you deserve access to information regarding it when you desire.

Quinovic provides detailed and up-to-the minute financial reporting on a secure client-access area on our website. This is not simply a collection of previous financial reports, but is like internet banking reporting, allowing you to view all transactions between selected dates. You can do this 24hours per day, 375 days per year. Quinovic clients are better informed and more in control of the financial details relating to their property.

Contact us today for a rental appraisal and management proposal.  We consider all assignments for long term rental property management, whether you have one rental property, an apartment block, or several rental properties. Going overseas and  looking for a property manager to look after your property asset?

David Vinsen & Mary Vinsen  Quinovic Parnell. We manage properties in Auckland, Central Auckland, Parnell, Remuera, Eastern Bays, Dannemora, Botany Downs to name a few areas.

www.propertiesrental.co.nz

 http://quinovic.co.nz/Site/Contact/PA/PA.aspx