FAKE News? Even the Rental Market isn’t Immune

Do you believe everything you read about the Auckland rental property market?  It might be correct, but could be out of date, incorrect, or even worse – it could be fake news!
 
We have all seen the attention-grabbing headlines.  Here are some recent samples:
  • Landlords worried as government moves on compulsory heating in rental properties
  • It was like being in a coffin – Aucklander shares experience renting in NZ’s most expensive city
  • Landlords welcome new meth report: money on problem that doesn’t exist
  • Property predictions for 2018
  • Meth-testing in homes – don’t bother
  • Rental home heating regulations should be in force
  • $1.3 million spent on meth clean up in state houses – just $3,000 on mould
  • What’s squeezing the life out of New Zealand’s rental market?
  • Landlords reveal why your rent is rising
  • Buying property for the short-term rental market
So how do you sort out what might be accurate or truthful, and what might apply to your own situation?
 
For example:
  • Did you know the rental market slows down at certain times of the year?  This affects the time it takes to rent properties and rental returns. It can vary from city to city.
  • Do you know what the rental market is doing right now, suburb by suburb, or city by city?
  • Are queues of prospective tenants a myth or reality for Auckland? Or does tenant interest vary according to location, and the type of property you are trying to rent?
  • Do you know about legislative changes affecting rental properties that come into law on 4 April 2018?
  • Do you know about changes to the law for rental properties that will be compulsory from 1 July 2019?
  • Do you know what these new laws are and how they apply?  Or are you relying on what’s been speculated in, or even relatively ignored by the media?  Do you understand how these changes will affect you and your property?
  • Are you aware of what a PCBU is, and how this affects you and your rental property?  Landlords, property managers and tenants all have obligations to discharge as PCBUs. (A person conducting a business or undertaking).
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By not knowing, you risk significant fines for non-compliance.  With the correct information you can significantly enhance your returns or find great tenants quicker.
 
Get in touch with the experts in Auckland property management.  Quinovic Property Management specialises in managing residential rental properties.  We have been managing properties for over 30 years and know the rental market inside and out.  It’s all we do.   With a nationwide network of 34 offices, 180+ staff, an in-house property lawyer, and thousands of properties under management – you can see why.
 

Our Free Offer to You

At Quinovic Parnell we are offering to give you free, up to date, accurate, informed and customised information;  relevant to you.  If there are enough people wanting the same information, we will publish the questions and answers.
 
Follow the link below to get in touch with Quinovic Property Management Parnell, Auckland:
 

Some Facts About Meth Testing of Rental Properties

Methamphetamine and other drugs are becoming an increasing problem for rental properties.  Alarmed?  We explain why you shouldn’t be.

Quinovic Property Management Parnell has a policy in place to help manage this threat on behalf of rental property owners.

Why you should test for methamphetamine before each tenancy

  1. We test 2 to 4 days before a tenancy starts.  This creates a baseline for future tests.
  2. It is the landlord’s responsibility to provide a clean, tidy and safe home for their tenants.  Completing the test meets tenancy law requirements.
  3. If you fail to test before a tenancy, you could find it difficult to prove contamination was due to the current tenant.
  4. The rental property becomes uninhabitable if contamination is found during a tenancy. The tenancy must end immediately.
  5. As a landlord, you are not responsible to supply alternative accommodation. It’s always good to help if you can.
  6. If a tenant can prove the rental property was contaminated before their arrival, they may apply to the Tenancy Tribunal for a refund of all rent paid. This has occurred more than once in New Zealand.
We don’t wish to frighten anyone off from being a landlord. Engage the professional services of Quinovic Property Management Parnell today. We will ensure you meet your legal responsibilities.
Follow the link below and get in touch with Kerry Kirwan to discuss us managing your Auckland rental property: