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

Why do you want to rent out your residential property?”

Why do you want to rent out your residential property?”

You will have your own specific reasons for wanting to rent out your residential property.  It may be that you are a property investor, or you may just want to rent your family home while you’re overseas. Your motive could be to create a legacy for your family, a retirement “nest-egg”, a vehicle for financial leverage, or just to have your home looked after and costs recovered.

Whatever your motive, you will need to consider your property rental as a business. The first “rule of thumb” in any healthy business is to keep costs down. This can be achieved by reducing maintenance costs, minimizing vacancies and having no arrears of rent. Secondly, income must be maximised. Rentals should be received by you as soon as they are paid by tenants; your rents should be properly reviewed on a regular basis to ensure that a fair return is being achieved on the investment. This will have the effect of maximising your returns and cashflow. A third consideration for any successful business owner is accountability and reporting. You should have access to financial transactions online in the same way that you are able to access information from your bank or other financial institution. This speeds up the decision-making process. Fourthly, profitable businesses rely on reducing risks immediately. This is achieved by being able to access specialist advice at short notice e.g. on the Residential Tenancies Act or any other legal advice from professionals who are only a phone call away. Detailed photographs of the property, accurate lists of chattels and regular inspection reporting will resolve any problems which could arise between landlord and tenant. Prompt advertising of the property well in advance of the current tenants leaving ensures that the you don’t suffer from loss of rentals due to vacancies.

 At Quinovic Parnell we treat all of the properties that we manage as individual businesses and we strive to achieve all of the four criteria above to maximise your profits, and minimise your costs and risks. In addition, we ensure that your “business results” are communicated in a timely and accurate manner so that you will feel comfortable that your property investment business is being watched and monitored very carefully.

Call Quinovic Parnell today on 09 373 4353 or email enquiries@quinovic -parnell.co.nz

for a complimentary rental app raisal of your property.