The landlord/tenant dynamic is rarely smooth, even at its best. But the COVID-related rental freezes in 2020 further divided relations and opinion.
Getting your head around the ins and outs of property investment isn’t easy, especially with all those head-scratching terms you hear in the business. But never fear! Here’s a list in “plain English” list to help you find your way around all these jargons.
Finding a great property manager is crucial to the investment game. You can be a first-time investor or a property portfolio pro but either way, you want your manager to treat your rental investment as if it’s their own – and that’s just for starters.
You’re a nervous first-time landlord or you’re a pro investor to whom rentals are old hat. Either way, it never hurts to learn more about landlord ups and downs.
You’ve just bought an investment property and excitement and anticipation is high. But with your short-term bank balance possibly in the red, you may be tempted to disregard landlord insurance. On the other hand, you’ve bought this property to enjoy greater financial security, so why risk not having extra cash protection?
The healthy homes standards came into effect on 1 July, 2019, outlining the responsibilities of landlords or rental property owners in improving and maintaining the quality of their property. While the standards help to ensure better and healthier homes for New Zealand renters, it can be a lot of work for landlords in the short-term. However, investing in making your property healthy now means less maintenance in the long run.
The services that we, as real estate agents, provide when managing your rental property aren’t just convenient for you as a property owner, they’re also very valuable. Renting out a property requires a high level of commitment and a lot of work. Here are some of the value-adds you can get by having a real estate agent manage your rental property.
Is it worth spending the time and money to get a strata inspection report before you make an offer on a property? We explain why a small investment in a strata inspection report could give you a lot of peace of mind.
A sinking fund is an essential pool of money established by the owners’ corporations to cover the costs of future maintenance expenses of a strata building. In a strata building, such as a block of apartments, there are a range of expenses which include the repairs and renovations to common areas that need to be planned for. The costs of these works cannot be imposed on any one property owner alone.
You’ve heard of a strata manager, but what do they actually take responsibility for? And is their role the same as that of a property manager? While they might be similar, strata managers actually have a very complex role to play in managing a block of properties.