Having managed thousands of houses in Auckland, our property managers have seen everything. We believe there are few things that would surprise any experienced property managers that happen in or to properties.

In the current stage of the property boom, almost every listed property is going for auction resulting in many buyers not having the opportunity to conduct proper building inspections.

It may not be necessary for experienced investors not to do building inspections, and the main reasons could be:

1. Strong financial position to hedge any risks;
2. Have enough experience to judge whether the house will have potential major problems.

However, for first-time property investors who lack experience in general, buying a problematic property can be financially crippling.  
With this issue in mind, we invited David Wang, a senior property and building inspector from David Property Inspections Ltd , to share with us what to look out for when buying an investment property. [Continue Reading]

The Residential Tenancies Amendments Act 2020 is set to have a significant impact on a landlord’s responsibilities and on the way they must operate their tenancies. The changes will implement almost 100 new amendments to the existing Residential Tenancies Act – and it’s crucial that landlords are across them all.

These new rules will future proof our changing rental market as we continue to see increasing demand for rental properties and longer-term tenancies.

The good news is that the changes are entirely manageable, and will ultimately create the framework for a more secure renting environment for landlords and tenants alike.

Security of rental tenure – The provision allowing landlords to terminate a tenancy without cause, by providing 90 days’ notice, will no longer apply. New termination grounds will be available to landlords under a periodic tenancy and the required notice time frames have also changed.

Key examples of this are, but are not limited to:
• 14 days’ notice
The tenant physically assaults the landlord or family member.
• 63 days’ notice
The landlord or their family member requires the property to live in.
• 90 days’ notice
The landlord intends to put the property on the market for sale as vacant.
The property has been sold with a requirement of vacant possession.
The landlord intends to carry out extensive renovations at the property.
The property is to be demolished.

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Even though 2020 is such a strange year of epidemic, the real estate market in Auckland is super strong! 

Many property investors are active in the market and there are many rented properties that are also selling well on the market.

Many investors do wonder if they can sell their tenanted property successfully without much trouble from the tenants.

The answer is yes!

If you’re thinking about selling a tenanted property, you’ll need to decide whether to give your tenants notice before the sale starts, so you’re selling a vacant home, or allow them to stay so you’re selling a property with tenants.

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New changes to the Residential Tenancies Act were passed last month. The Parliament passed the Residential Tenancies Amendment Bill on 5 August 2020. Royal Assent is to be received soon and the Bill will pass into law six months after that.

How much restrictions does this bill bring to landlords? ? Do you know everything that needs to be known about this bill?[Continue Reading]

Below are 3 quiz questions about the “Healthy Homes Standards”, and if you can answer all of them correctly, you are clearly on top of your game and there is no need to read this article!

If you cannot answer all of the questions correctly, please read through the article! Landlords do not have much time to prepare for Healthy Homes Standards!

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How many unique statements outlining different sets of information are now required to be in all new or varied tenancy agreements?

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