How scary is the new ring-fencing legislation? Well, just ask any property investor, most of whom are ma and pa investors with less than three rental properties and they’ll tell you it’s outright frightening. They are the investors, most likely to be among the 116,000 already declaring a loss on their properties and times look […]
Tag Archives | landlords
The question being asked in the discussion forums of PropertyTalk.com right now is – “In 2018 will Landlords flee the market in droves due to rules and regulations changes like the Healthy Homes Guarantee Bill and Labour’s desire to end tax breaks for Landlords and Property Investors or will the y be resolute and hang […]
December has arrived and while this article has a serious side, for a bit of fun we’ve included a couple of links we believe you’ll enjoy. Landlords are nervous and some are wondering about the future of property investment in New Zealand and if it’s right for them in 2018. There’s definite cause for their […]
Globally, New Zealand has the highest rate of Methamphetamine use per head of population. Due to this reality, meth testing services are popular throughout the country. As a landlord you must be knowledgeable of meth testing protocol and tenant rights – or risk being stung with a sizeable bill! Meth testing is imperative between tenancies […]
Landlords with rental property in Auckland have shown their restraint over the past couple years according to Trade Me’s Rent Price Index. This is big news but don’t expect it to be broadcasted in mainstream media any time soon. Bad news not only travels fast, it also gets more reads, clicks and comments so why pay a Journalist to write a feel good story for our Landlords? Therefore you’re probably hearing this news from us first! Most landlords are not greedy and they’re not hiking up rents.
The countdown is on for landlords and their rental properties compliance with the Residential Tenancies Amendment Act 2016. Insulation is compulsory in all rental properties by 1 July 2019. Landlords have been working closely with their property managers over the past couple of year stating the condition of insulation in their properties on every new tenancy agreement and properties that are under-insulated will need a top up within the next couple of years.
Compliance with the Residential Tenancies (Smoke Alarms and Insulation) Regulations 2016 required Landlords declare the state of the insulation in their rental properties and now the countdown is on to make sure their properties comply with the new insulation requirements by July 2019.
New Zealand will soon see the rise of a new auction site for renters. Just in on stuff.co.nz Rentberry has confirmed they will be launching here and in Australia. The online service offers renters the opportunity to bid for rental properties. Landlords set the ‘reserve’ or rent level they hope will generate lots of prospective tenants interest and then the bidding war takes off.
Weekly rents rose just 4.8 percent in the twelve months to July 2016 according to Trade Me Rent Price Index. Tenants will be relieved Landlords are being realistic and not keen on hiking rents arbitrarily. Property sales have slowed and the average asking price has dropped significantly up ten percent since July 2015.
Meth contamination is a big threat to rental properties as it’s popularity grows. Clean up costs are in the tens of thousands and investor experiences with contamination are now on PropertyTalk.com including this discussion: Meth testing between tenancies which has nearly clocked up 20,000 views in just nine weeks.
In the media a couple of reliable sources confirm rent increases have not risen alot over the last twelve months – so where are the greedy Landlords? Property sales and prices continue to forge ahead with gusto while rents remain static thus widening the gap between sales and rents according to the latest Trade Me Property Rental Index.
Landlords may soon be required to test for Meth use in their rental properties in-between tenancies as part of the new Health and Safety at Work Act 2015. The reported rise in P-contaminated houses is somewhat alarming insofar as the clean up costs are in the tens of thousands, plus residing in a meth contaminated environment can have negative health implications.