Tag Archives | rental properties

Tenant Fined Sets Precedent

Tenants need to know they are now on notice regarding smoke alarms. The Tenancy Tribunal fined a Hamilton tenant for tampering with smoke alarms this month setting a new case-law precedent for future cases. Landlords and property managers have taken notice of this outcome and it can be said the Residential Tenancy Amendments Act 2016 (RTAA) effective 1 July 2016 is now very much part of Tenancy Tribunal legislation ‘tool-kit’.

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Weekly Rents Holding Steady

Statistics suggest Landlords are not increasing rents unrealistically. While there was a flurry of activity at the end of 2014 and the being of 2015, the past five months have seen only small increases in weekly rents. The Trade Me Rental Price Index is a reliable guide of weekly rent price variation due to it’s monopoly status as the primary channel utilised by property managers and private landlords for marketing rental properties.

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Lifestyle Renters

Renting is a choice for many people who just don’t want the hassles of homeownership and their lifestyle doesn’t suit it. There is a rise in single households too, so owning the kiwi dream of a typical three bed standalone in suburbia is not on their radar now nor any time in the future.

There are professions that require extensive travel and with today’s global economy people are a lot more transient, moving cities, countries at very short notice.

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Stake Property Rentals Grows Quickly

Stake Property’s other property businesses (homes for sale and property renovations) bring Shaun and Karen into contact with property owners looking for rental management services on a daily basis so after some deliberation and much persuasion from some very persistent owners, Stake Property Rentals incorporated and took on what is now a very stable and growing client base.

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