RSS Feed

How to deal with inherited tenants?

Monday, February 24, 2020

This week's question comes from Joe:  

I am about to settle on a property with an existing tenancy. Should I let the tenants stay?

Barfoot & Thompson Property Manager Max Cameron shares his view: 

'Its a bit of a complicated question, as it depends largely on the type of the property and what the current tenants are like. Chat with the current owner or Property Manager to ascertain whether the tenant is someone that should be kept and whether rent is paid on time and the house looked after.

In some ways, it is better, in my opinion, to start 'fresh' as it gives you an opportunity to do some work on the property such as Healthy Home requirements or renovations. It also means you will have the opportunity to look at the market rent and whether you could find a new tenant at a different rent level. You would also have an opportunity to select the tenant.
If you take over an existing tenant, you do take over some of history and 'baggage'. Although I would say, if you do have a fully compliant property and its clear the tenant is good, then I would feel comfortable keeping them on. It really is a case by case situation.'

When's the last time you've had your rents market assessed? Click here to get a free rental appraisal by Max

Do you have any tenancy related questions? Write to us at admin@apia.org.nz or hit us up on our social channels here and here

Recent Posts


Property (Relationships) Act trust property management insulation skill shortage warm up new zealand speculator finance water bill Investor story commerce commission renovation maintenance lvr Investment tip reserve bank mindset sale and purchas Must know auckland council rent election2020 partners investor housing affordability opes partners Level 4 Case study RBNZ rental wof holiday house property apprentice minor dwelling bad tenant sale and purchase Landlording equity Jeff Bezos nzpif market tenancy tribunal bond cat buyer's agent fixed-term tenancy beginner investor off the plan Market report termination CCC capital gain short-term rental education CoreLogic LIM buying rules rent increase p lab ventilation management warren buffett property cycle ask an expert government buying tax asbestos rental market wealth creation letting fee principal and interest advice DTI tenant winz yield rta productivity Must knows unitary plan insurance data security tenancy services boarding house HSWA barfoot and thompson wins rent arrears investment strategy heater anz smoke alarm recycling equity Q&A How to HHGA Tribunal case study re agent Sponsored post Editor's Choice property value development first home buying interest rates sublease interest only debt enforcement property Holler khh covid-19 will income kiwibuild trademe ird landlord banking election 2017 subdivision Standards New Zealand rta reform cgt Gluckman tenancy issues cash-flow Question and answer positive cash flow parry v inglis building financial advisers act anti-social behaviour relationship return scotney williams watercare personal growth meth contamination Kris Pedersen Mortgages and Insurance ring-fencing negotiation initio airbnb robert kiyosaki TCIT Guest blog ocr rtaa2020 meth clnz letting house prices HHS legal heating twg report RTAA 2019 auckland privacy extractor fan worksafe shower dome bond form business television market rent trespass gluckman report inspection early termination mortgage housing bubble damage property maintenance structure


Introducing Our Partners
Principal Sponsor - Kris Pedersen Mortgages & Insurance logo Gold Sponsor - Barfoot & Thompson logo Gold Sponsor - CoreLogic logo Property Apprentice logo The Insulation Warehouse logo The Renovation Team logo The New Zealand Property Investors' Federation logo
09 360 2376

The Tenancy Practice Service and TPS Credit Control work closely with the Auckland Property Investors' Association. Our vision of bringing helpful resources, documents and high quality services to Auckland Property Investors and Property Managers is shared by APIA, so its a partnership that works well. 

The Auckland Property Investors' Association is a great organisation for those who want access to advice and information from a range of industry experts and partners. 

Mathieu Holt- Managing Director, The Tenancy Practice Service & TPS Credit Control
Through the Association I found the channels and methods to fund the purchase of property I never dreamed about. Grant Brown

All round it has been one of those things Neil and I felt was really worthwhile belonging to. We have learned so much it has just built our confidence in what we are doing.

Janice Bieleski
I read two articles in the monthly magazine that saved me over $5,000. That is my membership fee for the next 26 years and I am sure I will learn a whole lot more! John Duncan
Fantastic organisation. The networking opportunities are brilliant and provide us with information and opportunities that cannot be obtained anywhere else. We learn something new at every meeting and we've been in this game for nearly 20 years. Pauline and Gyanen Kumar

I find the information obtained from various APIA meetings very useful in guiding my own property investment and rental management.  I also enjoy the networking opportunities with like-minded investors.  I am inspired by other investors’ success and find the more experiences and knowledge that I share with others, the more confident I become.  

Thanks to all APIA event organizers and administrators for your brilliant work. 

Stella Shao

I like talking to people and learning from their experience because it gives me the confidence to invest well. I think it is a knowledge thing. I now know I am doing things the right way.

Stephen Weatherall

My APIA membership has become a total success.

Every time I attend a monthly or regional meeting I come away with so many useful and positive tips that have added value to my property investments and management.

Not only that, the website is a great place for practical advice and useful information. It has now evolved into an important resource for my business.

Talk about value for money! The discounts I have been getting at Bunnings when I present my APIA membership card have more than paid for my annual subscription!

Tim Duffett, Plan A Investments Limited