APIA Blog

RSS Feed

How to streamline Watercare admin?

Friday, January 11, 2019

 

This week's question comes from Glen (paraphrased): 

Our property management company has advised that we have to keep our rental's Watercare account in our own name because we are still responsible for the fixed-charge. Is that correct? Isn't that a lot of extra hassle now that we have to collect variable charges from tenants? 

Our response: 

Your property manager is quite correct insofar as the bills having to be written out to you rather than to your tenant. It is not so much that you are responsible for the fixed-charge but that you are, in fact, responsible for the whole bill (fixed and variable charges). 

That said, S39(3) of the Residential Tenancies Act provides some relief. It mandates that '[t]he tenant is responsible for all outgoings in respect of the premises that are exclusively attributable to the tenant’s occupation of the premises or to the tenant’s use of the facilities.' So long as each tenancy has its own water meter, you are entitled to recover 100% of the monthly variable charge from your tenant. 

Clunky and not ideal. We know. We will continue to lobby a more sensible outcome in this area by working with Watercare. Watch this space.

In the meantime, and as a result of the lobbying work we have undertaken so far, there are a couple of things you can do to make your life easier as a landlord: 

  1. Opt into paying your annual fixed-charge upfront and in one lump sum. Instructions here
  2. Set your tenant up as an 'authorised tenant' on the account. Instructions here

 

By doing both, you will pay the fixed-charge once a year, dispense with the need to 'split out' 12 monthly bills and have the monthly usage bill (still in your name) sent directly to your authorised tenant. From there it is a simple matter of arranging for your tenant to open the bill and pay on time. 

Are you still, ultimately, responsible for all the bills on the account? Yes, but this certainly streamlines the process somewhat. 

Take a look at this video if you prefer to pay the fixed-charge monthly and are not fussed about splitting 12 bills a year. 

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


Tags

Landlording lvr return worksafe maintenance buying Investor story property value Question and answer scotney williams building property management ocr Standards New Zealand interest only bond landlord subdivision Q&A rta initio education CoreLogic financial advisers act advice bad tenant market letting fee Jeff Bezos election 2017 p lab parry v inglis anz Sponsored post letting LIM positive cash flow bond form watercare insulation auckland council How to investment strategy tenant management asbestos CCC heating unitary plan renovation capital gain Market report partners privacy short-term rental first home buying gluckman report minor dwelling development tenancy tribunal productivity income Kris Pedersen Mortgages and Insurance buyer's agent property maintenance Property (Relationships) Act investor ird house prices negotiation trademe airbnb insurance property cycle ask an expert equity government rent cash-flow principal and interest Guest blog structure market rent tax ring-fencing sale and purchase HSWA housing bubble Investment tip rent arrears debt enforcement speculator reserve bank business television property tenancy issues mortgage HHGA legal DTI wealth creation finance warm up new zealand trust warren buffett rta reform sublease personal growth Must know interest rates Editor's Choice water bill Holler rental wof auckland housing affordability holiday house meth contamination off the plan Must knows tenancy services robert kiyosaki beginner investor nzpif rental market buying rules relationship sale and purchas banking

Archive

Introducing Our Partners
Principal Sponsor - Kris Pedersen Mortgages & Insurance logo Gold Sponsor - Barfoot & Thompson logo Gold Sponsor - CoreLogic logo Keith Hay Homes logo Maintain To Profit logo The Insulation Warehouse logo The New Zealand Property Investors' Federation logo
09 360 2376
info@apia.org.nz

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