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Stephen Dallow: How to choose your next property manager

When it comes to looking after yourself, you should always choose a great doctor who is up to date with the latest medical treatments, a fantastic dentist who can make sure your smile looks amazing for as long as possible and often at the top of a list is a hairdresser that you totally trust. Then it is making sure you have the right insurance cover to protect you and your family. So ...
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{{name}} - APIA Auckland Property Investors

Who can receive rent?

This week's question comes from Jae (paraphrased): I live in Korea and own an Auckland rental property. My son lives in Auckland. Can he, on my behalf, sign a property management authority with a property manager and receive rent as his income? Katrina O'Connor from Barfoot & Thompson kindly responds below: Your son would be able to complete and sign a property management au...
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{{name}} - APIA Auckland Property Investors

Tips to navigate the post-letting fee world

*Note that for the purpose of this article we will distinguish ‘letting’ from that of ‘property management’ as understood in the New Zealand context. From 12th December, letting fees will be 'abolished'. By now, you should have received communications from your property manager explaining if and how you will be affected. Many have already advised their new fee structures to help th...
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{{name}} - APIA Auckland Property Investors

Get ready for summer!

We've got together with some of our good friends to bring you a list of summer landlord tips. Take a look: Dean Larritt, Maintain To Profit Minimise the need for emergency repairs over the summer. Check that all of your rentals are secure by giving the door- and window- locks a once-over before you head off on holiday. Ron Goodwin December/January are typically high-churn m...
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{{name}} - APIA Auckland Property Investors

5 not-so-obvious tips from obviously experienced landlords

Landlording is not rocket science but experience and attention to detail count a great deal. Here are five not-so-obvious tips experienced APIA landlords have to share with newbies: Tip 1: Find your inner Ebenesa Every landlord lives with this constant tug-o-war between our inner Ebenezer Scrooge and Mother Theresa. On the one hand, you are a property investor, and profit matters...
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{{name}} - APIA Auckland Property Investors

Tips on collecting and handling your tenant's personal information

Landlords should not be at ease in light of recent reports characterising the Auckland rental market as being under significant demand pressure. Your applicant base expanding does not make it easier for you to find your next tenant. In fact, it should mean quite the opposite. Now is as good a time as any for all landlords and letting agents to review your vetting process an...
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{{name}} - APIA Auckland Property Investors

Pi$$ing dogs and a pot of oil: Where we are at with Holler v Osaki

In 2009, Mrs. Osaki left the pot of boiling oil on the stove, left the kitchen, and soon forgot about it. Her absent-mindedness not only led to significant fire destruction of the (rented) property but also set off a chain of judicial events that culminated in the controversial Court of Appeal judgment Holler & Rouse v Osaki & Anor [2016] NZCA 130 [15 April 2016] -...
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{{name}} - APIA Auckland Property Investors

Health & safety post April 2016 - FAQ for landlords

The Health and Safety at Work Act came into effect on the 4th of April 2016 leaving the landlord/property management community with a lot of anxious questions. APIA Vice President Peter Lewis attended last night's HSWA training workshop presented by Worksafe New Zealand and shares the following information: Related article: Get ready. HSWA goes live soon. Q: Does the HSWA apply t...
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{{name}} - APIA Auckland Property Investors

The best piece of advice you will ever receive as a landlord

Have you ever wondered why is it that tenants get away with not paying rent but landlords dare not miss any mortgage repayments? Why is it that some tenants would prioritise making car lease payments over rent? While there are many lessons we can learn from traditional businesses, such as banks and leasing companies, immediate consequence has to be at the top of that list. As human be...
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{{name}} - APIA Auckland Property Investors

What is fair wear and tear?

Unlike most commercial leases which can require tenants to leave the property as they found it, residential landlords are expected to inherit fair wear and tear by the tenants at our own costs. It goes without saying that there is a very fine line between fair wear and tear and what constitutes damages. Understandably both parties to a residential tenancy have good reasons to take a diagram...
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