News

Compliance Warning for All Landlords

February 2, 2018
In late November 2017, Andrew King, executive officer for The New Zealand Property Investors Federation (NZPIF), warned landlords to check the legality of their investment properties. The warning followed a Tenancy Tribunal ruling in April 2017, instructing Dunedin landlord, Vic Inglis to repay nearly $11,000 in rent to his tenant, Natalie Parry, after it was discovered his property contained unconsented work during Parry’s tenancy. Judge Kevin Phillips later overturned the ruling – which was based on a 2013 High Court...

Do you have the financial sense to be a landlord?

January 9, 2018
In July of 2017 we posed the question – would you make a good landlord? We talked about the practical demands placed on a typical landlord to help you assess your suitability. Today we’re going to concentrate on the financial side of the equation, delving into the monetary pros and cons of owning a rental property. Higher leverage than other asset classes Perhaps the most obvious financial positive to becoming a landlord is the lower investment required when compared to other...

Can Minimalism Help You Buy Your First Home?

December 4, 2017
The latest buzzword in the stream of idealistic, modern trends is minimalism. Not the 1950s art movement, but the act of reducing the physical and emotional clutter in our homes and lives for a happier existence. The pillar of the minimalism mindset is rethinking what you truly value and what you really need to lead a meaningful life. Can this mental trimming of the fat change our approach to house hunting and help first time buyers find ‘home’ sooner? We’re obsessed...

Selling Privately - Is it Worth It?

October 3, 2017
Selling your property privately is an attractive prospect at first glance – you have more control and you save money by not using a real estate agent. Before launching into this endeavour, what’s needed is a careful look at the effort you’ll invest and how the price you get may not render it worthwhile. So, let’s pull back the curtain and take that careful look at the prospect of selling privately. Selling property is a job made up of multiple jobs...

Tenant of the Month - August 2017

September 12, 2017
Congratulations to Stacy and Kieran for taking out Tenant of the Month in August. Stacy and Kieran are fantastic tenants to deal with and they present the property beautifully. Our next tenant of the month will be drawn the first week of October.

What to Expect When Selling Inherited Property

September 1, 2017
Selling an inherited property can be a minefield and will likely come at a time when the mourning process renders you emotionally and mentally exhausted. To help, First Avenue Property have outlined a few things to be mindful of before engaging with a lawyer for further information and essential legal advice. Requesting an Updated Title Search To see where things stand with the ownership of the property, you’ll need to start by requesting an updated title search. This will uncover...

New Insulation Rules: How To Be Compliant And Avoid RORT

August 1, 2017
Insulation will be compulsory in rental properties from July 2019. Subsidies on offer are leading to price hikes and huge variances in quotes. In this post we examine what landlords need to do to be compliant and what to look out for when dealing with installers. What Has Changed And Who It Affects Changes to The Residential Tenancies Act 1986 came into effect on 1 July 2016. The changes mean that come 1 July 2019, it will be compulsory for all...
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