Is your rental property adequately insulated? If not, there is still time to take advantage of the subsidies available through the Warm Up New Zealand: Healthy Homes initiative although Government funding is due to come to an end next month. Why insulation matters Until recently, there have been no guidelines or regulations in place to ensure that rental properties are properly insulated. As a result, a large number of properties on the rental market are without insulation. Insulation helps heating systems...
The Real Estate Agents Authority, the government agency that regulates New Zealand’s real estate industry, dictate that all money received in real estate transactions be paid into an audited trust account. This law, however, does not extend to the largely unregulated sector of residential property management. As a result, many property management businesses conduct transactions through their company’s bank account, which is not an acceptable practice from our perspective. At First Avenue, we pride ourselves on our integrity – operating an...
Property inspections are an integral part of the property management or property owner’s time. We detail why inspections are so important and what is looked at to prevent small issues growing into larger ones.
There are a number of simple things that can be done to improve your investment property to make it more attractive, safer and liveable for prospective or current tenants.
Without people around over the holiday period there, things can fall into disrepair, disaster can strike, or unsavoury characters can wander in and steal precious belongings.
At the moment we are seeing unprecedented rates by the banks. Is the environment ripe for purchasing a new house or investment, or even breaking your current mortgage?
Recently we became aware of a regulation review by the Ministry of Business, Innovation and Employment (Mbie) that is due to take place between 2017-2019 that may have a relevant significance to many landowners and landlords.
You’ve probably already heard of, or had the opportunity to read Melissa’s latest article, on the changes to the Residential Tenancies Act, namely the requirements for: Insulation in all tenanted property by mid-2019 Installation of long-life smoke alarms by 2016 Fortunately members of the First Avenue Property team and I had the opportunity to attend the 2015 REINZ Residential Property Management Conference held recently in Auckland. It was a great industry-led conference with plenty of take away points to help increase...
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