Landlord Information

Tribunal Rules Against Landlord in Smoke Alarms Case

July 2, 2018
Earlier this year an Auckland landlord was fined $2,000 by the Tenancy Tribunal for not fitting his rental property with smoke alarms in accordance with the Residential Tenancies Act and Regulations. The ruling was a stern reminder that all landlords must comply with smoke alarm legislation. Let’s look at how landlords and tenants can both ensure their rental properties meet the standard… How many smoke alarms does a house need? Smoke alarm requirements for rental properties are clearly outlined in the...

Methamphetamine post Gluckman Report

June 7, 2018
Still a Risk for Landlords Like our industry body representative, Real Estate Institute of New Zealand (REINZ), we at First Avenue Property were very surprised by the Gluckman report issued last week on meth safety levels. The report advocates a safe level of 15mg which is ten times the level recommended by Ministry of Health and ESR scientists just last year. There is a real concern that Housing New Zealand has become aware of illegal drug use involving Meth in hundreds...

Is Hiring a Gardener and Lawnmower for a Rental Property Worth it?

April 3, 2018
While responsibility for building maintenance of the actual house on a rental property is clearly the responsibility of the landlord or property manager, upkeep of the gardens and lawns is much more open to interpretation. It begs of landlords the questions: do I take care of them? Do I leave it to the tenants, or do I get a contractor in? Let’s delve into the pros and cons of each option and how they may affect your relationship with your tenants...

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...

Does Christchurch Have Everything Auckland's Missing?

November 7, 2017
Auckland’s soaring house prices, traffic headaches and growing population are motivating its residents to up sticks and relocate elsewhere in God’s Zone. But where are they all going and why? Deciding to make the move Considering such a radical sea change is both frightening and exciting. The scary part is changing jobs and finding a house while holding down your current post – a logistical nightmare. The exciting part and the dream for most is the prospect of more affordable housing,...

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.

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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