Recent news of property managers vetting prospective tenants’ bank statements has REINZ calling for industry regulation that offers clarity and transparency for renters, landlords and property managers. Conduct of Property Managers under microscope Around a third of Kiwis are now renting, making the rental market a pressure cooker for all parties involved. The result is property managers and landlords taking extra measures to ensure candidate tenants are capable of paying the rent. A social services select committee hearing submissions on the...
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,...
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.
When people think about purchasing an investment property, many of them fail to consider if being a landlord would actually suit their personality and lifestyle. Over the years, we’ve worked with countless numbers of landlords who have turned to us for help after realising that managing their property is more work than they expected. The reality is that being a landlord is a very demanding and challenging job. If you’re thinking about becoming a landlord for the first time, we encourage...
Summer is finally here, but the change of seasons brings a new set of challenges for landlords. In general, landlords can expect their tenants to have fewer problems in the summer than in the winter – there are no leaky roofs or heating problems to contend with, for example. That being said, we’ve noticed that a few problems can crop up when the weather gets warmer. To help you prepare for a successful and happy summer, we’ve put together our top...
This year, the Government introduced a number of changes to make it easier for certain homebuyers to purchase a home. Perhaps the most important of these changes is in how KiwiSaver accounts can be leveraged to pull together a deposit and contribute towards the overall settlement. At First Avenue Property we have noticed a dramatic increase in interest from first-time homebuyers this year, which we attribute largely to these rule changes. Changes to KiwiSaver HomeStart scheme In July 2016, changes to...
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