Hi

Being a landlord isn’t easy and when you’re trusting one of your most valuable assets to a property manager, you want to make sure they are doing more than just finding you tenants and looking after property maintenance.

Not only should your property manager be proactive about talking to you about your return on investment, they also need to be ahead of the game in terms of changing regulations and the effect it has on your bottom line, as increased compliance comes with a cost.
 
Our Glenfield Barfoot & Thompson property team are equipped to have these conversations with you to help you understand what you can do to get the most out of your investment. With rental properties in high demand, you may want to look at a rent review every six months to make sure you’re keeping up with market rents. Or you may want to get a head start on the Healthy Homes regulations now to save you costs closer to the deadline. 

Remember, we don’t just manage your property – we manage your investment. Give us a call if you would like to find out more.  

PS: you may have noticed that the Barfoot & Thompson brand is looking a little different these days. The past month has been a busy one, as we have been unveiling our refreshed look. Our contemporary branding can now be seen in our advertising, website and open home signage, so take a look. Keeping up with the times is essential whatever business you’re in!

Regards,
Property Management Should More than Pay for Itself
Case Study: 46a Stanley Road, Glenfield

Although self-management of investment properties is common in New Zealand, with the rapidly increasing costs and risks of compliance, as well as stiff competition for the best tenants with professionally marketed properties, we are finding more private landlords are seriously considering their options.


According to Clay Reeve, Property Manager for Barfoot & Thompson Glenfield, “the gold standard is that property management should more than pay for itself through shorter vacancy periods, higher quality tenants willing to pay a premium, proactive control of arrears, and better value deals on maintenance.”
Who Pays for Tenant Property Damage?
Under new legislation landlords have been given increased protection for damage done to their properties by careless tenants.

Previously the Holler & Rouse v Osaki case created a precedent where only intentional damage could be recovered from tenants, making careless or reckless damage the responsibly of landlords and their insurance provider. 

The new law makes tenants liable for accidental damage up to the value of four weeks’ rent or the landlord’s insurance excess, whichever is lower. However, the onus is on landlords to provide tenants with details of their insurance including the level of their excess, or face a $500 fine. 

Normal wear and tear is still the responsibility of landlords.
Can I Rent Out my Converted Garage?
New legislative changes have extended the Residential Tenancies Act to all buildings intended for living in, even if they are illegal. 

This makes it easier for tenants to apply to the Tenancy Tribunal for compensation if they are housed in dwellings without the appropriate consents for permanent human residence (e.g. illegally converted garages, kitchens, enclosed decks, sleep-outs etc).
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SOLD Magazine
HOT OFF THE PRESS!
Our September SOLD Magazine is now available. Click the link to find out the prices for everything sold in Glenfield, Bayview, Birkdale, Hillcrest, Totara Vale and Unsworth Heights.


  
 
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Barfoot & Thompson Ltd is licensed under the Real Estate Agents Act 2008
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Barfoot Glenfield, 436 Glenfield Road - P: 09 444 6049 Rental: 09 444 4956


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