Good prospective tenants are attracted by well presented properties. If you were to prepare your rentals as if your best friend was moving in, your mindset might realign. In effect, you will start looking at it from a compassionate point of view. You will not cut corners. You won’t let things go that need fixing. You will use care, skill and diligence in preparing that dwelling for your tenant to call home. That’s what you want to achieve. You want to provide a trouble-free, pleasurable, creature comfortable, needs fulfilling, safe and affordable place to live. When you provide those things and screen your prospects, you will strike gold. Never forget the tenant is the one you earn income from; be it as a landlord or property manager, they are the ones paying the rent.
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Article of Interest
Landlords 'too lenient' when tenants go off rails
Landlords are too lenient when a tenant falls behind in rent or causes damage, property managers say. Of the 39,808 claims lodged with the Tenancy Tribunal between July 13 and May 2014, 74 per cent were for rent arrears and 6 per cent were for damage.
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From the desk of the NZPIF..
High levels of insulation in rental properties
A recent survey of the members of property investors’ associations, undertaken by the NZ Property Investors’ Federation, revealed that a high proportion were insulating and heating their rentals.
"The NZPIF has always promoted the idea that providing an insulated and warm rental property encourages tenants to stay longer, so it makes good business sense" says NZPIF Executive Officer, Andrew King.
Housing standards improve over time and there is now an emphasis on providing a healthy living environment in rental properties. The results of the survey show that members are meeting this change in expectations. The NZPIF believes that all rental property providers need to accept that change and adapt to it.
However the NZPIF's endorsement of heating and insulation in rental properties has been incorrectly interpreted as an endorsement of a parliamentary Bill aimed at applying compulsory insulation and heating standards to all tenancy agreements. We do not endorse the Private Member’s Bill currently before Parliament.
"We agree with the Children's Commissioner’s call to help children suffering health related illness through living in cold, damp homes. But before endorsing any regulatory changes aimed at rental property in New Zealand, we would need to be assured that these changes wouldn't reduce the supply of rental property, either now or in the future, and would not put strain on tenants through unnecessarily higher rental prices." says King. "Many tenants already cannot afford to heat their homes and higher rental prices would only make the matter worse".
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