There is more to property management than what meets the eye. Below is a list of common terms related to property management that everyone in the industry should know. Arrears- outstanding debt owed by tenants, can be in the form of rent or invoices. Bonds– a security deposit held at the beginning of a tenancy
For us, property management is the overseeing of residential properties on behalf of another party or entity. We act on behalf of the owner to: Make contact with tenants Arrange maintenance and repairs Preserve the value of the property Ensure the property generates the income it deserves Complete routine inspections for insurance Market the property
Freeze on rent increases – the prime minister has announced a freeze on all rent increases for the next six months as of 23 March 2020. This includes rent increases that had already been issued but would come into effect during the six month period, these notices are now void. Moving into a new rental
We often get asked by prospective tenants how they can better their chance at getting a rental, so here are a few tips that will help you help us to make our decision. Attend a viewing or get someone to view on your behalf Have your references ready when coming to a viewing- we ask
Ever wondered how rent per room accommodation works? Here’s a few key points for both tenants and owners. All walking distance to City Centre and SIT- perfect for students or workers Most are 5 bedrooms if not more Rent ranges between $120 and $200 per week for either an individual or couple Bedrooms come furnished
With the demand for rental properties continuing to rise and the supply not being able to keep up, now is the perfect time to invest in rental properties. According to Stuff.co.nz the number of inquiries on TradeMe for rentals has increased 17 percent compared to the same time the year before. The national median rent
There have been some changes made to the Residential Tenancies Amendment Act that are worth reading up on. These include: Tenants can now be held liable for damage Landlords and property managers have to disclose all insurance information to tenants The definition of residential premises has been changed Testing for methamphetamine For more information about
Do you own a rental property or have thought about investing in one? As property managers we can assure you that it isn’t as simple as chucking some tenants into a property and hoping for the best. Here at T And T Property Management, we undergo reference and credit checks before tenanting to ensure that