Managing a rental property is a full-time job, governed by several laws you must oblige by. While most of us have a “can do attitude” it is almost always better to have a property manager. Some owners simply don’t have the time to handle the day-to-day operations of their own rental property. Whereas others simply don’t want to have to deal with tenants.  It is important to know just how much value a property manager can bring to the table.

See below a few benefits of having a property manager.

Marketing & advertising – A property manager will advertise and market your property to prospective tenants. This could be when your property is vacant or becomes vacant. A property manager will prepare listing information and photography.

Viewings – your property manager will hold viewings for your property for prospective tenants.

Less stress – Someone else is managing your property as well as the tenants so you don’t have to worry as they will do most of the work for you.

Dealing with tenants – After your tenants move in if they have any problems, concerns or questions they’ll get in touch with a property manager.

Below are some questions and answers to our most frequently asked questions from tenants.

Are utilities included in the rent? For our rent per rooms, WIFI and power are included in the rent.

How often will rent increase? Annually

When is rent due and how will you need to pay? Rent is due usually due weekly or fortnightly, this is discussed when signing rental agreement. Payments are made via bank transfer.

How many weeks’ notice do I need to give? For a fixed term it is a mutual agreement between tenants and owners. A periodic tenancy is 28 days.

How much bond and rent in advance do I need to pay? Bond is 4 weeks rent and rent in advance is either 1 week or 2 weeks in advance depending on your choice of payment schedule

When do I get my bond back? The bond is held with tenancy services and can take up to 15 days to be processed once sent away. Provided everything is okay with the property the bond can be processed after the final inspection.

Can I apply without viewing the property? We prefer all prospective tenants to have viewed the property before applying as photos can be very deceiving. Family or friends can also view the property on your behalf if you live out of town or cannot make a viewing time

Does the property come furnished? All properties that come fully furnished will always be listed in the advertisement. Most properties don’t include furnishings such as whiteware however, we do have some that provide these amenities. Again this will be mentioned in the advertisement

When do the wheelie bins get emptied? Subject to suburb location, click the link below and enter your address to find out which day is your bin day

http://www.wastenet.org.nz/RecycleRubbish/WasteCollectionSearch.aspx

A rental bond is a sum of money that a landlord can ask for as security against their property when a new tenancy starts. The bond money is held by Tenancy Services for the duration of the tenancy. When a tenancy ends, the landlord can use this money if any careless of intentional damage as occurred to the property during the duration of the tenancy. Also, if there is any unpaid rent the landlord can use the bond to cover these costs.

A bond can be up to the equivalent of 4 weeks’ rent and must be lodged with Tenancy Services. You as well as everybody else that signed the tenancy agreement will need to sign the completed bond form. As a landlord you need to lodge it within 23 working days.

Getting your bond refund is an easy process. Given that the tenancy has ended, an inspection shows everything is in order and there is no unpaid rent. Simply complete the bond refund form and send it away to be processed. Remembering everybody who signed the bond lodgment form will need to sign the bond refund. It can take up to 15 working days to refund a bond when a fully completed form is received.

You can lodge your bond online or download and complete a form. To view these options please follow the link below

https://www.tenancy.govt.nz/rent-bond-and-bills/bond/