#MARKETUPDATE

Just like most years the start of the of the year for property managers is pretty hectic, the rush of students heading back for university as well as updating current leases keeps us busy.

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Bianca Stables
The ban on letting fees: Where we stand

Letting fees were a topic of discussion in 2018 and in early November the Government announced they would prohibit property managers from charging a letting fee to tenants. The ban started on 12 December, however prior to this date, many property management companies announced that they would still need to charge some type of letting fee. This letting fee would be charged to the property owner rather than the new tenant.  

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Nick Phillips
The summer rental rush: Putting your best foot forward

Summer is a busy period for property managers. The start of the year brings a surge of students and new residents to the City. Last summer saw an unprecedented amount of people looking for a new rental, and with demand putting pressure on supply, we’re expecting that this summer will be just as challenging for tenants, if not more, than last year.

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Nick Phillips
Landlord insurance: What you need to know!

If the unthinkable was to happen to your investment property would you have the right insurance cover? Most insurance companies in New Zealand have a policy in place that cover rental’s many call it landlord insurance. This type of insurance policy is designed specifically for landlords and usually replaces the need for home and content insurance on rentals.

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Nick Phillips
Tenancy law reform: What do the proposed changes mean for landlords

The Residential Tenancies Act came into force over 30 years ago for the purpose of governing the rental market but, over the past few months the tenancy law reform has been the topic of debate with property managers, landlords, tenants and policy makers. There has been a lot of discussion around the rights tenants could be given and the lack of control landlords will have if these proposed changes come into place.

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Nick Phillips
Building relationships: Right tenant, right property

Throughout our time as property managers, we’ve always worked to place the right tenant in the right property that fits their needs and suits their lifestyle. We don’t just work with property owners to fill their home and make them money – we work with them to ensure the tenant is the right fit for the place, and will treat the home with respect as well as keep it in great condition.

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Bianca Stables
Meth testing: Where do we stand?

For some years, Nice Place had a policy of meth testing every property between every tenant to ensure that we are moving new tenants in to a clean property, and to check that outgoing tenants have left it in a reasonably clean condition.

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Nick Phillips
#MARKETUPDATE

Earlier this year, we saw a flurry of activity in the rental market. As with every January and February, when students are arriving in the city – we saw an increase in enquiries, pushing demand higher and exhausting the supply of rental stock. There were stories upon stories of tenants not being able to even find a flat, let alone make it along to viewings.

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Nick Phillips
Letting fees: How do they affect you?

Since the Government proposed to remove letting fees altogether, there’s been plenty of speculation about how this will impact the cost of rent. But what we’ve found is that a lot of tenants, and even landlords, aren’t actually aware what it’s there for and how it affects them.

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Nick Phillips
#MARKETUPDATE

In the current Wellington rental market, properties are receiving hundreds, if not thousands of enquiries. Many students are claiming that landlords are increasing the rent due to the extra $50 increase in student allowances. For some landlords – this may be true, but overall it is simply being put down to high demand and lack of supply, as well as the increasing costs of property investment. So, what is going on in Wellington?

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Nick Phillips
What to do if you suspect your rental is being sublet online

Airbnb can provide an extra supplement to cover costs of rent, or generate income – but it comes with risks and consequences.  With the holiday season approaching, and the growing use of Airbnb – we are seeing concerns in the property management industry, with property investors getting worried about their rentals being sublet online to people they don’t know.

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Bianca Stables
4 ways to keep your rental warmer and drier this winter

Brrrrr! It’s cold outside – we’re all being treated to a classic New Zealand winter. It’s blisteringly cold, never ending rain, snow fall and stormy winds. You might not escape it when you’re outside but when you’re home it’d be nice to snuggle up and be warm and dry without it hitting the pocket too hard.

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Nick Phillips