1. You didn’t know your tenants are sub-letting for Airbnb!
This might sound unbelievable, but this stuff happens! Tenants sometimes bend the rules and sometimes just ignore them. A good tenancy agreement will ensure that sub-letting your digs is not allowed. A good tenancy agreement will go that step further and help to protect your rights as a landlord. A good property manager will make sure that tenants play by the rules – all the rules.
If property inspections are not happening regularly, how will you know whether tenants are smoking inside, sub-letting your property or keeping a pet?
If your property manager isn’t regularly communicating with you about your property, if you are not receiving an updated property inspection report once every 3 months, if you haven’t seen photos of your property in a long time – it’s time to improve the service you are receiving.
At Trust Property Management you have access to up to date information about your property 24/7. You simply log on to our client portal and the most recent information will be available to you. Of course, if there’s anything you need to know we will pick up the phone and let you know! That’s what we are here for.
2. You don’t know your insulation rating
Have you heard of the Healthy Homes Bill? Do you know what it says? Is your property manager preparing your home for the new standards required under this important piece of legislation? Don’t know? Or unsure? You need to know, and your property manager should be planning with you to make sure your property not only meets the
insulation requirements under the Healthy Homes Act, but importantly that you can prove the standard of insulation in your investment property. This kind of proactive work is what you pay them for. Give Trust Property Management a call – we can step you through what is required and help you out.
3. You are thinking of selling – it’s just too hard
The compliance regime is getting more complicated and tenant letting fees are about to be abolished. Media stories about problem tenants abound, heck there’s a whole television series dedicated to the cause, and you’ve seen how difficult it is to chase tenants through the tenancy courts. It all feels too hard.
You don’t need to sell – you need a decent property manager. Yes, obligations are changing, the Residential Tenancies Act is under review and as with any compliance regime will continue to change over time. A specialist Property Manager will keep on top of your compliance requirements because that’s their job. Which means you can binge watch Netflix and not read the MBIE website in your spare time.
Trust Property Management offers no obligation, hassle free advice on residential investment properties. We are not financial advisers but we have almost 20 years’ experience in the Wellington residential property market.
Don’t let that go to waste – call Jared or Mitchell for a chat today.