What do you do when your tenant decides to stop paying their rent?
A property manager will use a multitude of actions to bring your tenant into line. They include but are not limited to – texts, calling, issuing a breach notice, dropping a note in the letterbox, contacting all adults living at the property, contacting the emergency contact listed on the application form and arranging a payment plan.
And then of course, if the tenant continues to default on their rent, a breach notice is issued followed by a court application to evict (attending court and evicting tenant if necessary).
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Property Investment Just Got Easier With Stake
It comes as no surprise to us that Property Management is a fast growing sector in New Zealand.
Particularly in the Auckland region where migration is very strong both locally and from offshore. It was reported in the news just this week that migration was up 31,900 in the last 12 months. That’s a lot of people needing somewhere to live!
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Landlord Learns The Hard Way
Self styled property management is not a luxury afforded to New Zealand Landlords. While there is no Government body regulating the property management industry (yet) there is the Residential Tenancies Act (RTA) that provides the dos and don’ts i.e. the legal boundaries for both tenants and landlords.
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Can You Keep A Cool Head?
Managing a difficult tenant can make you lose your cool and when that happens it’s time to walk away.
Reality TV shows, and online discussion forums are full of real life landlord woes managing their rental properties. Tenants can push landlords over the edge and seemingly get away with it.
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Vacant Rental Perfect For Make Over
The cruelest word in the dictionary for a rental property owner is “Vacancy”. The mere mention of tenants leaving and a rental property being vacant even if it’s just for a week or two sends shivers down the investor’s spine.
Continue reading Rental Makeover