With the majority of the property management related announcements out in the open we thought we’d take a moment to put together some FAQ’s to answer the most common questions that are popping up. If we missed something, please ask – you may help answer someone else’s question as well!
An update from the Wendell Team
We can assure you that although our shop front may be closed our business, and support for you, is very much open. We will continue to care for our property owners, our tenants and properties.
Auckland property trends for 2020
Hope that you’ve all had a relaxing and restorative holiday break with family and friends. The new year is all about taking a moment and re-evaluating, and as we also enter a new decade, this seems to be even more pronounced. Here are the three themes we’ve picked up on when speaking with our owners recently.
Let’s make renting better in 2020
February is one of the busiest months for rentals; it’s a time when a lot of fixed leases end, students and families relocating for the start of the education year.
Ring-fencing law changes – what do they mean for you?
We know that it can be stressful being a property owner and landlord. Being experienced investors ourselves, many of our property managers understand the feeling of balancing a very busy plate! That’s why we like to keep our clients aware of changes in the property world that might affect them.
The tenants have spoken
We love our little chats… Seriously, the dialogue we have with all our owners is hugely valuable for us, but we knew we needed to cast the net wider. A common comment from owners in our last survey was that we should also survey tenants to find out what they wanted, and what they were feeling about things, too!
Fair wear and tear of a rental property
We often talk about the ‘fair wear and tear’ of a rental property, but the term is broad and open for interpretation. So, what is ‘fair wear and tear’? Where is the line drawn between this and outright damage?
Bullet proofing your rental property
While it’s nice to put your own touches on a home, there are certain things that make a property more tailored for a tenancy. Before you start any renovations, read on for our top things to consider to get your place ready for renting.
Budgeting for your rental property maintenance
It’s good practice to, once a year, review the performance of your investment portfolio in order to keep track of how your investment goes beyond the initial cost of purchase. Part of this complete picture is understanding and planning your ongoing expenses. Forecasting in this way ensures you don’t find yourself under unexpected financial pressure anytime in the future.
What makes your property a healthy home?
Property ownership is wonderful, but it comes with a level of responsibility. For starters, you have a responsibility to your tenants to ensure their home is safe, healthy and comfortable to live in. New laws came into place in July 2019 that introduced minimum standards for the heating, ventilation, insulation, moisture ingress, drainage and draught stopping of rental homes. But don’t fret – we’ve got you covered.