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Get ready for summer!

Tuesday, December 19, 2017

CREDIT: santmagazine.com

We've got together with some of our good friends to bring you a list of summer landlord tips.  Take a look:

Dean Larritt, Maintain To Profit

Minimise the need for emergency repairs over the summer.  Check that all of your rentals are secure by giving the door- and window- locks a once-over before you head off on holiday. 

 

Ron Goodwin

December/January are typically high-churn months for rentals on top of being financially stressful for many families.  Make sure you are in a solid cash-flow position to tide you over the next couple of months as you may find yourself having to subsidise rent arrears and/or empty houses.

 

Jonathan Chang, Core Logic

Summer is an excellent time to pick up great property deals. Now is the time to be on top of where the market is at and what properties are worth.  Do you know that you can get up to 40% off QV e-Valuer as an APIA member? 

 

Sarah Dunlop

I own student flats and routinely put rent up in January. December is a good time to pore over the market rent figures on the back of the latest NZ Property Investor Magazine to set my rents for the new year. 

 

Jolene Bagby and Jacek Baranowski

Water damage is not uncommon and can become very costly for landlords.  Next time you inspect your property, take a good look under the house where the plumbing is for the bathroom, kitchen, and hot water cylinder to see if there are signs of any slow leaks.  If you spot any, fix them straight away. 

 

Andrew Bruce

Some of us have empty rentals either through vacancy or tenants being on holiday. Take advantage of the summer downtime to tackle the run-of-the-mill maintenance work you have been putting off all year.  Sites like Student Job Search is an excellent place to hire someone to help you paint that fence or tidy up the front yard.   

 

Kristine King, Duncan King Law

Use your time to prepare yourself personally and your properties to be in tip-top "legal condition" -including reviewing your documents and confirm all is order, check the council files, refresh your understanding regarding the new obligations for the condition of your property and if possible arrange the works required to be undertaken.

 

Rebecca Bartlett

If your tenancy agreement prohibits subletting or assignment without your consent then it is worth giving short-term rental sites like AirBnB a once-over to make sure that your property is not listed on there. In the post-Holler era, there could be serious insurance implications if your rental is being sublet without you knowing.

 

Max Hall 

Clean the lint filter in your dryer. We have had a wet spring this year which means your dryer was probably in heavy use. Clogged filters could make your dryer a fire hazard if unattended. 

 

Barry Walker, Keith Hay Homes

Everyone deserves a holiday but before you head off, make sure your construction site is well locked up and secured.  Your health and safety obligations do not disappear over summer.  Things to check for are: secure fencing, all building materials well stacked and stored, clear warning signs, flammable items removed, and no opportunities for unauthorised access.

 

Tony Xiao

Be sun smart. The Auckland sun is harsh on properties. Check your windows and doors for gaps. You can fix small gaps with caulk or weather stripping. Small tears in window screens can be easily fixed when you follow this simple tutorial.

 

Coral Wong

Get away somewhere nice and enjoy yourself, you have earned it!

 

 


What are your go-to summer tips? Comment reply below to share!

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Mathieu Holt- Managing Director, The Tenancy Practice Service & TPS Credit Control
Through the Association I found the channels and methods to fund the purchase of property I never dreamed about. Grant Brown

All round it has been one of those things Neil and I felt was really worthwhile belonging to. We have learned so much it has just built our confidence in what we are doing.

Janice Bieleski
I read two articles in the monthly magazine that saved me over $5,000. That is my membership fee for the next 26 years and I am sure I will learn a whole lot more! John Duncan
Fantastic organisation. The networking opportunities are brilliant and provide us with information and opportunities that cannot be obtained anywhere else. We learn something new at every meeting and we've been in this game for nearly 20 years. Pauline and Gyanen Kumar

I find the information obtained from various APIA meetings very useful in guiding my own property investment and rental management.  I also enjoy the networking opportunities with like-minded investors.  I am inspired by other investors’ success and find the more experiences and knowledge that I share with others, the more confident I become.  

Thanks to all APIA event organizers and administrators for your brilliant work. 

Stella Shao

I like talking to people and learning from their experience because it gives me the confidence to invest well. I think it is a knowledge thing. I now know I am doing things the right way.

Stephen Weatherall

My APIA membership has become a total success.

Every time I attend a monthly or regional meeting I come away with so many useful and positive tips that have added value to my property investments and management.

Not only that, the website is a great place for practical advice and useful information. It has now evolved into an important resource for my business.

Talk about value for money! The discounts I have been getting at Bunnings when I present my APIA membership card have more than paid for my annual subscription!

Tim Duffett, Plan A Investments Limited