APIA Blog

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11-Feb-2019

How much will the TCIT tell you?

We recently covered the oversight power of the Tenancy Compliance and Investigation Team ("TCIT"). In the course of posting that information, we thought it helpful to drill down into the level of disclosure a landlord/property manager is to expect if he/she is to become a subject of the TCIT's investigation. No mental arithmetic or theoretical acrobatics necessary. It is easier to jus... read more

Investment tip

08-Feb-2019

Ryan Smuts: Why it is never too late to start investing in property

Starting early definitely helps – when it comes to any kind of investing. Time is an investor’s best friend. Remember what Einstein said about compounding? That being said, it’s never too late to start today. There is a Chinese Proverb that says “The best time to plant a tree was 20 years ago. The second best time is now.” Investing is much the same. Focussing on what you didn’t do when... read more

Q&A

07-Feb-2019

Can Tenancy Services lawfully request information about my rental?

This week's question comes from Alan (paraphrased): Tenancy Services recently sent me an information request for details of insulation at one of my rentals. Are they have the right to that information? Our response: The short answer is yes. The authority to audit rests with the Tenancy Compliance and Investigation Team ("TCIT") that is part of Tenancy Services. In fact, we are aware of... read more

Guest blog

07-Feb-2019

Peter Lewis: Even old dogs can learn new tricks

Long ago, when I first became a landlord, there was no Facebook, no chat groups, and communication between landlords was minimal. Learning to run a residential rental was similar to learning to ride a bicycle – trial and error at the cost of scraped knees and bruised knuckles. I fell down, got fleeced, swindled, and defrauded. But somehow I survived. However, life is ... read more

Landlording

01-Feb-2019

Peter Lewis: Insurer's duck-and-dive move can spell disaster for landlords and tenants

The basic principles of property insurance are relatively simple. Let us say that there are 100 houses in a town, and looking back over many years we find each year one of those houses burns down and then must be rebuilt at the owner’s cost. So each owner faces a one-in-a-hundred chance of incurring that expense. Of course, at 1% those odds are reasonably good, but if you are unlucky ... read more

Q&A

24-Jan-2019

Am I running a boarding house?

This week's question comes from Sue (paraphrased): I am renting out a property that has six bedrooms. For the purpose of the Residential Tenancies Act, is it irrefutably a boarding house or can it be a normal residential rental? Our response: To answer this question, we first look at the definitions of both boarding house and boarding house tenancy per the Residential Tenancies Act (... read more

Editor's Choice

15-Jan-2019

Ryan Smuts: What can you do if you bought at the top of the market?

This is a question that often troubles people, as they are unsure about how to proceed from here in terms of maintaining and/or growing their property portfolio further. I think some key things need to be considered: What did you actually buy? This is important to know because it will help you determine whether to hold or sell. Did you buy something in a likely high-growth or low-growth a... read more

Q&A

11-Jan-2019

How to streamline Watercare admin?

This week's question comes from Glen (paraphrased): Our property management company has advised that we have to keep our rental's Watercare account in our own name because we are still responsible for the fixed-charge. Is that correct? Isn't that a lot of extra hassle now that we have to collect variable charges from tenants? Our response: Your property manager is quite correct insofar ... read more

Guest blog

03-Jan-2019

Peter Lewis: What happened in 2018?

Well, that’s 2018 all wrapped up and stowed away. If I said it was all pretty much dull and boring, you’d know I was lying. Throughout the year property people seemed to have retained their reputation as being down there among used car salesmen, politicians and other assorted undesirable low-lifers among both the general public and the body politic. For some reason it is perfectly Ok... read more

Landlording

18-Dec-2018

Bonds: the new forms, data process and mistakes to avoid

Early this month, Tenancy Services released new versions of its bond forms. We have a quick chat with Allan Galloway, MBIE National Manager of Dispute Resolution about the new forms, how they improve on the bond process, common bond related mistakes and how to avoid them. Q: Tenancy Services recently revised its various bond forms. Are the new forms intended to improve the internal... read more

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