We offer a full range of property management services tailored to you as an investor, homeowner, or landlord ensuring you receive a comprehensive service without the price tag.
Our management fees are fixed at 8% + GST with no additional charges during the management of your property.
Your fixed price management fee includes your disbursements, Routine Inspections, Property Condition Report and Inventory list.
Our Rental Appraisals are Free
When assessing the rental value of a Property, we take into account factors that assist in leasing your Property promptly. This includes comparison of similar properties, current vacancies and market trends. Obtaining a realistic rental value ensures that your Property is let as quickly as possible for a better financial return on your investment.
Once we have a signed Management Agreement authorising us to act on your behalf, we list your property in the following forms of advertising:
We create a brochure with details and photos of your property which we distribute to prospective tenants on our prospective tenant database.
When property demand is low we will use newspaper advertising. The Lakes Weekly Bulletin is recommended however your best form of advertising hands down is the internet.
NOTE: All prospective tenants are accompanied by a Property Manager and inspections are carried out as many times as it is needed through the day.
All prospective applicants wishing to live at your property will be asked to fill in an Application Form, signing giving permission for Property Management Specialists to check all information they provide.
We confirm their payment and tenancy history by contacting their current and/or previous landlord or agent. In some cases, applicants may not have a tenancy history so we try and confirm other information to support their application.
At Property Management Specialists, we use TenantCheck by Tenancy New Zealand’s only comprehensive tenant background and credit checking system.
Knowing your tenant is the most important step towards a successful tenancy, using Tenantcheck we check:
|Centrix credit bureau||TVNZ||ID Verification|
|Veda credit bureau||NZ Herald||Interpol|
|Tenancy tribunal||Company Office||International Courts|
|New Zealand courts||Sensible Sentencing Trust||International News|
|Disputes Tribunal||Police||And more!!!!!!!!!|
An applicant will be asked to pay four weeks bond. Our office policy is to take the maximum bond allowed under the Residential Tenancies Act. The bond will be held by the Department of Building and Housing until the end of the tenancy.
At the end of the tenancy, before the bond is refunded we expect the following from the tenant:
We will always compare the property to the Entry Condition Report, Inventory (if applicable) and the 100 photos taken at the beginning of the tenancy.
Property Management Specialists prepare a Tenancy Agreement, with terms and conditions of the tenancy. We also take the opportunity to supply relevant tenancy information and important procedures and policies:
|Quick Reference Guide:||Our office hours, contact details and more|
|Arrears Policy:||Zero tolerance for late rent payments and the steps we will enforce|
|Smoke Alarms, Safety switch:||Responsibilities of the tenants|
|Maintenance:||Trouble Shooting guide|
|Condition Report and/or Inventory:||A comprehensive representation of the property at the beginning|
We always ask that the prospective tenant fills in an application form, signing giving permission for us to check the information provided.
If by the unlikely chance a prospective tenant contacts you to discuss their application, or in fact ask questions regarding their rejected application, we strongly advise that you request that they contact us (your agent). If they persist we strongly advise that you do not discuss anything further to avoid unnecessary problems and complications.
With the information provided we confirm their payment and tenancy history by calling their current and/or previous landlord/agent as well as confirming their employment, checking them against a National Database to see if they have been lodged as a bad tenant by a previous agent or have an unsatisfactory credit history.
In some cases where an applicant may not have a tenancy history we try and confirm other information that may give us the insight to show their ability to maintain a tenancy in your rental property, for example, a stable employment history.
In some cases where this is not possible, we may simply reject the application.
What reason do you have to give the applicant to reject their application?
Legally we do not have to give a reason and by industry practice, we never give a reason.
Your property manager does. We have the information that we have collected and by using our experience we will make the best selection possible for your property.
We can never guarantee any approved tenant/s for your property. We can only attempt to collect information on their past history and confirm their income arrangements. As their paying of rent and maintaining the property is purely voluntary we cannot guarantee any tenancy outcome. This is a landlord risk that comes with allowing someone else to rent your property. We do recommend to landlords that do not wish to take any risk, it is better to leave your property vacant longer rather than take unsuitable tenants just to get the property let more quickly.
We at no time can guarantee your tenant’s performance on your property. The risk belongs to the owner of the property, and appropriately the owner should be insured for such a risk.
Even a good tenancy can turn bad. If the tenant’s circumstances change sometimes the tenancy will become unstable. This can result in rent owing and the property not maintained.
It pays to be properly insured, even with a good tenant.
We recommend that you consult this with your chosen insurance provider.
It is important for you to know what your landlord insurance policy will and won’t cover. Please consult with your insurer so that you are fully aware of the extent of your cover and also any excesses that may be applicable in the event of a claim.
We always strive to get you the maximum rent possible; however, we also must keep in mind the current market when setting the weekly rental rate, in order to get your property tenanted as soon as possible.
To do this, we consider these factors:
These factors allow us to give you enough information to set the right rent for your property.
You may place your property on the market at the rental amount you wish. However, keep in mind that it is the market demand that sets the rent, and if the market (prospective tenants looking for a rental property) deem the amount of rent too high your property may stay vacant longer than necessary.
With this in mind, be aware your annual rental return will be reduced by 2% for every week it is vacant!
When we need to secure you a new tenant we will always review the rent against market conditions. This will also be done at lease renewal time or at other times when required. We will always advise you when the rent is to be increased.
If permission is granted to keep a pet on the property we ensure the following criteria and obligations are met:
We also record the details of the pet on the agreement, which is then signed by the tenant.
We obligate the tenant to commit in writing that they will not bring the pet inside. However, as we are unable to monitor the property all of the time we cannot guarantee that pet will not come inside the home.
We do look out for any warning signs whilst at the property conducting inspections. However, the only way to ensure that a pet will not come inside the home is to insist ‘No Pets’ right from the start of the tenancy.
We will issue you both monthly and yearly financial statements, accounting for all monies we have handled and disbursed to you on your behalf in accordance with legislative requirements.
You will receive your monthly statements together with any tax invoices from tradespersons or other disbursements paid during that month on your behalf.
Your monthly statement will be sent to you on a fortnightly basis of every month, and the end of year statement will come to you in April of each year being the month immediately following the end of the financial year.
Contact us and we will issue you with a replacement monthly statement at no charge. However, if you require a replacement end of year statement this will be charged at a cost to you. Please refer to your management agreement schedule of fees for these charges.
Sec 12. (2) (a) Instruct any person to discriminate against any other person in contravention of the Human Rights Act 1993
e.g. A person should not refuse to grant a tenancy to another on the grounds that it is intended that a child should live on the premises.
Sec 23 (1) A Landlord shall not require the payment of any rent –
Sec 46. (1) The Landlord shall provide and maintain such locks and other similar devices as are necessary to ensure that the premises are reasonably secure
(2)Neither the landlord nor the tenant will alter or remove a lock or security device or add a lock or security device without the consent of the other.
Sec 45 (1) The Landlord shall –
Consideration must be given for the probable effect of reasonable wear & tear when the tenant vacates, as to whether the premises were in a reasonable condition when the tenant first took possession and the term of the tenancy.
Sec 48 (1) The Landlord shall not enter the premises during the currency of the tenancy agreements except –
Please note- if a tenant breaks their fixed-term lease and vacates the property, they will be required to pay rent until a new tenant takes possession (or to the end of the lease- whichever occurs first).
Sec 49 Where any party to a tenancy agreement breaches any of the provisions of the agreement or of this Act, the other party shall all reasonable steps to limit the damage or loss arising from that breach.
Sec 51 (1) A Landlord may give the notice to terminate the tenancy as follows –
Sec 38 (1) The tenant is entitled to quiet enjoyment of the premises without interruption by the landlord or any person claiming under the landlord or with superior title to that of the Landlord; and
(2) The landlord will not cause or permit an interference with the reasonable peace, comfort or privacy of the tenant in the tenant’s use of the premises; and
Sec 40 (1) The Tenant shall –
Sec 40 (2) The Tenant shall not –
Sec 51 (2) The minimum period of notice required to be given by a tenant to terminate a tenancy shall be 21 days in writing.
Long-life photoelectric type powered smoke alarms are acceptable and should have a readily accessible test facility.
On all escape routes on all levels (hallways, lobbies, stairwells)
On levels containing sleeping spaces, the alarms should be located in every sleeping space OR within 3 meters of every sleeping space and be audible to sleeping occupants on the other side of closed doors.