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Property Management
David Faulkner
2018 The good the bad and the ugly

Where to start? I had the same problem this time last year when I did the same article. 2017 seems like a distant memory now as over the last 12 months, our industry has had everything thrown at it including a bucket of KFC!

In my time working within the Property Management industry and in particular the rental sector, I cannot think of a time when we have had so much upheaval. Saying that it has been a challenge is an understatement. We have a lot to look at so let’s not waste any more time. As ever, we would love your feedback along with your high’s and low’s of the year.

2018 The good the bad and the ugly
Legislation
David Faulkner
Rising rents on the horizon as Government ...

Last week, one of Wellington’s largest Property Management companies made the headlines for suggesting to landlords that they increase rents by $6 a week to recover the cost of the letting fee as they are forced into on charging it to the landlord. Many criticised Oxygen Property Management for taking such an approach however in our opinion, they were simply doing their job.

To expect a company not to try and recoup losses that their clients may face due to landlords absorbing the letting fee is utterly naive and delusional. If you believe that a landlord is not going to try and recover the costs from tenants then you are simply in denial or have no understanding about how business works.

Rising rents on the horizon as Government policy kicks in
Legislation
David Faulkner
Fixed on change. Why tenancy reform will ...

Almost twelve months on from the formation of the Government, the changes around tenancy reform in New Zealand are coming thick and fast. Make no mistake, change is coming and particularly around the security of tenure. A case I dealt with recently highlights why tenants need more security.

Last week I received a call from a Property Manager last week asking for some guidance. The situation arose after a tenant was given 90 days notice to end the tenancy.

Let me explain the scenario for you that many of you reading this will probably relate to this story.

Fixed on change. Why tenancy reform will benefit New Zealand
Legislation, Property Management
David Faulkner
Church Preaches 'Game Changer' As Calls For ...

Never before has our industry come under such intense scrutiny as it has right now. Whether it be tenant groups, politicians, the media or the oppressive Tenancy Compliance and Investigation Team, everyone wants to attack Property Managers. In fairness, we seem to be giving them plenty of ammunition and the latest faux pas by a Wellington-based Property Management company was embarrassingly distasteful. One wonders what they must have been thinking? 

With all the negative publicity and an increasingly vocal call from all parties to regulate our industry, it is now a case of when the regulation of our industry will happen rather than if.

Church Preaches 'Game Changer' As Calls For Regulation Intensify
Legislation, Property Management
David Faulkner
The Broken Dreams of Renters United

On Wednesday the 11th of July, Renters United launched their 'Plan to Fix Renting' and it grabbed plenty of media attention. This small group of volunteers have certainly been successful in drawing plenty of attention to themselves and whether you are a tenant or a landlord, you have to hand it to them they are extremely well run and have some prominent public figures backing their cause.

At the launch, they had Philippa Howden-Chapman of Rental Warrant of Fitness fame presenting and supporting them. They also had Sam Huggard of New Zealand Council of Trade Union presenting and Labour MP for Rongotai Paul Eagle was present as well. 

The Broken Dreams of Renters United

asbestos

Asbestos & Property Management.

Asbestos & Property Management.
  • Asbestos law changes the next big challenge for the Property Management industry
  • Responsibility for compliance may result in increase costs for landlords

New changes in the Health and Safety at work with regards to Asbestos could become the next big challenge that the Property Management industry needs to tackle.

Recently, Real iQ attended a REINZ Breakfast in Wellington where the keynote speaker addressed a room of Property Managers about pending law changes that will likely lead to more compliance being thrown on an industry already struggling to cope with changes to Health and Safety and the Residential Tenancies Act.

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