Recruitment of your next staff member is often left till the last minute, done without prior planning and with the idea that it's cheaper and more effective to do yourself. Companies are often in a hurry to recruit therefore take the 'best out of a bad bunch' approach. Employees are the biggest and most important asset of any company and therefore deserve a robust and clearly defined process and to aid in the process there are some vitally important elements to consider ensuring you attract and recruit the next superstar for your team.
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.
Tenants Should Be Penalised For Late Payment Of Rent
A national survey of Property Managers and Landlords has discovered that 4 out of every 5 people believe tenants should occur a penalty for late payment of rent. Director of Real-iQ, David Faulkner believes it’s a no brainer; if the penalty is instated less cases will make it to the Tenancy Tribunal therefore long term it will save the tax payer, tenants and landlords money. It will also reduce waiting times for tribunal hearings as tenants will be less likely to fall into arrears.
Government announcement around changes to Residential Tenancies Act:
The Residential Tenancies Amendment Bill (No. 2) introduced to Parliament today will provide better protections and clarity for tenants and landlords, Building and Construction Minister Dr Nick Smith says.
“This Bill makes three practical changes to the Residential Tenancies Act to help ensure our tenancy laws better manage methamphetamine contamination, liability for careless damage and the tenancy of unsuitable properties. It builds on the changes we made last year requiring smoke alarms and insulation, and establishing a Tenancy Compliance and Investigations Team.
Remove The Letting Fee At Your Peril
- Report warns of job losses and costs for long term tenants increasing if letting fee is scrapped in the UK
- New Zealand cannot ignore report as 'Crowd Pleasing' do-gooders push for reforms
- Time to penalise tenants for late payment fees
A report recently published in the United Kingdom around the impact of scrapping the letting and how it will affect the Property Management industry has raised alarm bells. The ARLA Propertymark report warns that long term loyal tenants will be forced to pay more and potentially 16,000 jobs in the UK will be put at risk as around 20% of revenue will be lost.
The Race To The Bottom
Insurance Giant Take Firm Stance on Meth
Over 220 Meth-Tribunal cases heard in 2016
IAG state total claims to be approximately $14 million in the last 12 months
IAG, one of New Zealand's leading insurance providers has drawn a line in the sand with regards to claims around Meth-contaminated properties and in our opinion, it leads us a step closer to compulsory Meth Testing for all residential rental properties in New Zealand.
The Landlord Strikes Back
2017: More Properties Managed By Less Companies
- Prediction that more landlords will turn to Property Managers but more companies will sell as compliance costs hit hard
- Regulation of the Property Management industry a necessity but will anyone listen?
As we return to work from our Christmas and New Year break, many of us will be wondering what will lie ahead for us in 2017.
2016: The Year the Landlord Got Screwed
- Methamphetamine and the Osaki Case dominate the year
- Increase costs and landlords selling puts a further squeeze on rents
As this turbulent year ends, we will look at some of the key events that have changed our industry and two issues stick out like a sore thumb, much to the detriment of the landlord. Methamphetamine and the Osaki Tribunal Case.








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