Blog

One of the greatest challenges we face currently as an industry is coping with cadence of change, and the reality of the amendments to the Residential Tenancies Act.

Never has the property management industry been under so much pressure. There are changes in legislation, new levels of compliance, added costs, pressure from the media, staff burnout, influences on the bottom line and an increased turnover of investors. The pressure is coming from everywhere.

If you own a rental property, now is the time to determine if it meets the Healthy Home Standards. On 1 July 2019, this new regulation was introduced to lift the standard of rental properties throughout New Zealand, and we have until July 2021 to meet the new regulations.

Adding an extra room or ancillary dwelling to your rental is one of the best ways to increase rental income—especially if you’re going from three bedrooms to four. After all, more rooms means more tenants, and therefore a higher rent return.

Keeping a rental property looking modern and attractive to tenants is a chore, and often an expensive one. However, with a bit of clever planning, you can introduce smart renovations that build aesthetic appeal, add functionality and best of all, are completely reversible so there’s no lasting impact on your investment.

If you are thinking about renovating your rental property, answer these six questions before you head off to the hardware store or get out the step ladder.