The Summer market is approaching! So it's time for many to start thinking about how best to prepare their rental properties. Below we outline seven key steps, including what recent amendments need to be addressed.
Test Smoke Alarms & Security Systems
It's the tenants responsibility to inform the landlord about any malfunctions during the tenancy, but before the tenancy starts the landlord is expected to check and ensure the smoke alarms are in working order - plus it's good peace of mind for yourself. There should be at least one working smoke alarm in each bedroom, or within three metres of each bedroom door, and at least one on each level of the home. While you're at it, if the property has a security system, it's a good opportunity to test this as well.
Start the next tenancy positive. Before re-letting the property give the garden a good tidy up, showing the new tenants what upkeep is expected. Under tenancy laws, tenants are responsible for the general upkeep of the garden, such as mowing and weeding, which many are happy to do.
Investigate Any Maintenance Issues
Ideally you or your Property manager should be looking out for any maintenance issues during property inspections. At Quinovic, we conduct quarterly inspections, providing the owner with an inspection report and images on the property's condition and if any maintenance needs to be addressed (whether that be because of maintenance issues, or upcoming compliance). If there are any maintenance concerns, now is a good time to remedy it.
Healthy Homes Statement
From 1 December 2020, all new, varied or renewed tenancy agreements must include a comprehensive Healthy Homes Statement detailing the property's level of compliance regarding heating, ventilation, insulation, draughts, moisture and drainage. If you want help with this get in touch today.
Healthy Homes Compliance
The next stage of the Healthy Homes Standards rollout is fast approaching. Avoid being part of the panic near the deadline and get organised early. From 1 July 2021, all properties belonging to private landlords must comply with all aspects of the Healthy Home Standards within 90 days of any new, varied or renewed tenancy agreements. Understand all the details by reading our Ultimate Guide to the Healthy Homes Standards.
Don't make the mistake of using an old tenancy agreement simply because you already have it on hand. It won't have all the new requirements, including the Healthy Homes Statement, Insulation Statement, and Insurance requirements. Avoid Tenancy Tribunal and the fines that follow, print a fresh tenancy agreement.
Review the Rent
If you're putting your property on the market, it's definitely time to review the rent because it's properly grown. Rather than spend hours reviewing Trademe and still not feeling certain, just ask a professional Property manager who works exclusively in residential rental properties.
At Quinovic, we don't email you only a one-line statement on your property's current rental value like some other companies do. After showing the property's rental value, we discuss with you the the current market and where we expect it to go, give advice on simple ways you can improve the property and increase rent, as well as update you on any compliance concerns you may not be aware of.
If you're considering Property Management get in touch with us today. Locally owned and managed, we offer residential property management services across the entire Wellington & Hutt Valley region.
We take care of investments, offering peace of mind and a personal service to investors and tenants alike. Our solutions are backed by industry-leading technology and proven systems that promote both excellent property care and strong investment returns. Taking on all aspects of the landlord’s role, we guide our clients with professional, tailored advice using our extensive experience and insight in the rental market that can only be built over time.
If you would like to chat about the possibility of working together, or to receive a no-obligation, FREE Rental Appraisal get in touch with our team today.
Quinovic Johnsonville | Wellington
Call Jordan Atkinson - 027 297 0873
Quinovic Hutt Valley | Wellington
Call Helen Vance - 027 487 8103
Quinovic Kent Terrace | Wellington
Call Jordan Atkinson - 027 297 0873
Quinovic Wellington Property Managers