As a landlord, managing rental properties can be a challenging task, especially if you have multiple properties to oversee. It requires time, attention, and expertise, and there are various legal requirements that landlords must comply with to avoid legal issues and disputes with tenants. Additionally, the new Healthy Home Standards and new laws have added more responsibilities and obligations for landlords. This is where property management services in Auckland come in to help landlords manage their rental properties efficiently and effectively.
In this blog post, we will discuss in-depth the reasons why landlords should hire property management services in Auckland, and we will also talk about the new Healthy Home Standards and new laws that landlords must comply with.
Legal Compliance
One of the primary reasons landlords should hire property management services is to ensure legal compliance with tenancy laws and regulations in Auckland. Landlords must comply with various legal requirements to avoid legal disputes with tenants, which could result in costly legal expenses.
Property management services are knowledgeable about the various tenancy laws and regulations and can help landlords navigate and comply with these regulations. For example, property management services can help landlords ensure that their rental properties comply with the new Healthy Home Standards, which came into effect on 1 July 2019. The Healthy Home Standards require rental properties to meet specific standards for heating, insulation, ventilation, moisture, drainage, and draught stopping.
Tenant Screening and Selection
Another significant advantage of hiring property management services is their ability to screen and select reliable tenants. Finding reliable and responsible tenants can be a challenging task for landlords, and it’s important to ensure that your tenants can pay rent on time, maintain the property, and avoid any behavior that could cause legal issues.
Property management services have a screening process in place that ensures tenants are reliable and responsible. They check the tenant’s credit history, rental history, employment status, and other factors to ensure that they are suitable for your property.
Rent Collection and Accounting
Collecting rent from tenants can be a time-consuming task for landlords. It’s essential to ensure that rent is collected on time and in full to avoid financial issues. Additionally, landlords must keep track of all financial records for tax purposes and other financial reporting requirements.
Property management services can help landlords collect rent and manage the accounting processes for their rental properties. They can provide financial reports that help landlords stay up to date with their property’s financial performance.
Maintenance and Repairs
Maintaining rental properties can be challenging for landlords, especially if they have multiple properties. Maintenance and repairs are essential to ensure that the rental property is safe, habitable, and meets the tenant’s expectations.
Property management services can coordinate maintenance and repairs on behalf of the landlord, ensuring that issues are addressed promptly and effectively. They also work with reliable and trusted contractors to ensure that repairs and maintenance are of high quality.
Effective Communication
Effective communication is crucial between landlords and tenants. Clear communication helps to build a positive relationship between landlords and tenants, promoting tenant retention and reducing vacancy rates.
Property management services act as the primary point of contact between landlords and tenants, addressing any questions, concerns, or issues that may arise. They provide regular updates on the property’s performance, including financial reports, maintenance and repair schedules, and tenant updates.
The New Healthy Home Standards and New Laws
As mentioned earlier, the new Healthy Home Standards came into effect on 1 July 2019. The Healthy Home Standards require rental properties to meet specific standards for heating, insulation, ventilation, moisture, drainage, and draught stopping. Landlords must comply with these standards by 1 July 2024.
Additionally, new laws have been introduced that require landlords to provide specific information to their tenants. For example, landlords must provide a tenancy agreement in writing, provide a copy of the insulation statement, and provide the contact details of the property manager (if applicable).
In addition, Reliance Property Management can help landlords collect rent and manage the accounting processes for their rental properties. They provide regular financial reports that help landlords stay up to date with their property’s financial performance.
Reliance Property Management also coordinates maintenance and repairs on behalf of the landlord, ensuring that issues are addressed promptly and effectively. They work with reliable and trusted contractors to ensure that repairs and maintenance are of high quality.
Finally, Reliance Property Management is committed to effective communication with landlords and tenants. They act as the primary point of contact between landlords and tenants, addressing any questions, concerns, or issues that may arise. They provide regular updates on the property’s performance, including financial reports, maintenance and repair schedules, and tenant updates