Is mould in a rental property the new meth?

Posted by Pam Hight on Nov 10, 2021

Meth contamination in rental properties has been a hot topic over the past couple of years, but a more pressing health issue is beginning to emerge. Mould can have a devastating effect on a property, a tenant’s health, and the value of an owner's investment. From long-term damage and costly repairs to the temporary relocation of the tenant and potential health risks, mould can be a costly problem for everyone involved. While new builds appear to be the golden standard and exempt from such issues, this is not always the case when dampness is involved. The good news is that you can take a wide variety of proactive steps to avoid the dreaded need for repairs.

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Topics: Managing a rental

Have the government’s policy changes affected the housing market?

Posted by Pam Hight on Oct 18, 2021

Houses are selling for record prices, and at record pace all over New Zealand. Here in Taranaki, we are seeing no sign of things slowing down. According to REINZ the average house price across the region increased from $452,000 in August 2020 to $565,000 in August 2021. And while New Plymouth has seen the largest spike, from $508,000 to $651,100, during the same period every township in Taranaki is seeing prices increase. In fact, while New Plymouth now sees the highest dollar value median price, Stratford District has seen the highest percentage increase with median prices increasing 67.7% in one year.

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Topics: Property investment insights

McDonald Real Estate Property Management Success Stories

Posted by Pam Hight on Sep 9, 2021

Owning an investment property comes with a great number of advantages and for many, it’s a financially rewarding situation to be in. But buying a property for income and long-term capital gain can also have its challenges. 

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Topics: Why use a property manager

What Alert Level 2 means for property management services?

Posted by Pam Hight on Sep 9, 2021

As the country comes out of a full lock-down, Level-2 has brought back slight normality for our property management team right across Taranaki. Things aren't back to normal by any means, however, we are now able to operate further sections of our business to help ease the stress of both landlords and tenants. As we now start to transition into Level-2 and eventually Level-1 many questions remain on how rental properties can be managed, and the landlord's responsibilities.

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Topics: Legislation & Compliance

Penalties for Healthy Homes non-compliance

Posted by Pam Hight on Aug 16, 2021

Having your investment property make money and not acquire unexpected and preventable costs is key to running a successful business. This not only relates to maintenance and repair but also legal fees and fines from non-compliance with current legislation. With the Healthy Homes requirements now in full swing, landlords have a legal obligation to comply with the Healthy Homes Standards under the Residential Tenancies Act 1986. 

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Topics: Legislation & Compliance

Heating requirements for a rental property

Posted by Pam Hight on Jul 21, 2021

Providing a tenant with a warm and dry home will not only keep them healthy, but it is now a legal requirement. Clearer heating specifications were outlined when the government introduced the Healthy Homes Standards, which became law on the 1st of July 2019, although there is phased implementation. These standards were put in place to help set minimum living conditions across all rental properties New Zealand wide and, in many cases, need to be in place or planned for now.

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Topics: Legislation & Compliance

Renovating your rental while you have tenants

Posted by Pam Hight on Jun 17, 2021

Renovating an investment property can make your property more appealing for tenants, but might also be essential to meet Healthy Homes standards. However, if you’re planning on remodelling or upgrading your rental property when tenanted, you may find that your tenant may need to move out. 

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Topics: Legislation & Compliance

10 things people don’t know about property investing

Posted by Pam Hight on May 17, 2021

When it comes to investing in property, there’s no shortage of information about how to do it. Search online and you’ll find thousands of books, podcasts, YouTube videos and ‘gurus’ telling you how to become a property mogul. However, despite much of what you read and hear, no two properties are ever the same, and the journey each property investor goes on is very different. The property portfolio’s age, size, features or even location, can all play an important role in determining the success and stress levels of the investor.

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Topics: Property investment insights

Why use a licensed Real Estate Company for your Property Management?

Posted by Pam Hight on Apr 8, 2021

Many landlords engage property managers to help manage their investment properties. The intention is to make sure their property is generating an income while, at the same time, being well looked after. Seasoned property investors will agree that skilled property managers can add significant value to an investment and that engaging with a good property management company is worth its weight in gold.

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Topics: Why use a property manager

Residential Tenancies Act, what has really changed?

Posted by Pam Hight on Mar 16, 2021

When the government announced the proposed amendments to the residential tenancies act,  a few eyebrows were raised by a number of landlords, as the changes seemed to further burden the landlord, especially as the costs of Healthy Homes compliance are still being felt.

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Topics: Legislation & Compliance

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