0800 REAL IQ

Property Management
David Faulkner
2018 The good the bad and the ugly

Where to start? I had the same problem this time last year when I did the same article. 2017 seems like a distant memory now as over the last 12 months, our industry has had everything thrown at it including a bucket of KFC!

In my time working within the Property Management industry and in particular the rental sector, I cannot think of a time when we have had so much upheaval. Saying that it has been a challenge is an understatement. We have a lot to look at so let’s not waste any more time. As ever, we would love your feedback along with your high’s and low’s of the year.

2018 The good the bad and the ugly
Legislation
David Faulkner
Rising rents on the horizon as Government ...

Last week, one of Wellington’s largest Property Management companies made the headlines for suggesting to landlords that they increase rents by $6 a week to recover the cost of the letting fee as they are forced into on charging it to the landlord. Many criticised Oxygen Property Management for taking such an approach however in our opinion, they were simply doing their job.

To expect a company not to try and recoup losses that their clients may face due to landlords absorbing the letting fee is utterly naive and delusional. If you believe that a landlord is not going to try and recover the costs from tenants then you are simply in denial or have no understanding about how business works.

Rising rents on the horizon as Government policy kicks in
Legislation
David Faulkner
Fixed on change. Why tenancy reform will ...

Almost twelve months on from the formation of the Government, the changes around tenancy reform in New Zealand are coming thick and fast. Make no mistake, change is coming and particularly around the security of tenure. A case I dealt with recently highlights why tenants need more security.

Last week I received a call from a Property Manager last week asking for some guidance. The situation arose after a tenant was given 90 days notice to end the tenancy.

Let me explain the scenario for you that many of you reading this will probably relate to this story.

Fixed on change. Why tenancy reform will benefit New Zealand
Legislation, Property Management
David Faulkner
Church Preaches 'Game Changer' As Calls For ...

Never before has our industry come under such intense scrutiny as it has right now. Whether it be tenant groups, politicians, the media or the oppressive Tenancy Compliance and Investigation Team, everyone wants to attack Property Managers. In fairness, we seem to be giving them plenty of ammunition and the latest faux pas by a Wellington-based Property Management company was embarrassingly distasteful. One wonders what they must have been thinking? 

With all the negative publicity and an increasingly vocal call from all parties to regulate our industry, it is now a case of when the regulation of our industry will happen rather than if.

Church Preaches 'Game Changer' As Calls For Regulation Intensify
Legislation, Property Management
David Faulkner
The Broken Dreams of Renters United

On Wednesday the 11th of July, Renters United launched their 'Plan to Fix Renting' and it grabbed plenty of media attention. This small group of volunteers have certainly been successful in drawing plenty of attention to themselves and whether you are a tenant or a landlord, you have to hand it to them they are extremely well run and have some prominent public figures backing their cause.

At the launch, they had Philippa Howden-Chapman of Rental Warrant of Fitness fame presenting and supporting them. They also had Sam Huggard of New Zealand Council of Trade Union presenting and Labour MP for Rongotai Paul Eagle was present as well. 

The Broken Dreams of Renters United

methamphetamine

Busted!! The Rise and Fall of The Methamphetamine Industry

Busted!! The Rise and Fall of The Methamphetamine Industry

In August 2014 two-year-old Emma Lita-Bourne died after suffering a brain haemorrhage. The story made the news the following winter after a coroner reported that the condition of the property had contributed to the little girl’s death. The property was contaminated and it wasn’t methamphetamine.

Instead, dampness and mould had played a significant contributing factor into the death of young Emma according to the coroner. It was a story that highlighted the sorry state of many rental properties around New Zealand and in particular, Housing New Zealand.

Is 2018 The Year The Meth Myth Finally Gets Busted?

Is 2018 The Year The Meth Myth Finally Gets Busted?

At last! Someone with power and influence has the guts to come out say what we have been arguing for a long, long time. The 'moral panic' caused by certain Meth testing companies was instigated to make a quick dollar according to new Housing Minister Phil Twyford. Here at Real iQ, we wholeheartedly agree.

Back in early 2016, we held a webinar highlighting the alarming amount of companies being set up to carry out Meth testing, warning that the industry was nothing more than a money making scam.

Methamphetamine Survey Results Released

Methamphetamine Survey Results Released

We had a very strong response with exactly 100 people taking part in our short survey on Methamphetamine and whether Property Managers should be carrying out testing.

The results clearly show that nearly three quarters of you believe it is a clear conflict of interest for a Property Manager to carry out Meth testing.

However, when we asked if you thought it was safe to live in a property with a reading of 1.5 micrograms per 100cm2 (new standards), you weren't so sure. Even so the majority of you believe it was safe to live in at 58%. 

24% did not know and only 18% were not prepared to live in a house which was contaminated under the new standards.

,

New Meth Standards Will Solve Nothing Until Practice Notes Issued

,
New Meth Standards Will Solve Nothing Until Practice Notes Issued

Late last month the eagerly anticipated new standards around Methamphetamine contamination where released. This has come after a lengthy process which also involved a large amount of public submissions. Clearly, there is plenty of emotion that is involved around this hugely controversial topic. This was evident during the recent REINZ Seminar involving members of the panel that helped introduce the new standards. Included in the panel where Lisa Gerrard (REINZ), Darryl Thompson (Auckland Council), Miles Stratford (Meth Solutions) and lawyer Richard Hern.

,

Insurance Giant Take Firm Stance on Meth

,
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.

,

2016: The Year the Landlord Got Screwed

,
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.

Follow and connect with us

PHONE US ON 0800 REAL IQ

Copyright © Real iQ Ltd, Licenced REAA 2008