Go Back  British Expats > Living & Moving Abroad > New Zealand
Reload this Page >

Renting your property? 5 things to REALLY watch

Renting your property? 5 things to REALLY watch

Old Feb 25th 2016, 2:57 am
  #1  
Just Joined
Thread Starter
 
Joined: Feb 2016
Posts: 1
Eurythmics is an unknown quantity at this point
Exclamation Renting your property? 5 things to REALLY watch

If you need to return to the UK, you are going to need to think carefully who will manage your property. It is a legal requirement to have a property manager, but take care on who you chose:
(1) Toxity reports are needed BEFORE a tenant goes in (because you do not want the costs of striping walls, floors and having your house condemned if someone uses it for a meths lab when you are gone). A serious risk right now.
(2) Make sure you let your agency know YOU chose your tenants (that's right, otherwise there are tricky clauses that say they will choose on your behalf)
(3) Make sure you know your payment dates for water. Why? Your tenant might pay on time, but your agent can be VERY slack in Paying the actual bill - which gives you a less than great payment history.
(4) How do you want your property maintained? WELL or SUBSTANDARD? Water leaks fixed within a day or 2 weeks with water damage? Or perhaps bills for workmanship that Is shoddy? I spent over $2,000 putting it right on my return, so watch out
(5) choose tenants who LOVE GARDENING. Why? Your managing agent may not care about your bush and weeding your garden (and they will argue its your responsibility)

That's only the start. Watch for competence of staff or high turnover of staff ( < snipped > ). My experience was a bit scary, so make sure YOU protect your ASSET when renting out. My horror story need not be your experience. Good luck !!

Last edited by BEVS; Feb 25th 2016 at 11:11 pm. Reason: Wee snip.
Eurythmics is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.