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Autumn update for Whangarei property investors
Welcome to Rentals.co's newsletter for April 2019. 
 

The temperature is cooling a little. There are indications sales have been easing, too, and that'll bring down house prices. Northland - though enjoying record highs over the past three years - may see fewer sales soon too. 
In this newsletter, we get Northland property owners thinking about opportunities to snap up outstanding property for reasonable prices. 


Got your eye on a good investment? Great! In this newsletter we give advice on:

  • Understanding what's typically included with Landlord Insurance
  • Knowing the difference between gradual and sudden damage to an investment property
  • What's happened to letting fees and who pays for quality property management services

What kind of insurance should I have as a landlord? 


Most insurers package together ‘landlord insurance’ – a suite of coverage reflecting how costly damage to a rental property can come from many angles.
Typical products within a Landlord Insurance package are:

  •  Loss of Rent - following property damage or other cause

  • Coverage for damage to tenants' contents caused by the property

  • Comprehensive house insurance

  • Major Malicious Damage

  • Fire & Explosion

  • Deliberate Damage by Tenant

  • Retaining Walls

  • Meth Contamination

  • Natural Disaster

  • Recreational Features (specifically pools and tennis courts)

  • Owners Legal Liability – this tends to have the highest level of insurance, at up to $2m coverage with many policies, and includes coverage over Bodily Injury and Defence Costs

Gradual versus sudden damage to the property: the difference can cost

 

If you own a Northland rental property, you’ll need to do a mixture of occasional and regular maintenance to keep the place ship-shape so you can get the most value from its rental yield. Tenants need to contribute and watch out for damage occurring suddenly or by degrees.
Click through for advice on how to tell the difference between gradual and sudden rental damage from Whangarei property management experts Rentals.co.

What Can Applicants Expect During The Tenancy Vetting / Reference Check Process?

Rentals.co is committed to matching great tenants with great properties. Here's how the application and vetting process works.
Property manager Ashley Inglis says everyone applying to rent through Rentals.co will be directed to TPS Credit Control, an efficient online system which helps match people’s data to ease the online application.
Those who haven’t used Tenancy.co.nz before will be asked for information around income, Work & Income or study status, credit, Tenancy Tribunal history and more. These checks are all done once a person has been shortlisted for a property.
Click through to find out what information applicants can expect Rentals.co to ask for. 

No letting fees: the upside for property investors


Buy a property for a great price, maximise its value and get good rental yield from great tenants
From December 12 2018 it became unlawful for a property manager to charge a tenant a letting fee thanks to the Residential Tenancies (Prohibiting Letting Fees) Amendment Act. 
The new way Rentals.co pays for the administration time it takes to match the right tenants to a property is this: Small increases in rent now cover the costs of letting services
Director Al Inglis says creating better houses, better landlords and better rental yield for Northland property owners is what Rentals.co is working towards. “We’re instead providing a value-added service. In return our fees are either the same or higher – and what we add is better value.”
Investors benefit from this. “We align with you, focused on returning your dividend. Instead of letting fees we maximise the rent and bring the investor an extra $10-$20 a week: it’s a long term gain for a short term loss.” Please click through to find out more.

 

Landlords, relax - let the Rentals Co handle it

Rentals.co has contacts who can help with every aspect of the landlord experience, leaving you to get on with your true passions. 
Rentals.co wears the following hats so you don't have to. 

💲 Debt collector 
🔧 Maintenance 
👷 Builder
📣 Tenant interface
📈 Valuer
👨‍⚖️ Lawyer
➕ Health and safety officer
👮 Security / compliance
✔️ ❌Vettor
🎅Giving you a restful break at Christmas with minimal worries

Please phone, email or visit if you have any questions about the safest investment: bricks and mortar property.
You’ll find our office on Reyburn Street, opposite White Cross and beside Uber Realty and Printing.com.

Click on through to enjoy our past newsletters

From the team at Rentals.co
ph 09 459 7139

www.RentalExperts.co.nz
Our  location is:

9-11 Reyburn Street
Whangarei, Northland 0110.
P.O Box 5043, Whangarei
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Rental Experts · 9-11 Reyburn Street · Whangarei, Ntl 0110 · New Zealand

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