1 August 2018 Newsletter. - 1st Aug 2018

1 August 2018 Newsletter.

Occupancy rate 99.48%
Arrears 0.26% for July 2018

“What does it take to be a compliant Landlord in 2018 and beyond” – a free Property Investors Seminar.

Haven Property Management in conjunction with Real IQ hosted a well-attended seminar last night at Trailways Hotel in Nelson. Our keynote speaker David Faulkner spoke on the Healthy Homes Guarantee Bill and trends relating to Property Management around the country. Alex Davidson (Tax Specialist) addressed the issues of property ring-fencing, the Brightline Test and depreciation aspects of rental property chattels. Tom Pyatt (Mortgage and Insurance Specialist), Neil Allen (Legal Specialist), David Faulkner and Alex Davidson fronted a Question and Answer section providing insight into the burning questions faced by Landlords.
A link to the recording of the evening will be forwarded to all our Owners within the next few days.

Insulation: Have you got yours sorted?
Here at Haven Property Management, we are requesting free assessments for properties that have not had the insulation information provided to us by Owners. You will be aware through the media that the number of properties to be insulated throughout New Zealand is in the hundreds of thousands and the industry has the potential to insulate 40 – 50 thousand per year. Information is now in the media citing things like ‘dobbing in your Landlord’ whereby tenants are being encouraged to complain if their tenanted property is not up to the minimum standards required by 1 July 2019. There is a potential $4,000 fine that will be paid to the tenant!!
We encourage you to act on the quotes you may have received to date from us. If you have knowledge of the insulation in your properties, let us know so we can send out an Owners Declaration for your signature.
Industry Qualifications
The Property Managers at Haven Property Management are embarking on an industry training program in preparation for the regulation of the property management industry. Through Skills NZ and NZQA our staff are working toward a Level 4 Property Management qualification that when accompanied with the current Real Estate industry licences held will give Landlords peace of mind that their properties are in good hands.

Rental Market
There continues to be a shortage of quality rentals in Nelson Tasman. Media reports indicate that the region is the third least affordable for 1st home buyers placing additional pressure on the rental market.  Our occupancy levels are 99.48% for the month of July.
The median rent for the Nelson region across all rental dwellings in June 2018 was $397.66 (New Zealand Property Investor July 2018) an increase of 5.39% increase in the previous 12 months.

We would love to hear from you!

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Rental Disbursement
The next rental disbursement will be on Wednesday 15th of August for mid-month and Monday 3rd September 2018 for the end of the month.
From the team at Haven Property Management.
"More than just collecting the rent."

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