It's important to ask yourself "Do I have a thorough understanding of the RESIDENTIAL TENANCIES ACT and associated statutes?"
This is a highly specialised aspect of Real Estate and it is fraught with danger of litigation in almost every task you undertake. A competent Property Manager not only possesses a strong understanding of their role, they continually increase their knowledge of insurance requirements, changes to legislation and industry and market trends to ensure all clients achieve the highest level of service at all times. Agents are often engaged to pick up the pieces of poorly self managed properties after it has cost the owner countless hours in trying to resolve conflicts with their tenant, not to mention the monetary cost.
The tenant may sue you if you do not adhere strictly to the Residential Tenancies Act.
Discrimination, consumer protection, building and other statutes all impact on a tenancy.
Asking the right questions and getting the right answers before you place a tenant in a property can save untold heartache and frustration and may prevent potential financial burden.
Therefore, tenants listed on these databases are forced to rent privately.
If not you may be liable for a heavy penalty.
If not your advices may be totally invalid and you will have to start the procedure all over.
The procedure must be precise. If you are ill prepared with non compliant documentation, invalid notice periods or lack of evidence, justice may not fall on your side. Minor mistakes may cost you deary!
If it is not a precise record then it may have little or no value if needed for evidence.
The Residential Tenancies Act has a range of procedures that must be followed when goods are left at the property. Additionally, if you enter the property when possession has not been handed back you risk any compensation you may be entitled to; not to mention any penalties that may be imposed due to the breach of the Residential Tenancies Act.
At Harcourts Property Management we are serious about our commitment to provide the best property management service.Your goals and objectives are our primary consideration in the management of your property. Our Property Managers understand how the market impacts on your investment and will work with you to improve the yield from your property. We relieve any potential stress from owning investment property, we remain current with legislation and market drivers that effect your real estate investment.