We have put together some tips for those landlords who self-manage their residential rental property. It can be a challenging but rewarding job if done correctly.

Property advertising: attract good tenants with professional marketing and researching market rents in your area. Consider making a video or virtual walk-through tour for those who aren’t local.
Tenant screening: employ a thorough system to check backgrounds including credit checks and criminal records. Ensure you do this within the confines of the Privacy Act.
Legal compliance: keep rent ledgers and file photos for compliance with Healthy Homes, and stay up to date with law changes by attending webinars or courses.
Collecting rent: check payment has been made every time rent is due. If rent is late, manage the situation professionally.
Value your own time: calculate the cost of having to clean your rental at the end of the tenancy or attend the Tenancy Tribunal and know which costs can be claimed.

Alternatively, if you’d like to know more about the professional property management services offered by Home & Co for Wanaka property owners, we’d be delighted to discuss this with you. Simply contact us any time.