Propertyscouts New Plymouth

Information for Investment Property Owners

Landlord Login

 

We Guarantee Property Owners their Rent

We are proud of the fact that we are the only Property Management company we know of offering landlords a ‘GUARANTEED RENT.’ That means that if during a tenancy that we have set-up and there are rental arrears (for whatever reason) we will pay the rent for a specified period and re-let the property at no cost to the owner. You have to be confident of your ability in order to do that - we are and that’s why we can! We call that a guarantee, our investment property owners call it ‘peace of mind’.

Yes, we charge for the excellent service we provide. You wouldn't expect much in return if we did it for free? Some owners prefer to try managing their investment property themselves. To them we say 'good luck' and if you want any help or advice along the way or maybe a rental appraisal then we are happy to oblige. Remember - it's very unlikely that the time and effort you personally put into managing your rental property will be tax deductible. With our help it almost certainly will be.

 

Rental Appraisals For Your Investment Property

We offer a free rental appraisal service. A rental appraisal provides detailed information on comparable rentals in your area. We research homes currently on the market for rent, homes which have rented, homes withdrawn from the market and expired rental listings. Unique characteristics of a property, current economic conditions and other factors will be considered to help determine the appropriate rental price.


The Tenancy Agreement

Once a tenant application is approved, we meet with the tenant to review the tenancy agreement, explain our procedures and answer any questions the tenant may have. We confirm the tenancy information, rent amount (paid in advance), and initial term of the lease and bond payment. We explain our inspections policy and our requirements for ensuring that the property remains in a good state of repair during the period of the tenancy. We review our cleaning guide and any special conditions pertinent to individual properties that may be included in the tenancy agreement.


Inspections

A thorough inspection is completed prior to the tenant commencing occupancy. This documents the condition of the property at the time of move-in and includes a photographic record. A follow-up routine inspection is completed approximately one month after the tenancy commences (provided everything is going well we normally reward the tenant with a small gift at this time) and then at three monthly intervals. At the end of the tenancy, a leaving inspection will be completed before any bond is refunded. Any damage in excess of normal wear and tear will result in a deduction from the tenant's bond. There is no charge for entry and exit inspections. Routine inspections are charged at $35 + GST.
 

Owner Payment and Statements

Owners are paid mid month and at the end of each calendar month. Payments are made based on all rents received, less our management fee and any invoices paid by Propertyscouts on behalf of owners. In addition to rental proceeds, you will receive a monthly statement itemising rental income and any deductions or expenses. Along with your statement, you will receive a copy of invoices for any work completed on your property. Annually, you will receive a comprehensive financial year-end statement for tax purposes.
 

Advertising your Property

Having a strong advertising strategy is important to minimise the amount of time it takes to find a suitable tenant. Most of the time we have tenants in our database who we know are looking for particular properties. That means that quite often, we are actually able to lease a property without advertising it. However, we often use our website, facebook, Trade Me and Realestate.co.nz for advertising a property.

How much will advertising cost me?

Hopefully nothing if we have a tenant we know of for your property. In the unlikely event that we don't, we pass the cost of Trade Me and Realestate.co.nz advertising on to you at $79 (plus GST) and $35 (plus GST) respectively. 

Repairs and Maintenance

Propertyscouts can take care of any repairs and maintenance that needs to be carried out to ensure your property remains in tip top condition. This means no fussing around on your part with the likes of contacting tradesmen, assessing quotes, corresponding with tenants and so on. Most property owners opt to have us take care of maintenance but if this is something you want to be involved in, we’re only too happy for that to be the case.

Propertyscouts use reliable and experienced maintenance staff for every home repair you may experience. All tenant maintenance requests are fully reviewed by us before any work is authorised. Before authorising repairs expected to exceed $400 we will contact the owner for approval.
 

Management Fees

Property owners are not required to pay any funds or fees up-front. An administration fee of $150 plus GST is retained from the first rent payment. The administration fee covers the cost of showing the property to potential tenants, entry and exit inspections, credit checks, reference checks and signing tenancy agreements. Propertyscouts charge a management fee of 8.4% + GST. We also offer promotional packages to ensure that property vacancies are kept to a minimum. If a tenant wishes to re-sign at the conclusion of a fixed term tenancy there is a tenancy agreement renewal fee of $105 + GST charged following the resigning.


Comprehensive Tenant Vetting

We qualify tenant applicants based on extensive financial checks (including previous rental history where applicable) and personal reference checks.

 

Minimise your risk, maximise your gains.
Leave the stress to other property investors
.

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