WEBVTT - Mike Atkinson: The dynamic between tenants and landlords is changing

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<v Speaker 1>You're listening to the Weekend Collective podcast from News Talks.

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<v Speaker 2>And welcome back to the One Roof Radio Show. I

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<v Speaker 2>was just saying to my producer t I said, well,

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<v Speaker 2>this music sucks, and She's like, this is exactly the

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<v Speaker 2>question that the tune you asked for. And I was thinking,

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<v Speaker 2>maybe it's not the version I'm thinking of, but yes,

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<v Speaker 2>you're right. Who's got the power or whatever? Welcome back.

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<v Speaker 2>I'm Tim Beverages. This is the One Roof Radio Show.

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<v Speaker 2>By the way, if you missed our panel with Annibin's

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<v Speaker 2>Francis and Pete wolf Camp, you can go and check

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<v Speaker 2>out where you get your podcasts and which I suggest

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<v Speaker 2>would be iHeartRadio. Just look for the Weekend Collective and

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<v Speaker 2>the way you go. But right now, as I say

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<v Speaker 2>it's One Roof Radio show, we have a new guest

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<v Speaker 2>with us. He is the managing director of a Spire

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<v Speaker 2>Property Management and his name is Mike Atkinson. And Mike,

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<v Speaker 2>good afternoon. How are you doing good?

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<v Speaker 3>Thank you happy to be here?

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<v Speaker 2>Yeah? Yeah, well we'll find out in about an hour's time.

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<v Speaker 2>Hey tell us how long have you been in the

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<v Speaker 2>property management game.

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<v Speaker 3>I've been running Aspire Property Management for twelve years, and

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<v Speaker 3>I've been in property management overall for coming up to twenty.

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<v Speaker 2>Now, what made you want to get into that.

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<v Speaker 3>I was in London and I had no money left

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<v Speaker 3>in my bank account and an ad in the gum

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<v Speaker 3>tree and I did my first day in property management.

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<v Speaker 3>I just loved it right away.

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<v Speaker 2>What was it you loved about it so much?

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<v Speaker 3>There's always something happening in property management, so you get

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<v Speaker 3>to do quite a lot of relationship building, you get

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<v Speaker 3>to go out to property. I do really like property.

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<v Speaker 3>You're always on the move, always something happening, and you

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<v Speaker 3>can make a difference in people's home life as well

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<v Speaker 3>if you do a good job for them.

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<v Speaker 2>Wow. We'll take into that a bit more in the moment.

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<v Speaker 2>But if you've joined US, eight hundred and eighty ten

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<v Speaker 2>eighty is the number you can text on nine two

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<v Speaker 2>nine two, and we're going to into with the recent

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<v Speaker 2>changes and tendency laws. You might remember that under the

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<v Speaker 2>previous government they got rid of ninety day notice periods,

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<v Speaker 2>which meant that it became very tricky to get rid

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<v Speaker 2>of a lousy tenant. But now that they're back in

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<v Speaker 2>one might argue that it is now easy for a

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<v Speaker 2>bad landlord to get rid of a really good tenant

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<v Speaker 2>and so it's hard to get the balance. But the

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<v Speaker 2>question is, and we want your calls on this, do

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<v Speaker 2>you think that it's that the government have made the

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<v Speaker 2>right moves restoring the ninety day notice period, which basically

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<v Speaker 2>means you don't have to have cause, you just have

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<v Speaker 2>to say ninety days see you later. Do you think

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<v Speaker 2>that that has been a shift towards restoring the balance

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<v Speaker 2>to where you'd like it to be already think was

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<v Speaker 2>a bad move. We want your calls on eight hundred

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<v Speaker 2>and eighty ten to eighty. And of course, as we've

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<v Speaker 2>briefly heard from Mike's experience in property management, you give

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<v Speaker 2>him a call if you've got some questions as well

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<v Speaker 2>you would like to get a bit of guidance on.

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<v Speaker 2>But yeah, so just a little bit more about the

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<v Speaker 2>London situation. How much different is London to New Zealand.

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<v Speaker 3>Well, I was working in Body corporate then, okay, and

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<v Speaker 3>yes it was a little bit different than the work

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<v Speaker 3>that I'm doing now. But it was very interesting as well.

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<v Speaker 2>Because what's the percentage of people in residential property who

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<v Speaker 2>would rent? And I mean, if you're in London, it

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<v Speaker 2>seemed that well, I didn't know anyone who owned just

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<v Speaker 2>about No, it.

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<v Speaker 3>Was pretty high. There was a big company over there

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<v Speaker 3>called Foxton's who did a lot of that, and it

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<v Speaker 3>was very dodgy over there, the rental management sector, and

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<v Speaker 3>I experienced it as a tenant anyway.

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<v Speaker 2>Were most people are a lot of tenancies over in London?

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<v Speaker 2>Are they sort of just still managed by landlords who've

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<v Speaker 2>got lodgers or they've got a spare room or a

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<v Speaker 2>spare of flat downstairs. But I don't know how it works.

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<v Speaker 3>I think it's a bit of a mix. They still

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<v Speaker 3>have people managing them privately and a few established agencies

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<v Speaker 3>as well.

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<v Speaker 2>Yeah, so okay, tell us what was the problem that

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<v Speaker 2>the government wanted to address when they brought back in

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<v Speaker 2>the ninety day notice period.

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<v Speaker 3>Well, the previous government bought in the you could only

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<v Speaker 3>get rid of a tenant if that met a certain

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<v Speaker 3>set of criteria, and I think they decided that was

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<v Speaker 3>a little bit too rigid and the landlords had given

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<v Speaker 3>up too much control. People wanted to be able to

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<v Speaker 3>have the final say on who stayed and who went

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<v Speaker 3>from a property that they owned.

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<v Speaker 2>Yeah, look, how I did talk back on this all

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<v Speaker 2>the time, and it did talk back on it quite

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<v Speaker 2>a bit, and it seemed that one of the problems

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<v Speaker 2>was that if you had really bad tenants sometimes it

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<v Speaker 2>was quite hard to get rid of them because one

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<v Speaker 2>you had to have neighbors who would give evidence, and

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<v Speaker 2>it became quite a rigmarole. And yet now we have

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<v Speaker 2>you know, you can give literally ninety days and somebody

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<v Speaker 2>could be a fantastic tenant and you could have a

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<v Speaker 2>landlord who's I don't know or to think that value

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<v Speaker 2>having tenants right now anyway, But what are the ills

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<v Speaker 2>that can come around simply by this system.

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<v Speaker 3>Yeah, I mean, I think it's given the landlords quite

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<v Speaker 3>a lot of power. So if you have a good

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<v Speaker 3>tenant and a bad landlord, that landlord can say, you

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<v Speaker 3>know what, let's just get rid of that person, and

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<v Speaker 3>it can make them have to move house, which is

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<v Speaker 3>a big undertaking, as we all know. So the new

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<v Speaker 3>legislation does have a retael notice stageboard into it. So

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<v Speaker 3>if you are a landlord and you issue a ninety

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<v Speaker 3>day notice and it is partly or wholly motivated by

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<v Speaker 3>a tenant having tried to exercise their rights, So for example,

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<v Speaker 3>a tenant saying, hey, the dishwash is broken.

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<v Speaker 2>No, you can't come around your notice.

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<v Speaker 3>Yeah, and then they just say, you know what, I

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<v Speaker 3>don't want to deal with you. Here's your ninety day notice. Well,

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<v Speaker 3>the tenant has twenty eight days to apply to the

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<v Speaker 3>tribunal to have the notice thrown out. Then they have

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<v Speaker 3>if they don't use it in the twenty eight days,

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<v Speaker 3>they've got up to a year to take the landlord

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<v Speaker 3>to the tribunal to seek to rule that that was

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<v Speaker 3>an unlawful notice. And if it's unlawful, it can be

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<v Speaker 3>up to six thousand, two hundred dollars fine for the landlord.

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<v Speaker 3>So they haven't gone back to the previous rules of

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<v Speaker 3>ninety days. Okay, they've added one extra layer in there

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<v Speaker 3>to protect tenants as well.

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<v Speaker 2>That does sound like quite a good layer. Where does

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<v Speaker 2>it sit for you? I guess you're dealing with this

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<v Speaker 2>all the time. I would have actually, I would guess

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<v Speaker 2>as a property manager, because you are acting for landlords

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<v Speaker 2>and looking after tenants and so you're interfacing. But I

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<v Speaker 2>guess you are the landlord's representatives, aren't you. So I

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<v Speaker 2>would have thought you'd like the restoration of the ninety

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<v Speaker 2>day period because it is because you guys aren't just

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<v Speaker 2>about turfing people out for fun. You like to have

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<v Speaker 2>people in properties, except the lousy ones.

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<v Speaker 3>Yeah, And I mean it's the same for a landlord

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<v Speaker 3>as well. If you ever do exercise your right to

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<v Speaker 3>use this ninety day notice, you are going to be

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<v Speaker 3>incurring quite a bit of cost. As a landlord. Your

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<v Speaker 3>property is probably going to be vacant for three weeks

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<v Speaker 3>because of your relationship's broken down so much with your

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<v Speaker 3>tenant that you give a ninety day notice, you're probably

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<v Speaker 3>not going to get viewings done there until after they leave.

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<v Speaker 3>You're going to pay your property manager a leading feet,

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<v Speaker 3>so they're still only going to be used in extreme circumstances.

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<v Speaker 3>It's not good business to get rid of tenants. When

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<v Speaker 3>you're a landlord, you don't get much rent without a tenant.

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<v Speaker 2>And actually, how as just while we're on that, how

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<v Speaker 2>is the sort of letting landscape in terms of the

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<v Speaker 2>balance between supply and demand.

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<v Speaker 3>Well, so at the moment, the ballot is definitely in

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<v Speaker 3>favor of the tenants. Around about June last year we

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<v Speaker 3>had five thousand, five hundred rental listings in Auckland. By

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<v Speaker 3>December it was up to six thousand, seven hundred and

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<v Speaker 3>now it is only just returning to five thousand, five

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<v Speaker 3>hundred levels now. So whenever there's over six thousand listings,

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<v Speaker 3>it feels like there's more.

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<v Speaker 2>Property in New Zealand or Auckland.

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<v Speaker 3>Auckland, sorry, yep. When there's more than six thousand, it

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<v Speaker 3>feels like there's not enough good tenants for the properties.

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<v Speaker 3>So it's like musical chairs and all of a sudden

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<v Speaker 3>it's around the other way. Instead of having people dying

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<v Speaker 3>to rent your property, you're actually struggling to find them.

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<v Speaker 3>So the market at the moment favors tenants, so they've

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<v Speaker 3>got an upper hand in that area in Auckland at

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<v Speaker 3>the moment.

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<v Speaker 2>How much pressure is there on landlords therefore too, I

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<v Speaker 2>mean people reducing their their rents or are they making

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<v Speaker 2>their properties more appealing instead, or what are they doing?

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<v Speaker 3>Well, if you've got a property that's really well looked

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<v Speaker 3>after and you know actually it's quite attractive to tenants,

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<v Speaker 3>you'll still be doing okay. When you've got a sort

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<v Speaker 3>of bull market, so to speak, Your even your bad

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<v Speaker 3>properties are going to get rented. But when as soon

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<v Speaker 3>as the market turns, which it has, if you've got

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<v Speaker 3>a property where you haven't invested in repairs and maintenance,

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<v Speaker 3>you'll be the last last property to go. So yeah,

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<v Speaker 3>people are dropping their rents, and you know, we're encouraging

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<v Speaker 3>our owners to use professional photos, get some painting done,

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<v Speaker 3>do something to make your properties stand out at the moment. Otherwise,

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<v Speaker 3>you know, it might be sitting online for four weeks plus.

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<v Speaker 2>And that Actually it's funny because when you think four

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<v Speaker 2>weeks so it's been empty for a few weeks, it

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<v Speaker 2>sounds like such a casual sort of comment to throw away,

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<v Speaker 2>But that can actually be quite a lot of rent

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<v Speaker 2>that you'd really count on, especially if you've got the

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<v Speaker 2>you know, you haven't managed to bring your mortgage right

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<v Speaker 2>down yet.

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<v Speaker 3>Or yeah, and then you normally would have to pay

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<v Speaker 3>your property manager one week's rent plus GST letting fee,

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<v Speaker 3>plus advertising costs and things like that. New tenant will

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<v Speaker 3>normally ask for some repairs and maintenance to be done.

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<v Speaker 3>So yeah, it can get expensive for landlords leaving your

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<v Speaker 3>properties empty at the moment.

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<v Speaker 2>Now I'm just trying to think, I'm not sure if

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<v Speaker 2>maybe do you like the way the law is at

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<v Speaker 2>the moment with ninety day period, if you were designing it,

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<v Speaker 2>if Mike Atkinson was designing the law around getting rid

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<v Speaker 2>of lousy tenants and keeping good ones and protecting tenants

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<v Speaker 2>at the same time. Is the legislation so ninety days?

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<v Speaker 2>But if it's vexatious or vindictive, I, as a tenant,

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<v Speaker 2>could say, hang on the man, I'm going to the

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<v Speaker 2>tennis tribunal because you're being to.

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<v Speaker 3>Give you a really good answer. I'd need to see

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<v Speaker 3>how this actually plays out by testing it, Because is

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<v Speaker 3>the tribunal going to say that if the tenant has

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<v Speaker 3>mentioned one thing about the grasp being not cut in

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<v Speaker 3>the right amount of time, does that throw out the

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<v Speaker 3>ninety day notice? How strict are they going to be?

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<v Speaker 3>But under the old law there was still quite good

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<v Speaker 3>avenues available to get rid of problem tenants. And I

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<v Speaker 3>did like the idea that people were able to know

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<v Speaker 3>that they weren't going to get kicked out of their houses.

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<v Speaker 2>I guess there is one thing that you can do

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<v Speaker 2>which so convinced that is to sign a fixed term tenancy.

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<v Speaker 2>Isn't it there is? I mean, do we seem of that?

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<v Speaker 3>We About five years ago I tried to convince tenants

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<v Speaker 3>to sign up for three year two year fixed term tenancies.

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<v Speaker 3>I couldn't get anyone to agree to sign up for

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<v Speaker 3>longer than twelve months. It just seems like, for some reason,

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<v Speaker 3>it's just bedded into the culture here that you sign

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<v Speaker 3>a twelve month fixed term tendency. Is that?

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<v Speaker 2>What are we commitment fobes? I don't know what it is,

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<v Speaker 2>but you might want to go to Australia. Oh, I'm

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<v Speaker 2>not sure. Things don't feel great. I don't want to

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<v Speaker 2>time a south down.

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<v Speaker 3>Yeah, but that so that is a way if you're

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<v Speaker 3>a tenant and you want to have some security of

0:10:33.601 --> 0:10:36.401
<v Speaker 3>tenure is approach your property manager or your landlord and

0:10:36.401 --> 0:10:39.041
<v Speaker 3>ask for extension. If you're on a periodic tendancy, you

0:10:39.081 --> 0:10:42.521
<v Speaker 3>can sign a new extension anyway. So you know that

0:10:42.561 --> 0:10:44.441
<v Speaker 3>gives you a bit of security around your property.

0:10:45.241 --> 0:10:47.441
<v Speaker 2>So how on, So what do you think of the law?

0:10:49.841 --> 0:10:52.161
<v Speaker 2>Would you would you tweak what we've got at the

0:10:52.201 --> 0:10:56.961
<v Speaker 2>moment still allowing notice? And it's actually we should point

0:10:57.001 --> 0:11:00.601
<v Speaker 2>out I'm going back on my you know, I studied

0:11:01.081 --> 0:11:03.281
<v Speaker 2>property law about thirty years ago or something, so I

0:11:03.321 --> 0:11:05.721
<v Speaker 2>can't remember too much about it, but maybe not quite

0:11:05.761 --> 0:11:08.601
<v Speaker 2>that long ago. But you can still give notice, say

0:11:08.641 --> 0:11:12.321
<v Speaker 2>for if you are a landlord and you have to

0:11:12.361 --> 0:11:14.801
<v Speaker 2>move back into the property yourself. That is still a

0:11:14.881 --> 0:11:17.281
<v Speaker 2>legitimate cause and always has been, hasn't it. Yeah, that

0:11:17.281 --> 0:11:19.641
<v Speaker 2>has always been, and that just shortweeks notice, doesn't They've

0:11:19.641 --> 0:11:21.681
<v Speaker 2>shortened them down to forty two now to give a

0:11:21.721 --> 0:11:23.601
<v Speaker 2>little bit less time. Okay.

0:11:23.721 --> 0:11:26.001
<v Speaker 3>At the same time, they've also now tenants only have

0:11:26.041 --> 0:11:27.921
<v Speaker 3>to give twenty one days notice if they want to

0:11:28.001 --> 0:11:29.721
<v Speaker 3>leave a periodic tendency.

0:11:30.041 --> 0:11:31.801
<v Speaker 2>So would you go with the law as it was

0:11:31.881 --> 0:11:33.361
<v Speaker 2>or as it is now, or with some sort of

0:11:33.401 --> 0:11:35.241
<v Speaker 2>subtle change because we're going to play around. It's fun

0:11:35.281 --> 0:11:36.601
<v Speaker 2>to play around with these things, and no one's going

0:11:36.641 --> 0:11:37.081
<v Speaker 2>to quote you.

0:11:37.481 --> 0:11:40.601
<v Speaker 3>I would say the old law, with a bit more

0:11:40.641 --> 0:11:44.001
<v Speaker 3>action from the tenancy tribunal not making it so impossible

0:11:44.041 --> 0:11:47.201
<v Speaker 3>to prove that a tenant is antisocial, would probably have

0:11:47.281 --> 0:11:50.961
<v Speaker 3>been a better system. But the tendancy tribunal lags behind.

0:11:51.361 --> 0:11:53.921
<v Speaker 3>And I'm also not sure how the tenancy tribunal is

0:11:53.961 --> 0:11:56.561
<v Speaker 3>going to interpret the new changes.

0:11:57.041 --> 0:11:59.001
<v Speaker 2>Do you guys have a lot of mean I'm guessing

0:11:59.041 --> 0:12:00.281
<v Speaker 2>this is a dumb question, but do you have a

0:12:00.321 --> 0:12:02.121
<v Speaker 2>lot of involvement with the tendency tribunal?

0:12:02.601 --> 0:12:05.241
<v Speaker 3>We do, Yes, We go probably once every two week.

0:12:06.201 --> 0:12:09.161
<v Speaker 3>A lot of the times it's just unpaid rent, but

0:12:09.241 --> 0:12:11.321
<v Speaker 3>it can be any sort of dispute these days. Who

0:12:11.321 --> 0:12:13.521
<v Speaker 3>should pay for cockroaches? Who should pay for.

0:12:15.201 --> 0:12:19.521
<v Speaker 2>Sounds like rare. It's some sort of dodge you take away, John, Yeah, Actually,

0:12:19.521 --> 0:12:20.001
<v Speaker 2>what's that mean?

0:12:20.041 --> 0:12:20.321
<v Speaker 3>What a man?

0:12:20.401 --> 0:12:22.721
<v Speaker 2>Who should pay for cockroaches? What is it? What is it?

0:12:22.841 --> 0:12:23.801
<v Speaker 2>Even that question? What's that?

0:12:23.801 --> 0:12:23.961
<v Speaker 4>Well?

0:12:24.561 --> 0:12:26.401
<v Speaker 3>You can have Let's say a tenant's been in the

0:12:26.401 --> 0:12:28.321
<v Speaker 3>property for two years and then all of a sudden

0:12:28.441 --> 0:12:31.161
<v Speaker 3>there's just a lot of cockroaches in the property. It

0:12:31.201 --> 0:12:33.281
<v Speaker 3>can be once you've been in for about two years,

0:12:33.281 --> 0:12:36.401
<v Speaker 3>it's normally assumed that you, as the tenant, has probably

0:12:36.561 --> 0:12:39.841
<v Speaker 3>allowed this cockroach infestation to come in. But if the

0:12:39.881 --> 0:12:41.921
<v Speaker 3>property has only been you know, if you only moved

0:12:41.961 --> 0:12:43.921
<v Speaker 3>in for a couple of months, that was probably there

0:12:44.081 --> 0:12:46.801
<v Speaker 3>when you moved in. And so then you get a

0:12:46.801 --> 0:12:49.121
<v Speaker 3>two hundred dollar bill for getting rid of the cockroaches.

0:12:49.201 --> 0:12:51.321
<v Speaker 3>Landlord doesn't want to pay, tenant doesn't want to pay,

0:12:51.321 --> 0:12:52.601
<v Speaker 3>and off to the tribune.

0:12:52.281 --> 0:12:55.081
<v Speaker 2>Or you go, wow, I never knew that that was

0:12:55.161 --> 0:12:58.041
<v Speaker 2>who's paying for the cockroaches? We'll say that these are

0:12:58.081 --> 0:13:00.401
<v Speaker 2>the big topics that well, I looked seriously though, if

0:13:00.401 --> 0:13:01.921
<v Speaker 2>you've got a few cup I mean, what does the

0:13:01.921 --> 0:13:03.801
<v Speaker 2>bad cockroach infestation look like?

0:13:03.921 --> 0:13:06.841
<v Speaker 3>Well, it depends if they're German cockroach. For a native.

0:13:10.161 --> 0:13:13.281
<v Speaker 2>It sounds slightly munty. Pythony asked, But look, we want

0:13:13.321 --> 0:13:15.521
<v Speaker 2>to take your cause. If you do you think that

0:13:15.841 --> 0:13:17.201
<v Speaker 2>the government was right to bring the back in the

0:13:17.241 --> 0:13:19.801
<v Speaker 2>notice period. Look my gut reaction, but I'm not I'm

0:13:19.801 --> 0:13:22.961
<v Speaker 2>not a landlord or a tenant. Fortunately that if I

0:13:23.001 --> 0:13:25.521
<v Speaker 2>had a bad tenant, I wouldn't want to have basically,

0:13:25.561 --> 0:13:27.921
<v Speaker 2>wouldn't want to have to go near the tenancy tribunal

0:13:27.921 --> 0:13:29.441
<v Speaker 2>because it just sounds like one big house or so

0:13:29.441 --> 0:13:31.201
<v Speaker 2>I'd be like, I'd want to just give them notice.

0:13:31.281 --> 0:13:33.761
<v Speaker 2>But of course, if you're an unscrupulous landlord, there are

0:13:33.801 --> 0:13:35.361
<v Speaker 2>lots of good people who can be in the way

0:13:35.401 --> 0:13:37.041
<v Speaker 2>of that. So what do you reckon? Do you think

0:13:37.041 --> 0:13:39.121
<v Speaker 2>the government have got it right or would you like

0:13:39.161 --> 0:13:41.121
<v Speaker 2>to see the ninety days scrapped and go back to

0:13:41.161 --> 0:13:44.761
<v Speaker 2>the former system Maybe weether slightly more effective tenancy tribunal.

0:13:45.001 --> 0:13:46.841
<v Speaker 2>And the number is eight hundred and eighty ten eighty.

0:13:47.201 --> 0:13:49.641
<v Speaker 2>Text is nine two nine two. My guest is a

0:13:49.681 --> 0:13:52.241
<v Speaker 2>new guest on the Wonderrouf radio shows Mike Atkinson from

0:13:52.241 --> 0:13:54.601
<v Speaker 2>a SPA Property Management. We'll be back in just a moment.

0:13:54.681 --> 0:14:19.961
<v Speaker 2>It's twenty past four. Yes, welcome back to the Weekend Collective.

0:14:19.961 --> 0:14:23.081
<v Speaker 2>There's a one roof radio show where with Mike Atkinsoni's

0:14:23.081 --> 0:14:26.721
<v Speaker 2>managing director Aspire Property Management. Actually, just how do people

0:14:26.721 --> 0:14:29.481
<v Speaker 2>get in touch with your company? Mike, Hang on a second,

0:14:29.481 --> 0:14:30.681
<v Speaker 2>I'll just turn your microphone on. There we go.

0:14:30.921 --> 0:14:33.201
<v Speaker 3>They can go to our website Aspire Property dot co

0:14:33.241 --> 0:14:35.441
<v Speaker 3>dot nz and they can get in touch with us

0:14:35.441 --> 0:14:35.761
<v Speaker 3>that way.

0:14:36.001 --> 0:14:38.401
<v Speaker 2>I imagine it's if they just Google your company as well.

0:14:38.401 --> 0:14:41.081
<v Speaker 2>Google'srett effective at getting you as one of the top hits,

0:14:41.081 --> 0:14:44.161
<v Speaker 2>isn't it. It is Aspire Property Management, right. I'm still

0:14:44.201 --> 0:14:47.081
<v Speaker 2>hung up on this German versus casual cockroach sort of

0:14:47.081 --> 0:14:49.841
<v Speaker 2>thing before we but we'll dig into that in a moment.

0:14:50.761 --> 0:14:52.001
<v Speaker 2>Let's go to Ivan.

0:14:52.081 --> 0:14:55.041
<v Speaker 4>Good a, Yeah, good, good afternoon.

0:14:55.961 --> 0:14:59.441
<v Speaker 5>I just wanted to ask the guys. You guys built

0:14:59.481 --> 0:15:01.841
<v Speaker 5>a brand new town here. It's not doubt for rental,

0:15:02.001 --> 0:15:05.441
<v Speaker 5>right had I had tenants and I haven't managed and

0:15:06.401 --> 0:15:09.921
<v Speaker 5>anyhow I thought they were doing a good job managing it,

0:15:10.001 --> 0:15:13.561
<v Speaker 5>but obviously they weren't the fight after three and a

0:15:13.641 --> 0:15:17.161
<v Speaker 5>half four years, I actually had a went inside the

0:15:17.201 --> 0:15:21.801
<v Speaker 5>place to have a look and and the property. They

0:15:21.841 --> 0:15:25.481
<v Speaker 5>had fans poured all over the carpet and from here

0:15:25.521 --> 0:15:28.361
<v Speaker 5>and there. It was a terrible mess. They had animal

0:15:28.481 --> 0:15:32.921
<v Speaker 5>damage to the carpet. They had they demaged the garage door.

0:15:33.561 --> 0:15:37.161
<v Speaker 5>They had broken the spouting with a camper van. We

0:15:37.481 --> 0:15:42.281
<v Speaker 5>went up against it and that, and they had.

0:15:42.201 --> 0:15:45.401
<v Speaker 2>Fat right, right, it sounds pretty bad.

0:15:46.521 --> 0:15:49.841
<v Speaker 5>Fat on the oven, right, And I had the electrician bowling,

0:15:49.921 --> 0:15:51.961
<v Speaker 5>but it was a fire hairs. I had to replace it.

0:15:53.761 --> 0:15:55.201
<v Speaker 5>I took him in to have a look at it.

0:15:55.561 --> 0:15:59.161
<v Speaker 5>And anyhow, the whole ones I went to the private uni, right, yep,

0:15:59.161 --> 0:16:01.961
<v Speaker 5>we're with ye, And the tribeian just sat there and

0:16:02.041 --> 0:16:05.041
<v Speaker 5>smiled at me. All right, yeah, And they said care

0:16:05.201 --> 0:16:09.761
<v Speaker 5>you and can you prove that this was intentional damage

0:16:11.041 --> 0:16:14.681
<v Speaker 5>by the tenant. I just know what I could proved

0:16:14.681 --> 0:16:18.561
<v Speaker 5>an intention or she intentionally did it, all right? Of

0:16:18.601 --> 0:16:20.881
<v Speaker 5>course they said, well you've got to claim insurance. So

0:16:21.401 --> 0:16:24.721
<v Speaker 5>insurance each time they spuilt the old tina on the

0:16:24.881 --> 0:16:28.761
<v Speaker 5>on the carpet, that was a separate claim. And there

0:16:28.801 --> 0:16:31.241
<v Speaker 5>was a live the place, so everyone was a seam

0:16:31.321 --> 0:16:35.041
<v Speaker 5>or there was an excess of seven of them, so

0:16:35.241 --> 0:16:38.121
<v Speaker 5>you know it was I saw it as being really unfit.

0:16:38.281 --> 0:16:40.081
<v Speaker 5>Now was that more still in place?

0:16:40.361 --> 0:16:40.601
<v Speaker 4>Right?

0:16:41.001 --> 0:16:45.561
<v Speaker 2>Yeah? Okay, thanks thanks Ivan, Mike, what do you what

0:16:45.641 --> 0:16:46.161
<v Speaker 2>do you reckon?

0:16:47.841 --> 0:16:49.801
<v Speaker 3>Well, that's the thing when we were talking about who

0:16:49.881 --> 0:16:53.641
<v Speaker 3>has the power overall, is that at the moment because

0:16:53.641 --> 0:16:55.641
<v Speaker 3>of that ninety day noticed, landlords have the power, but

0:16:55.801 --> 0:16:59.041
<v Speaker 3>throughout the sort of life cycle of a tenant, and

0:16:59.081 --> 0:17:01.441
<v Speaker 3>what this caller was discussing is an example of where

0:17:01.441 --> 0:17:03.521
<v Speaker 3>the tenants have the power and when it comes to

0:17:03.641 --> 0:17:07.601
<v Speaker 3>dispute resolution if you go to the tenancy tribunal. That

0:17:07.681 --> 0:17:11.081
<v Speaker 3>caller's story is incredibly common for people where you have

0:17:11.121 --> 0:17:14.481
<v Speaker 3>a tenant and they let the property go really downhill,

0:17:14.601 --> 0:17:16.641
<v Speaker 3>and you go to the tribunal and they treat you

0:17:16.721 --> 0:17:20.841
<v Speaker 3>like you're the bad guy and you are awarded next

0:17:20.921 --> 0:17:22.721
<v Speaker 3>to nowhere towards your cost.

0:17:22.841 --> 0:17:27.561
<v Speaker 2>Well, why does that happen? Because my understanding that intentional

0:17:27.641 --> 0:17:30.481
<v Speaker 2>damage is also to do negligence is another thing as well.

0:17:31.041 --> 0:17:34.121
<v Speaker 2>If you are deliberately leaving things uncleaned and well we

0:17:34.241 --> 0:17:35.481
<v Speaker 2>get to the cockrate just then, don't we.

0:17:35.721 --> 0:17:39.161
<v Speaker 3>But anyway, yeah, so careless and intentional is supposed to

0:17:39.161 --> 0:17:43.201
<v Speaker 3>be paid by the tenant, But if the landlord has insurance,

0:17:43.321 --> 0:17:46.561
<v Speaker 3>then they can claim the excess or the rent up

0:17:46.561 --> 0:17:49.161
<v Speaker 3>to four weeks rent, whichever is lower. But then your

0:17:49.161 --> 0:17:52.121
<v Speaker 3>insurance company will do as this caller said, and every

0:17:52.201 --> 0:17:54.521
<v Speaker 3>drop on the carpet is one extra excess.

0:17:55.721 --> 0:17:57.721
<v Speaker 2>Well that's pretty obnoxious, isn't it.

0:17:57.881 --> 0:18:00.041
<v Speaker 3>Yeah, So in an example like that, if you've had

0:18:00.081 --> 0:18:02.681
<v Speaker 3>a property manager looking after the property for four years

0:18:02.721 --> 0:18:05.001
<v Speaker 3>and it's been one tenant and it's gotten to four

0:18:05.241 --> 0:18:09.241
<v Speaker 3>years where you've finally seen the property, I would recommend

0:18:09.281 --> 0:18:11.561
<v Speaker 3>that you go and review the routine inspection reports that

0:18:11.561 --> 0:18:14.561
<v Speaker 3>you've been sent and have a look to see if

0:18:14.601 --> 0:18:17.801
<v Speaker 3>this happened quickly. Was the property manager doing their job,

0:18:18.641 --> 0:18:20.961
<v Speaker 3>because you go to the tenancy tribunal to hold the

0:18:21.041 --> 0:18:24.201
<v Speaker 3>tenant to account. But if you have a property manager

0:18:24.201 --> 0:18:26.161
<v Speaker 3>and they've been charging you twenty seven hundred dollars a

0:18:26.241 --> 0:18:28.121
<v Speaker 3>year to manage the property and they haven't been doing

0:18:28.161 --> 0:18:30.561
<v Speaker 3>the job, then you may have a claim against the

0:18:30.561 --> 0:18:31.281
<v Speaker 3>property manager.

0:18:31.481 --> 0:18:34.961
<v Speaker 2>Ah, the problem is litigation. I mean, for the most

0:18:35.361 --> 0:18:37.761
<v Speaker 2>I think that's why I still prefer the notice thing

0:18:37.801 --> 0:18:43.881
<v Speaker 2>because for most people busy live big responsibilities with owning

0:18:43.921 --> 0:18:46.841
<v Speaker 2>property or and just our general lives. The idea of

0:18:46.881 --> 0:18:49.841
<v Speaker 2>having to go to a tribunal would probably I mean,

0:18:49.921 --> 0:18:52.481
<v Speaker 2>this is the argument why you'd have a property manager, really,

0:18:52.521 --> 0:18:54.281
<v Speaker 2>isn't it. Yeah. I know you're not here to spruk

0:18:54.321 --> 0:18:57.521
<v Speaker 2>for that necessarily, but look, to be honest, every expert

0:18:57.521 --> 0:18:59.961
<v Speaker 2>who's involved with property we've had on this show who

0:18:59.961 --> 0:19:02.641
<v Speaker 2>are investors, they say, unless you are prepared to give

0:19:02.641 --> 0:19:05.521
<v Speaker 2>one hundred percent of your time to managing your and

0:19:05.561 --> 0:19:07.481
<v Speaker 2>you know what you're doing, you should give it to

0:19:07.521 --> 0:19:09.641
<v Speaker 2>a property manager in the first place, which would obviously

0:19:09.641 --> 0:19:10.761
<v Speaker 2>be your stance as well.

0:19:10.961 --> 0:19:13.241
<v Speaker 3>Yes, but when you are choosing a property manager, you

0:19:13.241 --> 0:19:15.801
<v Speaker 3>do need to do some due diligence about which manager

0:19:15.881 --> 0:19:19.201
<v Speaker 3>you're choosing to make sure that the person that you're

0:19:19.201 --> 0:19:20.881
<v Speaker 3>trusting to look after the property is going to do

0:19:20.881 --> 0:19:21.761
<v Speaker 3>a good job as well.

0:19:22.401 --> 0:19:25.321
<v Speaker 2>Is there a lesson or something that you can advise

0:19:25.361 --> 0:19:28.321
<v Speaker 2>on with regard to insurance policies as well, Because if

0:19:28.361 --> 0:19:30.641
<v Speaker 2>you're going to get someone who said, look, you know,

0:19:30.681 --> 0:19:33.241
<v Speaker 2>oka your coffee table's being damaged by hot plates being

0:19:33.321 --> 0:19:36.041
<v Speaker 2>on it, that's one claim, then this claim than that claim.

0:19:36.081 --> 0:19:38.801
<v Speaker 2>Before you know, you've got how many thousands of bucks

0:19:38.841 --> 0:19:42.441
<v Speaker 2>in excess. Just about can you get policies which cover

0:19:43.841 --> 0:19:45.521
<v Speaker 2>the event being the crappy tenant?

0:19:45.761 --> 0:19:48.881
<v Speaker 3>Yeah, so you can always take I'd recommend that people

0:19:48.921 --> 0:19:51.641
<v Speaker 3>take tenancy or landlord insurance as well, so that's on

0:19:51.681 --> 0:19:54.441
<v Speaker 3>top of your normal insurance. So that will give you

0:19:54.521 --> 0:19:56.841
<v Speaker 3>cover when the tenant doesn't pay the rent and you

0:19:56.841 --> 0:19:59.641
<v Speaker 3>get left significantly out of pocket. And then when you're

0:19:59.681 --> 0:20:03.641
<v Speaker 3>choosing your insurance policy, obviously the premiums are lower when

0:20:03.681 --> 0:20:05.881
<v Speaker 3>you have a higher excess. When you have a really

0:20:05.961 --> 0:20:08.601
<v Speaker 3>high excess, and they say excess for every event, you're

0:20:08.641 --> 0:20:11.241
<v Speaker 3>actually you don't have insurance because the excess is just

0:20:11.281 --> 0:20:11.641
<v Speaker 3>so high.

0:20:11.681 --> 0:20:12.961
<v Speaker 2>Do you know much it costs for that sort of

0:20:13.041 --> 0:20:17.001
<v Speaker 2>extra insurance? Because of course, you know, owning, buying an

0:20:17.001 --> 0:20:19.401
<v Speaker 2>investment properties expensive, You've got your mortgage and you've got

0:20:19.401 --> 0:20:22.441
<v Speaker 2>your normal insurance. Is that another cost that would frighten

0:20:22.481 --> 0:20:23.681
<v Speaker 2>people off? What is it reasonable?

0:20:24.001 --> 0:20:26.481
<v Speaker 3>It's about three hundred and fifty dollars per year to

0:20:26.521 --> 0:20:28.121
<v Speaker 3>get this sort of tendency insurance.

0:20:28.521 --> 0:20:30.601
<v Speaker 2>I love the suspense I felt there when you said

0:20:30.601 --> 0:20:32.721
<v Speaker 2>it's about three hundred and fifty dollars per and I

0:20:32.761 --> 0:20:36.241
<v Speaker 2>was like, drum roll, please, per year. Yeah sounds too good.

0:20:36.321 --> 0:20:38.121
<v Speaker 3>Yeah, so it's very reasonable and it gives you quite

0:20:38.121 --> 0:20:40.561
<v Speaker 3>a bit of cover and some methan fitamine protection and

0:20:40.601 --> 0:20:41.241
<v Speaker 3>stuff as well.

0:20:42.161 --> 0:20:45.601
<v Speaker 2>Bloody brilliant. Okay, that does sound good. Look, before we

0:20:45.601 --> 0:20:47.201
<v Speaker 2>go to our next caller, just a couple of texts here,

0:20:47.281 --> 0:20:50.601
<v Speaker 2>High Zib can you ask Mike, my wife and I

0:20:50.641 --> 0:20:53.161
<v Speaker 2>have a tenant who won't mow the lawn, put the rubbishout,

0:20:53.241 --> 0:20:55.681
<v Speaker 2>or pay rent on time. As soon as we give

0:20:55.681 --> 0:20:59.001
<v Speaker 2>a ten day notice, he sorts the issues out. We

0:20:59.281 --> 0:21:03.961
<v Speaker 2>just served the eleventh ten day notice in fifteen months.

0:21:04.641 --> 0:21:06.681
<v Speaker 2>Is there a way we can give notice to leave? Well,

0:21:06.721 --> 0:21:08.121
<v Speaker 2>I think we know the answer to that, don't we.

0:21:08.401 --> 0:21:11.041
<v Speaker 3>They can, but also it's a fourteen day notice, not

0:21:11.081 --> 0:21:12.721
<v Speaker 3>a ten day notice, so they won't want to be

0:21:12.761 --> 0:21:14.361
<v Speaker 3>relying on those anytime soon.

0:21:14.561 --> 0:21:18.121
<v Speaker 2>Okay, maybe they're thinking ten business data.

0:21:18.201 --> 0:21:20.321
<v Speaker 3>Yeah, true, true, Yeah, so you can give those. They

0:21:20.321 --> 0:21:22.641
<v Speaker 3>can just use the ninety day notice provided it's a

0:21:22.641 --> 0:21:26.601
<v Speaker 3>periodic tendancy. But if you are issuing, if it's a

0:21:26.641 --> 0:21:29.641
<v Speaker 3>fixed term tenancy and you're issuing repeated fourteen day notices

0:21:29.641 --> 0:21:31.881
<v Speaker 3>for the same infringement, you can apply to the tenancy

0:21:31.921 --> 0:21:34.481
<v Speaker 3>tribunal only cost twenty two dollars and you can go

0:21:34.521 --> 0:21:36.481
<v Speaker 3>along and try to get the tenancy ended that way.

0:21:36.761 --> 0:21:38.041
<v Speaker 2>And how quickly would that end.

0:21:37.921 --> 0:21:41.081
<v Speaker 3>It depends on where you are in the country. The

0:21:41.081 --> 0:21:43.801
<v Speaker 3>tribunal process, just getting your date in front of the

0:21:43.841 --> 0:21:46.921
<v Speaker 3>adjudicator can take up to sort of six weeks.

0:21:46.961 --> 0:21:51.401
<v Speaker 2>Funny. It's funny because it sounds with tenancies and I

0:21:51.441 --> 0:21:53.201
<v Speaker 2>know it's not sort of like district court and it's

0:21:53.201 --> 0:21:55.881
<v Speaker 2>supposed to be accessible and stuff. But the only thing

0:21:55.921 --> 0:21:57.801
<v Speaker 2>I can I always remind myself as well, is that

0:21:57.841 --> 0:22:00.521
<v Speaker 2>the consequences for anyone who falls afoul of the tenancy

0:22:00.561 --> 0:22:03.961
<v Speaker 2>tribunal is having to either find a new tenant or

0:22:04.001 --> 0:22:06.601
<v Speaker 2>find a new home. Quite big stuff, really, isn't it.

0:22:06.601 --> 0:22:09.241
<v Speaker 3>It is, So that's why they can't streamline it too

0:22:09.281 --> 0:22:11.601
<v Speaker 3>much because some of the issues they deal with are

0:22:12.281 --> 0:22:16.641
<v Speaker 3>quite important. But they know sixty five percent of tribunal

0:22:16.641 --> 0:22:21.401
<v Speaker 3>applications in twenty twenty three were landlords just seeking unpaid rent.

0:22:21.601 --> 0:22:23.721
<v Speaker 3>So I think they need to stop doing those in

0:22:23.761 --> 0:22:26.841
<v Speaker 3>person and start doing those over the phone, and that

0:22:26.881 --> 0:22:29.161
<v Speaker 3>will free them up have more time to deal with

0:22:29.201 --> 0:22:31.121
<v Speaker 3>the more complicated matters.

0:22:31.161 --> 0:22:33.801
<v Speaker 2>Some question, do all property managers charge the same, are

0:22:33.801 --> 0:22:34.361
<v Speaker 2>they generally?

0:22:34.841 --> 0:22:37.441
<v Speaker 3>That twenty two dollar fee was just what the government charge.

0:22:37.681 --> 0:22:39.881
<v Speaker 2>I'm just thinking in terms of if you've got a

0:22:39.881 --> 0:22:42.441
<v Speaker 2>property manager, is there a standard sort of charge or

0:22:42.681 --> 0:22:44.161
<v Speaker 2>some some more equal than others.

0:22:44.961 --> 0:22:47.441
<v Speaker 3>Ranges from sort of six point five percent up to

0:22:47.481 --> 0:22:49.441
<v Speaker 3>sort of nine percent, depending on where you are in

0:22:49.441 --> 0:22:51.641
<v Speaker 3>the country. The lower the average rent in your area,

0:22:51.681 --> 0:22:54.481
<v Speaker 3>the higher the management fee percentages typically.

0:22:54.681 --> 0:22:56.481
<v Speaker 2>Oh, because of the work that goes into.

0:22:56.321 --> 0:22:58.761
<v Speaker 3>Yeah, about the same. I mean, you've got to be

0:22:58.841 --> 0:23:02.601
<v Speaker 3>renumerated through the percentage model. There are some people that

0:23:02.641 --> 0:23:04.401
<v Speaker 3>do flat rate fees.

0:23:05.081 --> 0:23:07.481
<v Speaker 2>That's why you said. If you're paying your property manager,

0:23:07.521 --> 0:23:10.681
<v Speaker 2>say two six hundred dollars a year, that's taken into accounts,

0:23:10.721 --> 0:23:12.601
<v Speaker 2>so you're going to be paying it in a cheap market,

0:23:12.601 --> 0:23:14.721
<v Speaker 2>but it'll be a high percentage because simply the work

0:23:14.801 --> 0:23:15.401
<v Speaker 2>is still the same.

0:23:15.521 --> 0:23:18.121
<v Speaker 3>Yeah, that's about the average rate that people will charge.

0:23:17.921 --> 0:23:19.921
<v Speaker 2>Across the country. Okay, there we go. Right, let's take

0:23:19.961 --> 0:23:21.321
<v Speaker 2>some more calls Gary High.

0:23:22.241 --> 0:23:23.521
<v Speaker 4>Hello, how are you good?

0:23:23.561 --> 0:23:24.401
<v Speaker 2>Thanks?

0:23:25.441 --> 0:23:27.521
<v Speaker 4>We have a property in another part of the country.

0:23:27.721 --> 0:23:30.121
<v Speaker 4>Not going to go into too many details, easy enough

0:23:30.121 --> 0:23:33.881
<v Speaker 4>to fly back and forth from there. Currently, the property

0:23:33.921 --> 0:23:40.041
<v Speaker 4>managers in the last eighteen months have been inspecting in

0:23:40.121 --> 0:23:44.121
<v Speaker 4>On every inspection, they're pretty much coming back with things

0:23:44.161 --> 0:23:47.681
<v Speaker 4>to do which aren't critical, but in a couple of

0:23:47.681 --> 0:23:52.121
<v Speaker 4>times because we have an excess on it, saying spend

0:23:52.201 --> 0:23:54.401
<v Speaker 4>up to five hundred and then send us the bill,

0:23:54.521 --> 0:23:57.201
<v Speaker 4>and they seem to like to do that almost every time.

0:23:57.721 --> 0:24:00.881
<v Speaker 4>So we're thinking of dropping them and just flying there

0:24:00.921 --> 0:24:06.001
<v Speaker 4>ourselves and doing our inspections and doing the maintenance off

0:24:06.081 --> 0:24:08.761
<v Speaker 4>our own back, because I think we can say that

0:24:08.801 --> 0:24:10.721
<v Speaker 4>ourselves up to two thousand dollars.

0:24:11.041 --> 0:24:13.681
<v Speaker 2>Are you seeking? Are you seeking some confirmation that this

0:24:13.681 --> 0:24:16.041
<v Speaker 2>could be a good move or some or some warning

0:24:16.201 --> 0:24:17.001
<v Speaker 2>or some warning.

0:24:16.881 --> 0:24:22.041
<v Speaker 4>Never hold you to anything just during the fat Okay, what.

0:24:22.001 --> 0:24:23.601
<v Speaker 2>Are your thoughts on that, Mike?

0:24:24.601 --> 0:24:26.641
<v Speaker 3>What happens when your tenant moves out and you need

0:24:26.641 --> 0:24:29.601
<v Speaker 3>to find a new tenant.

0:24:30.641 --> 0:24:32.841
<v Speaker 4>We would have to do that ourselves.

0:24:33.961 --> 0:24:36.121
<v Speaker 3>Yeah, and I mean that's my That would be a

0:24:36.161 --> 0:24:38.121
<v Speaker 3>reservations if you have to fly down and do it.

0:24:38.121 --> 0:24:41.241
<v Speaker 3>It's actually not as hard to manage the ongoing process remotely,

0:24:41.281 --> 0:24:43.201
<v Speaker 3>but when you need to go to the property and

0:24:43.321 --> 0:24:46.121
<v Speaker 3>do things like that, you know it's not it's not

0:24:46.161 --> 0:24:49.081
<v Speaker 3>impossible to do it and there are resources online to

0:24:49.121 --> 0:24:53.281
<v Speaker 3>help you if I was, if I sell my business

0:24:53.441 --> 0:24:55.841
<v Speaker 3>and still have my rental properties, I won't be managing

0:24:55.841 --> 0:24:58.361
<v Speaker 3>my own properties. I think it's I think it's it's

0:24:58.401 --> 0:25:00.801
<v Speaker 3>hard to do, and I would rather spend my time

0:25:00.841 --> 0:25:02.081
<v Speaker 3>focusing on another endeavor.

0:25:02.161 --> 0:25:04.881
<v Speaker 2>I guess Garry, the question would be, is your ten

0:25:05.321 --> 0:25:08.561
<v Speaker 2>because some some landlords have a feeling for the fact

0:25:08.561 --> 0:25:10.441
<v Speaker 2>that their tenant's going to be there for a long time,

0:25:10.481 --> 0:25:12.241
<v Speaker 2>and then other times it wouldn't acclue. Do you have

0:25:12.641 --> 0:25:15.201
<v Speaker 2>any level of confidence that.

0:25:15.041 --> 0:25:18.561
<v Speaker 4>You are comfortable tenant is the will stay there?

0:25:18.641 --> 0:25:22.961
<v Speaker 2>Yes, well, that's okay. How far do you have to fly?

0:25:23.041 --> 0:25:26.241
<v Speaker 2>It's not it's not Auckland Queenstown because that expensive.

0:25:27.121 --> 0:25:29.441
<v Speaker 4>I don't want to comment because that might drop me

0:25:29.481 --> 0:25:34.561
<v Speaker 4>in it. So it's it's the flights are regular and reasonable. Okay,

0:25:34.601 --> 0:25:38.841
<v Speaker 4>we've done with funds on saving money? Yeah, yeah, so

0:25:39.921 --> 0:25:41.201
<v Speaker 4>that's sort of where it's sat.

0:25:41.561 --> 0:25:43.441
<v Speaker 2>How often would you be looking to go down and

0:25:43.561 --> 0:25:46.841
<v Speaker 2>inspect it.

0:25:45.441 --> 0:25:49.921
<v Speaker 4>Every three months or four months, every quarter? What what

0:25:50.041 --> 0:25:53.521
<v Speaker 4>purses text deductible in regard to doing it ourselves.

0:25:54.681 --> 0:25:57.161
<v Speaker 2>I would have thought I would have thought all of it,

0:25:57.161 --> 0:25:59.561
<v Speaker 2>wouldn't it be? I mean, this is tax advice. But Mike,

0:25:59.601 --> 0:26:02.681
<v Speaker 2>if you are flying down somewhere simply to do a

0:26:02.681 --> 0:26:04.121
<v Speaker 2>property expection, I would say.

0:26:04.001 --> 0:26:07.441
<v Speaker 3>That's I I'm definitely not a tax accountant, but I

0:26:07.481 --> 0:26:09.921
<v Speaker 3>would say that does sound like it potentially could be.

0:26:11.201 --> 0:26:18.481
<v Speaker 4>So it'll be with forming like a limited liability company

0:26:18.521 --> 0:26:20.881
<v Speaker 4>or something silly like that to look after one property,

0:26:20.961 --> 0:26:21.161
<v Speaker 4>or you know.

0:26:21.201 --> 0:26:23.441
<v Speaker 2>What, if you can afford to. Here's Mike. Would be

0:26:23.521 --> 0:26:29.001
<v Speaker 2>my non binding suggestion, Gary, I reckon you should spend.

0:26:29.401 --> 0:26:31.681
<v Speaker 2>You should spend. You keep your property manager on just

0:26:31.721 --> 0:26:33.401
<v Speaker 2>for a little bit longer and use that money you're

0:26:33.441 --> 0:26:35.081
<v Speaker 2>saving to get a little bit of advice from an

0:26:35.121 --> 0:26:37.801
<v Speaker 2>accountant and then go from there. And then that'll help

0:26:37.881 --> 0:26:40.641
<v Speaker 2>you because you might find that that little three month

0:26:40.761 --> 0:26:43.641
<v Speaker 2>trip down to that wonderful destination can double as a

0:26:43.641 --> 0:26:46.481
<v Speaker 2>holiday while completely text.

0:26:45.641 --> 0:26:49.761
<v Speaker 4>You know where it is. When you said that, well.

0:26:49.441 --> 0:26:51.561
<v Speaker 2>You know, don't get paranoid about it. It could just

0:26:51.601 --> 0:26:55.921
<v Speaker 2>be like a years anyway. Okay, good on you, Gary,

0:26:56.121 --> 0:26:59.801
<v Speaker 2>good luck. I guess if they know what the rules are,

0:26:59.801 --> 0:27:01.721
<v Speaker 2>if they've got a good tenant, he sounds like he's

0:27:02.921 --> 0:27:05.201
<v Speaker 2>I'll fill in the few gaps just with their imagination.

0:27:05.321 --> 0:27:08.001
<v Speaker 2>But it sounds like he knows the tenant, he's confident

0:27:08.041 --> 0:27:11.001
<v Speaker 2>they're staying for a while. So far, so good. If

0:27:11.001 --> 0:27:14.801
<v Speaker 2>he's got a property manager who he's not happy with,

0:27:15.321 --> 0:27:17.041
<v Speaker 2>he probably could manage it for himself.

0:27:17.601 --> 0:27:19.561
<v Speaker 3>I think he actually should have a go at managing

0:27:19.601 --> 0:27:22.401
<v Speaker 3>it himself. There is some people can do it, and

0:27:22.561 --> 0:27:25.561
<v Speaker 3>that's and it's fine. And then as a property manager myself,

0:27:25.881 --> 0:27:28.041
<v Speaker 3>the best customers are the people that have tried to

0:27:28.081 --> 0:27:29.841
<v Speaker 3>manage it themselves and have given up.

0:27:30.241 --> 0:27:31.361
<v Speaker 2>Is that because they alive.

0:27:31.161 --> 0:27:33.721
<v Speaker 3>Because then they actually really value what you do, because

0:27:33.721 --> 0:27:36.201
<v Speaker 3>they've tried it themselves and realize that it's not that easy.

0:27:36.961 --> 0:27:38.801
<v Speaker 2>That is a very good point. Look, we're going to

0:27:38.801 --> 0:27:40.081
<v Speaker 2>take a moment now. You can give us a call

0:27:40.121 --> 0:27:42.441
<v Speaker 2>if you've got any questions. We've got lots of texts

0:27:42.641 --> 0:27:44.401
<v Speaker 2>which we'll deal with as well as many as we

0:27:44.401 --> 0:27:46.321
<v Speaker 2>can get through. But if you want to jump the queue,

0:27:46.681 --> 0:27:49.681
<v Speaker 2>the number is eight hundred and eighty ten eighty. Don't forget.

0:27:49.681 --> 0:27:51.521
<v Speaker 2>We did actually throw that question about as to whether

0:27:51.561 --> 0:27:53.761
<v Speaker 2>the government's got it right with bringing back the ninety

0:27:53.841 --> 0:27:56.321
<v Speaker 2>day change, with the ability of a tenant to appeal

0:27:56.361 --> 0:27:58.641
<v Speaker 2>it for a lousy landlord. If I can sum that

0:27:58.721 --> 0:28:00.841
<v Speaker 2>up that crudely, but it's twenty three minutes to five

0:28:00.881 --> 0:28:11.801
<v Speaker 2>news talks, he'd be that's welcome back to the weekend collective.

0:28:11.801 --> 0:28:13.481
<v Speaker 2>This is the wonder if radio shan tin beverage. My

0:28:13.521 --> 0:28:15.761
<v Speaker 2>guest is from a SPA property management. He's the boss there.

0:28:15.761 --> 0:28:19.201
<v Speaker 2>It's Mike Atkinson taking your calls around. Well, any problems

0:28:19.201 --> 0:28:21.161
<v Speaker 2>you've got to do with property management as well. By

0:28:21.201 --> 0:28:24.601
<v Speaker 2>the way, fun fact because Mike mentioned the charming idea

0:28:24.641 --> 0:28:28.361
<v Speaker 2>of the German cockroaches who apparently lay eggs that's every

0:28:28.361 --> 0:28:31.441
<v Speaker 2>six days, and we just had a bit of a

0:28:31.521 --> 0:28:34.481
<v Speaker 2>laugh about just the idea. There's German cockroaches Asian cockroaches,

0:28:34.481 --> 0:28:37.641
<v Speaker 2>and I googled them and it says unlike they said,

0:28:37.641 --> 0:28:40.041
<v Speaker 2>they don't fly as easily as the ones in Australia.

0:28:40.081 --> 0:28:42.281
<v Speaker 2>And I remember going to Australia and thinking what the

0:28:42.321 --> 0:28:44.201
<v Speaker 2>hell was that that just flew past them. They're like, oh,

0:28:44.201 --> 0:28:49.441
<v Speaker 2>that's a cockroach what they fly anyway, Apparently German cckroaches

0:28:49.441 --> 0:28:54.241
<v Speaker 2>aren't so flashy there. Let's take some more calls. Kelly, Hello, Hi.

0:28:56.841 --> 0:29:01.361
<v Speaker 6>I just want to talk about property management. We have

0:29:01.521 --> 0:29:04.321
<v Speaker 6>a home and income and so I took it upon

0:29:04.361 --> 0:29:08.481
<v Speaker 6>myself to do the property manager because it's you know,

0:29:08.681 --> 0:29:10.921
<v Speaker 6>they're going to be living on the same property as yourself.

0:29:10.961 --> 0:29:14.721
<v Speaker 6>So I didn't want to, you know, to discimonount to anyone.

0:29:14.961 --> 0:29:18.961
<v Speaker 6>But I tell you what, the nutters that apply for

0:29:19.081 --> 0:29:22.241
<v Speaker 6>rental property and I live in Auckland.

0:29:23.561 --> 0:29:24.761
<v Speaker 2>That apply for.

0:29:24.601 --> 0:29:26.881
<v Speaker 6>These rental properties, I must take my hat off to

0:29:26.921 --> 0:29:33.161
<v Speaker 6>your property managers because there are so many interesting people

0:29:33.321 --> 0:29:35.601
<v Speaker 6>that apply for these things, and I just you know,

0:29:36.001 --> 0:29:38.961
<v Speaker 6>I absolutely value having a property manager. But for me,

0:29:40.041 --> 0:29:41.801
<v Speaker 6>I had to do it because I had to actually

0:29:41.841 --> 0:29:45.441
<v Speaker 6>select these people to move it on to our property.

0:29:45.481 --> 0:29:50.081
<v Speaker 6>But you know, like there's some very slim picking and

0:29:50.961 --> 0:29:53.041
<v Speaker 6>you know, certainly when they are living on the same

0:29:53.081 --> 0:29:55.681
<v Speaker 6>property and you've got to actually deal with them, it's

0:29:55.721 --> 0:30:00.641
<v Speaker 6>pretty difficult. So I value to my property managers and

0:30:00.721 --> 0:30:03.961
<v Speaker 6>I would always do it because it's you know, land

0:30:04.041 --> 0:30:06.921
<v Speaker 6>you have to deal you know, the foohoo stories or

0:30:06.921 --> 0:30:07.561
<v Speaker 6>anything like that.

0:30:07.801 --> 0:30:12.241
<v Speaker 2>So yeah, yeah, thank you JS Kelly. Actually I think

0:30:12.321 --> 0:30:14.761
<v Speaker 2>Kelly's highlighted. Can you actually if you want to manage

0:30:14.761 --> 0:30:17.201
<v Speaker 2>your own property, can you still engage a property manager

0:30:17.441 --> 0:30:19.441
<v Speaker 2>for a fee to find a tenant for you? Or

0:30:19.521 --> 0:30:21.161
<v Speaker 2>is that a bit you know.

0:30:21.321 --> 0:30:23.201
<v Speaker 3>Yes, you can still do that. It's called a casual

0:30:23.241 --> 0:30:26.841
<v Speaker 3>letter arrangement and normally costs about one week's rent plus GST.

0:30:27.481 --> 0:30:30.201
<v Speaker 2>That seems pretty reasonable, but I guess I would only

0:30:30.201 --> 0:30:31.641
<v Speaker 2>be worried to be like, hang on a minute, they

0:30:31.681 --> 0:30:33.801
<v Speaker 2>can find a tenant, and then they're not what they

0:30:33.801 --> 0:30:36.881
<v Speaker 2>don't have to worry about that tenant, are they? What's

0:30:36.961 --> 0:30:39.201
<v Speaker 2>the sort of what's the peace of mind that you're

0:30:39.201 --> 0:30:41.921
<v Speaker 2>still going to get a really well vetted person.

0:30:41.841 --> 0:30:43.841
<v Speaker 3>Well, you'd like that person to come back and use

0:30:43.881 --> 0:30:47.441
<v Speaker 3>you again. A lot of agencies are actually stopping doing

0:30:47.481 --> 0:30:49.761
<v Speaker 3>the casual letting because of what happens when it gets

0:30:49.801 --> 0:30:52.601
<v Speaker 3>past to the private landlord is actually more likely to

0:30:52.641 --> 0:30:53.321
<v Speaker 3>come back.

0:30:53.841 --> 0:30:56.121
<v Speaker 2>Because they don't manage their relationship well enough. And then

0:30:56.121 --> 0:30:58.241
<v Speaker 2>they say this is allowsy tenant, when maybe it was

0:30:58.281 --> 0:30:59.361
<v Speaker 2>because they were allows.

0:30:59.121 --> 0:31:02.481
<v Speaker 3>The or the tenant might have their rights trampled on,

0:31:02.721 --> 0:31:04.721
<v Speaker 3>and then they look at their tenancy agreement and it's

0:31:04.721 --> 0:31:07.081
<v Speaker 3>got aspired property management in the top right corner of

0:31:07.081 --> 0:31:09.601
<v Speaker 3>the letterhead, and so they come back to you. So

0:31:10.001 --> 0:31:12.521
<v Speaker 3>it can be we we do casual leading for clients

0:31:12.561 --> 0:31:14.721
<v Speaker 3>that we've got a relationship with, but we're still happy

0:31:14.721 --> 0:31:15.801
<v Speaker 3>to take on new ones as well.

0:31:15.881 --> 0:31:19.241
<v Speaker 2>Cool. Okay, let's take some more calls Andrew High.

0:31:19.481 --> 0:31:23.361
<v Speaker 7>Yeah, hi there, I guess it's coming back to the

0:31:23.561 --> 0:31:29.001
<v Speaker 7>question that you just had. As the property manager surprise,

0:31:31.041 --> 0:31:36.001
<v Speaker 7>ultimately surprise or provides us with a tenant that doesn't

0:31:36.401 --> 0:31:44.441
<v Speaker 7>really well, let's be Frank Wrex the house and causes

0:31:44.481 --> 0:31:46.881
<v Speaker 7>a huge mess. Who's liable?

0:31:49.161 --> 0:31:51.641
<v Speaker 3>Well, that would depend if the property manager has done

0:31:51.681 --> 0:31:54.041
<v Speaker 3>their due diligence on the tenant and then provided the

0:31:54.081 --> 0:31:55.881
<v Speaker 3>application done that.

0:31:56.321 --> 0:31:59.801
<v Speaker 7>Yes, you have done the due diligence done yep.

0:32:00.881 --> 0:32:04.121
<v Speaker 3>Next, Yeah, So then that basically that liability would then

0:32:04.161 --> 0:32:07.001
<v Speaker 3>fall back onto the property owner because they're effectively the

0:32:07.361 --> 0:32:11.001
<v Speaker 3>person getting the reward in exchange for the risk. And

0:32:11.041 --> 0:32:13.521
<v Speaker 3>then you could try to claim that back from the tenant,

0:32:13.801 --> 0:32:16.121
<v Speaker 3>but you wouldn't be able to claim anything back from

0:32:16.161 --> 0:32:17.521
<v Speaker 3>the property management company.

0:32:18.321 --> 0:32:22.161
<v Speaker 2>Okay, hey, thanks for your call, Andrew. Now let's have

0:32:22.161 --> 0:32:24.841
<v Speaker 2>a look at a few more texts. There should be

0:32:24.881 --> 0:32:26.921
<v Speaker 2>a two somebody said there should be a two tier

0:32:27.041 --> 0:32:30.681
<v Speaker 2>tenancy notice period, a short notice for provable bad behavior

0:32:31.041 --> 0:32:33.641
<v Speaker 2>and a period exceeding three months for other exceeding three

0:32:33.721 --> 0:32:36.681
<v Speaker 2>months for other reasons. It's a huge sometimes crushing disruption

0:32:36.721 --> 0:32:38.401
<v Speaker 2>in people's lives to have to move out and find

0:32:38.401 --> 0:32:41.681
<v Speaker 2>new accommodation. I mean that is the problem, isn't it

0:32:41.921 --> 0:32:44.281
<v Speaker 2>just casually saying well, you've got ninety days see you later.

0:32:44.881 --> 0:32:48.361
<v Speaker 3>Yeah, and I agree ninety days can potentially be a

0:32:48.401 --> 0:32:51.201
<v Speaker 3>bit short. But under the Act, there's actually a landlord

0:32:51.201 --> 0:32:53.761
<v Speaker 3>can give you twenty one day's notice when a fixed

0:32:53.801 --> 0:32:57.241
<v Speaker 3>term is ending, and that's a lot less time in

0:32:57.321 --> 0:32:59.481
<v Speaker 3>terms of being able to give shorten notice periods for

0:32:59.681 --> 0:33:03.001
<v Speaker 3>provable bad behavior. Who the only way to prove it

0:33:03.041 --> 0:33:04.521
<v Speaker 3>is to go to the tribunal, and that'll take you

0:33:04.601 --> 0:33:05.721
<v Speaker 3>longer than ninety days.

0:33:06.601 --> 0:33:08.601
<v Speaker 2>Another word, person says you seem to be forgetting that

0:33:08.601 --> 0:33:10.161
<v Speaker 2>it costs time and money to get what. I don't

0:33:10.161 --> 0:33:11.801
<v Speaker 2>think we have forgotten this, but it says it costs

0:33:11.841 --> 0:33:14.201
<v Speaker 2>caught time and money to get tenants. So just randomly

0:33:14.201 --> 0:33:17.401
<v Speaker 2>getting rid of tenants is not in a landlord's interests,

0:33:17.521 --> 0:33:20.601
<v Speaker 2>I would insert, is not in a good landlord's interests.

0:33:20.841 --> 0:33:23.121
<v Speaker 2>But why even a bad loan, it's not in their

0:33:23.161 --> 0:33:27.041
<v Speaker 2>interests except a ballmarket maybe where they can just get

0:33:27.041 --> 0:33:28.481
<v Speaker 2>the next you sucker.

0:33:28.641 --> 0:33:31.761
<v Speaker 3>Well, yeah, and that is actually something that I mentioned

0:33:31.761 --> 0:33:34.001
<v Speaker 3>earlier is that a landlord is only going to use

0:33:34.041 --> 0:33:37.241
<v Speaker 3>this in a circumstance where they feel like it's warranted

0:33:37.281 --> 0:33:40.721
<v Speaker 3>because they are going to incur vacancy costs. And even

0:33:40.721 --> 0:33:42.761
<v Speaker 3>without vacancy costs, you get a new tenant to move

0:33:42.801 --> 0:33:45.561
<v Speaker 3>in the next day, it isn't worth doing unless you

0:33:45.561 --> 0:33:47.361
<v Speaker 3>have a valid reason. So you're not going to get

0:33:47.441 --> 0:33:49.481
<v Speaker 3>no cause where you just move a tenant out because

0:33:49.481 --> 0:33:50.801
<v Speaker 3>you woke up and felt like doing it.

0:33:51.721 --> 0:33:54.481
<v Speaker 2>No, Hay Tim. We are an elderly couple who own

0:33:54.481 --> 0:33:57.921
<v Speaker 2>a one bedroom apartment as an investment property. In December,

0:33:57.961 --> 0:34:01.881
<v Speaker 2>we renewed the rental for a further one year fixed term.

0:34:02.681 --> 0:34:05.001
<v Speaker 2>Things have taken a sudden turn on our health front

0:34:05.081 --> 0:34:07.001
<v Speaker 2>and we need to sell as soon as possible to

0:34:07.081 --> 0:34:10.161
<v Speaker 2>remove into a retirement village. How can we get out

0:34:10.201 --> 0:34:12.561
<v Speaker 2>of this if the one year fixed term tenancy that

0:34:12.601 --> 0:34:16.761
<v Speaker 2>we signed in December, the new term actually starts mid March.

0:34:16.961 --> 0:34:17.801
<v Speaker 2>That's from Gerada.

0:34:18.321 --> 0:34:20.801
<v Speaker 3>You can sell a property with a fixed term tenancy

0:34:20.921 --> 0:34:24.441
<v Speaker 3>in place, So a one bedroom apartment could be of

0:34:24.561 --> 0:34:26.441
<v Speaker 3>value to someone with a tenant in it if they're

0:34:26.441 --> 0:34:27.961
<v Speaker 3>not planning on living in it themselves.

0:34:28.521 --> 0:34:31.521
<v Speaker 2>Oh. Actually, in fact, that could be a selling point.

0:34:31.641 --> 0:34:33.321
<v Speaker 3>Yes, that you turned a tenant paying rent.

0:34:33.921 --> 0:34:34.921
<v Speaker 2>Okay.

0:34:34.721 --> 0:34:37.961
<v Speaker 3>The other option is any fixed term tenancy or extension

0:34:38.041 --> 0:34:41.241
<v Speaker 3>can be ended by mutual agreement. So if you find

0:34:41.241 --> 0:34:43.401
<v Speaker 3>another property across the street that looks the same and

0:34:43.441 --> 0:34:46.641
<v Speaker 3>you tell your tenant, hey, this is our situation. We'll

0:34:46.641 --> 0:34:48.401
<v Speaker 3>give you two thousand dollars if you move to the

0:34:48.401 --> 0:34:50.641
<v Speaker 3>property next door that I've found for you, and then

0:34:50.681 --> 0:34:53.481
<v Speaker 3>if they agree, then the tenancy the extension can end

0:34:53.481 --> 0:34:54.601
<v Speaker 3>and you can sell it vacant.

0:34:54.601 --> 0:34:56.801
<v Speaker 2>I think also that what you've just touched on there

0:34:56.921 --> 0:35:00.601
<v Speaker 2>is that genuinely most people are good people. If I

0:35:00.721 --> 0:35:03.881
<v Speaker 2>was a tenant and the landlords were having health problems

0:35:03.881 --> 0:35:06.521
<v Speaker 2>and I knew that, you know, things weren't looking good,

0:35:06.641 --> 0:35:08.881
<v Speaker 2>I think I'd probably say, look, if you need to sell,

0:35:09.441 --> 0:35:12.681
<v Speaker 2>pay my moving fees and I'll let you out of it.

0:35:12.721 --> 0:35:14.921
<v Speaker 3>I mean, yeah, that would be the first place to start,

0:35:14.961 --> 0:35:17.761
<v Speaker 3>would be to have an open conversation with your tenant

0:35:18.161 --> 0:35:20.681
<v Speaker 3>and see what sort of solution that you can come

0:35:20.761 --> 0:35:21.081
<v Speaker 3>up with.

0:35:21.601 --> 0:35:24.281
<v Speaker 2>How often do you find that people are surprise you

0:35:24.361 --> 0:35:26.281
<v Speaker 2>with being reasonably decent. Are you in the sort of

0:35:26.321 --> 0:35:30.081
<v Speaker 2>area at society where you do have to deal with

0:35:30.161 --> 0:35:32.001
<v Speaker 2>quite a lot of tough stuff.

0:35:32.121 --> 0:35:34.561
<v Speaker 3>I think that the majority of tenants, the majority of

0:35:34.561 --> 0:35:37.681
<v Speaker 3>property owners are all really decent people that just are

0:35:37.681 --> 0:35:41.241
<v Speaker 3>trying to get by with their lives. There is the

0:35:41.241 --> 0:35:43.841
<v Speaker 3>sort of bad apples on both sides that can sort

0:35:43.881 --> 0:35:47.121
<v Speaker 3>of spoil the reputation for everyone. So I think overall

0:35:47.401 --> 0:35:50.001
<v Speaker 3>they're all pretty decent and it's just a few bad

0:35:50.041 --> 0:35:50.721
<v Speaker 3>apples in there.

0:35:50.921 --> 0:35:53.161
<v Speaker 2>Okay, And there's another one here. Hey, can you ask

0:35:53.201 --> 0:35:57.361
<v Speaker 2>what the maximum number of properties that property managers can

0:35:57.401 --> 0:36:01.361
<v Speaker 2>manage in their portfolio? My experience is property managers are good,

0:36:01.761 --> 0:36:05.881
<v Speaker 2>but my for property management companies do the minimum and

0:36:05.961 --> 0:36:08.881
<v Speaker 2>are not always I'm not sure if they're okay, and

0:36:08.961 --> 0:36:11.721
<v Speaker 2>are not always proactive to perform rent reviews on time

0:36:11.721 --> 0:36:14.761
<v Speaker 2>within a one year period sixty day period. So obviously

0:36:14.841 --> 0:36:18.161
<v Speaker 2>they think that their property managers but slack. So how

0:36:18.161 --> 0:36:22.161
<v Speaker 2>many properties can one individual reason realistically manage?

0:36:22.241 --> 0:36:24.361
<v Speaker 3>Well, that's where it's like a really good question. When

0:36:24.521 --> 0:36:26.961
<v Speaker 3>landlords are looking for a property manager and you see

0:36:26.961 --> 0:36:31.601
<v Speaker 3>a property management company offering lower fees, they will often

0:36:31.641 --> 0:36:34.881
<v Speaker 3>have their property managers managing more properties in order to

0:36:34.921 --> 0:36:37.721
<v Speaker 3>be able to make the numbers stack up. So you're

0:36:37.761 --> 0:36:40.201
<v Speaker 3>going to get slightly less service if you go with

0:36:40.241 --> 0:36:44.081
<v Speaker 3>a five percent property management company. I think anywhere from

0:36:44.081 --> 0:36:46.761
<v Speaker 3>one hundred and twenty to one hundred and forty if

0:36:46.801 --> 0:36:51.041
<v Speaker 3>you've got someone doing the lettings with them. Some companies

0:36:51.041 --> 0:36:54.921
<v Speaker 3>manage one hundred and sixty plus. It's really it does

0:36:54.961 --> 0:36:57.361
<v Speaker 3>depend on how much of the work for a property

0:36:57.401 --> 0:36:59.921
<v Speaker 3>manager the property manager actually does. We have people that

0:36:59.961 --> 0:37:02.521
<v Speaker 3>do lettings as well. We have a lot of automations

0:37:02.561 --> 0:37:05.481
<v Speaker 3>that we use, and then our property managers average about

0:37:05.481 --> 0:37:08.001
<v Speaker 3>one hundred and twenty, so we're still on the lower

0:37:08.121 --> 0:37:10.921
<v Speaker 3>end even with all of our automations and things like that.

0:37:11.921 --> 0:37:15.921
<v Speaker 2>Actually, automation, imagine does AI play a role in your industry?

0:37:16.681 --> 0:37:19.521
<v Speaker 3>It definitely does. And it's about too because you know,

0:37:19.601 --> 0:37:21.761
<v Speaker 3>if you can implement a chatbot that can talk to

0:37:21.801 --> 0:37:24.801
<v Speaker 3>the tenants and ask answer the questions, and the same

0:37:24.801 --> 0:37:26.561
<v Speaker 3>with the landlords, it's going to play a massive part

0:37:26.561 --> 0:37:27.561
<v Speaker 3>in property management.

0:37:27.641 --> 0:37:30.281
<v Speaker 2>Maybe you'll be able to just send your drone to say,

0:37:30.321 --> 0:37:32.161
<v Speaker 2>go and have a look around this place. Yeah, just

0:37:32.201 --> 0:37:33.801
<v Speaker 2>leave your windows open, tenant.

0:37:34.241 --> 0:37:36.441
<v Speaker 3>Yeah no. I mean, it's a very interesting time coming up,

0:37:36.441 --> 0:37:39.401
<v Speaker 3>and there's already there's already inspection reports you can do

0:37:39.441 --> 0:37:41.601
<v Speaker 3>with AI helping you write all the notes and things

0:37:41.641 --> 0:37:45.201
<v Speaker 3>like that. But now, yeah, I mean that's that's a massive.

0:37:44.921 --> 0:37:46.241
<v Speaker 2>That's for another day.

0:37:46.361 --> 0:37:47.161
<v Speaker 3>Yeah.

0:37:46.681 --> 0:37:48.921
<v Speaker 2>Anyway, Hey, look we're going to take a quick moment,

0:37:48.921 --> 0:37:50.681
<v Speaker 2>come back with the one roof Property of the week

0:37:50.881 --> 0:37:52.921
<v Speaker 2>is next. It's ten to five news Talk sed B.

0:37:54.521 --> 0:37:57.841
<v Speaker 1>The one roof Property of the week on the Weekend Collective.

0:38:00.601 --> 0:38:02.521
<v Speaker 2>Yes, and the one roof Property of the week. I

0:38:02.561 --> 0:38:06.401
<v Speaker 2>always as I always do so it's like taking a holiday,

0:38:06.401 --> 0:38:08.721
<v Speaker 2>but this one really is like taking a holiday. It's

0:38:08.721 --> 0:38:14.401
<v Speaker 2>a spectacular the coastal views it's in. I'm just scrolling

0:38:14.441 --> 0:38:15.921
<v Speaker 2>back to trying to get out of the photo so

0:38:15.921 --> 0:38:17.601
<v Speaker 2>I can actually see the address here. That's right. It

0:38:17.681 --> 0:38:22.321
<v Speaker 2>is one forty c Rodney Road in Lee in Rodney,

0:38:22.361 --> 0:38:24.161
<v Speaker 2>and I don't actually I might even hand it over

0:38:24.201 --> 0:38:26.081
<v Speaker 2>to you might to describe the property. What do you

0:38:26.441 --> 0:38:29.921
<v Speaker 2>make of it? Six bedrooms, three bathrooms, three garage, three

0:38:29.961 --> 0:38:33.801
<v Speaker 2>car garage and four hundred and three square meters Go, oh,

0:38:33.881 --> 0:38:35.441
<v Speaker 2>hang on a second, there we go, there's the button.

0:38:35.481 --> 0:38:38.361
<v Speaker 3>It is a stunning property with amazing sea views. It

0:38:38.361 --> 0:38:41.081
<v Speaker 3>would sort of be fit for a Bond villain. I think,

0:38:41.761 --> 0:38:44.881
<v Speaker 3>just absolutely amazing. You forget that properties like that even

0:38:44.921 --> 0:38:46.561
<v Speaker 3>exist in New Zee are.

0:38:47.001 --> 0:38:49.361
<v Speaker 2>What are the things that attract you to a property

0:38:49.401 --> 0:38:53.001
<v Speaker 2>if you're looking around something, Because the okay, the views, views,

0:38:53.281 --> 0:38:55.281
<v Speaker 2>views are great. I love a good view. But the

0:38:55.281 --> 0:38:57.441
<v Speaker 2>thing that got me I just I love a nicely

0:38:57.521 --> 0:39:00.481
<v Speaker 2>tiled bathroom. But you know what I mean, there's been

0:39:00.561 --> 0:39:02.161
<v Speaker 2>things which can turn you off. It's like, oh I

0:39:02.161 --> 0:39:03.681
<v Speaker 2>don't like that, and bang you're out.

0:39:03.841 --> 0:39:07.001
<v Speaker 3>Yeah, what do you for me? It's going in swimming pool.

0:39:07.441 --> 0:39:10.001
<v Speaker 2>Ah yeah, the swimming pool. It's got that infinity pool. Look,

0:39:10.761 --> 0:39:14.081
<v Speaker 2>here's the thing. I love this. The RV. I'm going

0:39:14.121 --> 0:39:17.961
<v Speaker 2>to get you excited if you're in a reasonably prosperous situation.

0:39:18.041 --> 0:39:21.681
<v Speaker 2>The RV is two point eight million dollars. Now I'm

0:39:21.681 --> 0:39:23.681
<v Speaker 2>going to disappoint you that you need to be in

0:39:23.721 --> 0:39:28.081
<v Speaker 2>a much more prosperous situation because the estimate ranges from

0:39:28.121 --> 0:39:31.481
<v Speaker 2>four point nine million to five point eight with an

0:39:31.641 --> 0:39:36.201
<v Speaker 2>estimate of five point three million. But your breathtaking views

0:39:36.201 --> 0:39:41.241
<v Speaker 2>above Parkery Beach, and it's also got seventeen acres of

0:39:41.401 --> 0:39:43.321
<v Speaker 2>this is probably the other bit that did it for me.

0:39:43.641 --> 0:39:45.321
<v Speaker 2>I'm not sure how often you'd go for a walk

0:39:45.321 --> 0:39:48.321
<v Speaker 2>in your own gardens. But it's got seventeen acres of

0:39:48.401 --> 0:39:52.921
<v Speaker 2>private curated bushwalks with cascading waterfalls. It's got glow worms

0:39:52.921 --> 0:39:55.561
<v Speaker 2>if you're lucky enough to spot them, which means doesn't

0:39:55.601 --> 0:40:00.441
<v Speaker 2>really have blow woms if you're lucky enough to spot them.

0:40:00.681 --> 0:40:02.761
<v Speaker 2>And yet it's quite stunning. So go and have a look.

0:40:02.841 --> 0:40:06.881
<v Speaker 2>One forty c Rodney Road, Lee and Rodney Sex bedrooms,

0:40:06.921 --> 0:40:08.481
<v Speaker 2>so you've got plenty of room for your guests when

0:40:08.481 --> 0:40:11.241
<v Speaker 2>they come. Actually, the other thing I do, Mike is

0:40:11.281 --> 0:40:15.401
<v Speaker 2>do you imagine what your leisure activity would be? Because

0:40:15.441 --> 0:40:17.801
<v Speaker 2>for me, I see the terrace and the pool and

0:40:17.841 --> 0:40:21.001
<v Speaker 2>I just think friends sitting out in the barbecue sizzling.

0:40:21.161 --> 0:40:22.401
<v Speaker 2>That's what I think. What do you reckon?

0:40:22.481 --> 0:40:26.561
<v Speaker 3>Well, I'm definitely interested in that waterfall, having your own waterfall.

0:40:26.561 --> 0:40:27.681
<v Speaker 3>I think you've really made it.

0:40:28.641 --> 0:40:31.041
<v Speaker 2>I got to own waterfall and that's not just the

0:40:31.081 --> 0:40:34.521
<v Speaker 2>bath overflowing. Hey Mike, by the way, thank you, thank

0:40:34.521 --> 0:40:35.801
<v Speaker 2>you so much for coming and I hope we can

0:40:35.841 --> 0:40:36.881
<v Speaker 2>get you back again sometime.

0:40:37.241 --> 0:40:38.161
<v Speaker 3>Thank you for having me.

0:40:38.241 --> 0:40:40.201
<v Speaker 2>And if people want to check out your work, they

0:40:40.201 --> 0:40:42.921
<v Speaker 2>can either just google Aspire Property Management or.

0:40:43.721 --> 0:40:45.921
<v Speaker 3>Website Aspire Property dot cod or n.

0:40:45.961 --> 0:40:48.721
<v Speaker 2>Z excellent, great stuff and thank you for you. Sorry

0:40:48.721 --> 0:40:50.281
<v Speaker 2>we didn't get to answer all the text, but we'll

0:40:50.281 --> 0:40:52.441
<v Speaker 2>get on to it well. Obviously I hope to have

0:40:52.481 --> 0:40:54.521
<v Speaker 2>Mike back and we'll do it again next time. Up

0:40:54.601 --> 0:40:57.841
<v Speaker 2>next it is the Parents Squad and Google Sutherlands with us.

0:40:57.921 --> 0:41:01.561
<v Speaker 2>Do you have to treat your kids the same each

0:41:02.081 --> 0:41:03.961
<v Speaker 2>given that they might be quite different? When do you

0:41:03.961 --> 0:41:05.681
<v Speaker 2>treat them differently? Is that a OK? We'll be taking

0:41:05.721 --> 0:41:08.081
<v Speaker 2>your calls and discussing that with Google Sutherland. Next for

0:41:08.081 --> 0:41:10.321
<v Speaker 2>the Parent Squad, it's coming up to three minutes to five.

0:41:11.121 --> 0:41:13.921
<v Speaker 1>For more from the Weekend Collective, listen live to news

0:41:13.961 --> 0:41:17.601
<v Speaker 1>Talks be weekends from three pm, or follow the podcast

0:41:17.681 --> 0:41:18.601
<v Speaker 1>on iHeartRadio