Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Changing Housing Market Demands More Stringent Tenant Checks

Media Release     3 February 2014

Changing Housing Market Demands More Stringent Tenant Checks

Make sure you don’t end up having a horse showering in your rental.

That from Landlord Assist Managing Director Kareena Lundy who says "the horse case" is one of the strangest she’s seen over the years and  as the rental market booms, checking prospective tenants is more important than ever. 

The 2013 census shows a 14 per cent increase from 2006 in the number of properties occupied by those who pay rent and this trend is expected to continue given the recent changes to new home loan regulations.

Landlord Assist was developed in late 2013 to help private landlords with tenant selection by providing information that property managers and private investigators use but at a fraction of the cost. Working with a legal team, Kareena has compiled a very comprehensive application form and this combined with reports - including credit checks - and data matching, ensures that the analysis of the application provides a true and accurate image of the potential tenant.

“People are so transient now that often traditional sources of information are no longer able to be used so by using six different reports and areas of enquiry, a better and more accurate picture of the applicants previous rental and financial history is possible. Often landlords just don’t have the time to order reports from multiple sources and then interpret  the information. Landlord Assist analyses the information and condenses it into a report which enables the landlord to decide whether the applicant would be the best possible fit for the property,” she says.

There have been several high profile cases where tenants have caused significant damage to a property often exacerbated by rent arrears. The most recent involved a Christchurch man who let his house while he worked in Ashburton and was left with thousands of dollars’ worth of damage and rent arrears.

“It is so important to get the right checks completed as it’s not just about protecting your asset from damage but you may find it difficult to move someone on when they are defaulting in their agreement with you.”

And what about that horse? Ms. Lundy says some years ago, she took over a tenancy from another management company and shortly afterwards a neighbour reported to her that a “small horse” appeared to be living in the house with the tenant. That turned out to be partially correct in that the tenant kept the miniature horse outside but would bring it in and take it up stairs to wash and groom it.

“I haven’t come across a case like that one again but you just never know, which is why we are encouraging people to make sure they dot their ‘i’s and cross their ‘t’s to reduce the risk of renting to tenants who may not be the best for their property.”  

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Issue 49: Werewolf Weekender

Philip Matthews: From The Lost Continent
It’s a case of better late than never for Olivier Assayas’ marvellous After May/Apres Mai, which first screened at Venice in 2012, had a couple of North Island screenings last year during the International Film Festival’s “Autumn Events” season, got a theatrical release in Australia – but not here – and only now appears on DVD, after Assayas himself has moved on. More>>

The Complicatist: Blue Eyed & Soulful
For a while in June, the top two singles on the US Billboard charts featured Iggy Azalea, an Australian model turned hip hop performer. To some, this may seem like just the latest chapter in a long saga of whites ripping off black culture, while enriching themselves in the process. Obviously, there’s some truth in the stereotype. Yet it can also obscure the positive collaborations – in jazz, soul music and hip hop – between musicians who treated each other as creative equals, race regardless. More>>

Satire: Carry On Captaining
Oh hello. Scanner Technician Davis. To what do I owe the pleasure?
You think we’re what?
Oh, pish. This vessel has been travelling along smoothly for generations – particularly smoothly in the last few years though I say so myself – and I happen to know we have never once been hit by an asteroid... More>>

 

Parliament Today:

False Electoral Return: John Banks Sentenced To Community Detention, Community Work

“The conviction of John Banks today is another sad chapter for John Banks and the ACT Party”, says Labour candidate for Epsom Michael Wood. More>>

ALSO:

Gordon Campbell: On The Rise Of ISIS And Labour

While global attention got distracted by the fate of MH17 and the atrocities in Gaza, the world’s other mega ‘bad news’ story – the rise of ISIS-led fundamentalism in Iraq – has reached a tipping point. More>>

ALSO:

Rebuild: Christchurch City Council Releases Milestone Report

The Cameron Partners report says the Council may need to find an additional $783 million to $883 million by 2019... Options Cameron Partners proposed include increasing rates, borrowing more, maximising insurance payments, and freeing up capital from its commercial assets. More>>

ALSO:

Parliament Today: Parliament Adjourns

The 50th Parliament has adjourned for the final time. After the completion of the adjournment debate, MPs left for the campaign trail with Parliament to be dissolved on August 14 ahead of the September 20 election. More>>

ALSO:

Novopayout: Government-Owned Company To Take Over School Payroll

After lengthy negotiations, the Ministry of Education and the existing school payroll provider, Talent2, have settled both on the amounts payable by Talent2 towards the costs of remediating the Novopay service and a new operating model for the school payroll system. More>>

ALSO:

Employment: Labour Will Raise Minimum Wage, Restore Work Rights

A Labour government will raise the minimum wage $2 an hour to $16.25 and restore work rights to ensure the benefits of economic growth are shared fairly by all New Zealanders, Labour Leader David Cunliffe says. More>>

ALSO:

Police: Crewe File Review Released

No new evidence has come to light implicating any specific person as being responsible for the murders of Jeannette and Harvey Crewe... The review identifies there is a distinct possibility that Exhibit 350 (the brass .22 cartridge case) may be fabricated evidence, and that if this is the case, that a member of Police would have been responsible. More>>

ALSO:

Werewolf Issue #49: Gordon Campbell Interviews Laila Harre

For 25 years, Labour and National have been in virtual agreement about the basics of economic policy, and differed mainly on how to go about managing its social consequences. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news