Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

An Education Program For Landlords By Landlords

 

After calls for regulation of the rental property industry earlier this year, the New Zealand Property Investors’ Federation (NZPIF) has developed an education program designed specifically for self-managing landlords, who make up 60% of all property managers.

“This initiative is a positive way to improve the experience of both prospective tenants and landlords,” said Sharon Cullwick, Executive Officer of the NZPIF.

A self managing landlord relies on the weekly rent to pay the mortgage on the property. Hence, unlike a property manager employed by a property management company, they are more likely to ensure the tenant /landlord relationship is a successful and long-lasting one.

Also, the high demands on property managers mean they do not typically stay in the profession for longer than 12 months. However, most self-managing landlords, due to their vested interest in their properties, are in it for the long-term - on average over 5 years.

The Education Program allows those who undertake it to learn vital basics, confirm their competency, and become recognised as better landlords. Although it is designed for the newer investor, it contains information that even the most experienced property investor will benefit from learning. The purpose of the program is to help landlords run their property investments like professionals.

The Education Program for Self Managing Landlords consists of 13 online modules. It covers the Residential Tenancies Act, necessary forms and documents, fixed-term and periodic tenancies, and the rights and responsibilities of both the tenant and the landlord. It also includes how to successfully rent out your property, what you should know about property maintenance and improvements, and how to carry out a property inspection. How to handle tenant issues and the processes to follow if things go wrong are also part of the program. Once each module has been completed, the user must complete a skills test before moving on to the next module. A Certificate of Completion is awarded at the end of the program.

The course was launched in April 2020 and has had 554 registered participants. Over 272 have completed it.

The Education Program for Self Managing Landlords is offered free, as a NZPIF membership benefit, to members of any of the local Property Investors’ Associations which are affiliated to NZPIF. It is also available to Associate Members and non-members for a fee. More details can be found here on the home page of the NZPIF website - nzpif.org.nz.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

RNZ: Porirua Most Expensive Region To Rent, According To Trade Me

A rental website shows this town is now New Zealand's most expensive region to rent a house, ahead of Wellington and Auckland cities. More>>

ALSO:


Stats NZ: Nearly 1,000 More Big Businesses Now Than Two Decades Ago – Media Release

There are now 2,690 big businesses in New Zealand employing more than 100 staff – nearly 1,000 or 58 percent more than 20 years ago, Stats NZ said today. Over the 20 years to February 2020, the total number of enterprises in New Zealand increased ... More>>

ALSO:

RNZ: Housing Boom Could Get Worse, Economist Warns

Economists are calling on the Reserve Bank to reinstate lending restrictions, warning the housing market is spiralling out of control. More>>

ALSO:

Westpac: Sets Out Plan To Go Cheque-Free

Westpac NZ has announced details of its plan to phase out cheques, after signalling in May that it would be supporting a move to other forms of payment. Cheques will cease to be available as a means of payment after 25 June 2021. Westpac NZ General ... More>>

ALSO:

NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>

ALSO:


CERT NZ: Malicious Computer Virus Targeting New Zealanders

CERT NZ, the government agency which supports organisations and individuals affected by cyber security incidents, says a recent surge of increasingly sophisticated malware attacks is affecting everyday New Zealanders as well as large organisations. The ... More>>

ALSO:

Economy: NZ Small Business Recovery Continues In September

Xero, the global small business platform, today released its Small Business Insights (XSBI) for September revealing an uptick in small business jobs and year-on-year revenue growth in New Zealand. Nationwide, the average number of jobs in the small ... More>>

ALSO:


Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>