3 super handy tools that makes being a landlord easy
Being a landlord comes with a bunch of responsibilities that will almost certainly be time consuming. If you have little time but you want to remain a hands-on landlord, you'll have to check out the tools below to make your life much easier while keeping your tenants happy.
If you're a DIY landlord or thinking about being one, this is for you. Save the hassle of manually listing your property on multiple sites like TradeMe, realestate.co.nz, OneRoof and Homes and do it all from one place. MyRent allows you to list your property on its site for free and while you're at it easily advertise it on all the other popular sites for $85. MyRent is a "professional tool for self-managing NZ landlords" and it helps you through the necessary Advertise, Tenancy checks and Management steps. We think the maintenance tracking feature is a standout and makes the headaches of dealing with issues as simple as can be. There's a two month free trial at the time of this writing, so why not give it a go.
Looking for a tradesperson but no idea where to find a good one? A problem for many landlords. Here you can review over 100,000+ ratings to find the right person for your job. Whether it's an electrician, plumber, builder, painter, etc. you can find it all here. Check out what other people are saying about tradies before you decide who the right person is for your job. Landlords can get the job done whether it's a new coat of pain or a complete new bathroom you are after.
Make sure you are keeping on the right side of the law and your property is meeting the healthy homes standard that came into effect in July 2019 which requires a minimum standard to be met across heating, insulation, ventilation, moisture and drainage, and draught stopping.
Insurance is another important part of being a landlord. Making sure that your investment is protected in the event of a misfortune. Be it a fire, or an accident caused by the tenants that damages your property.
As of August 27 2019, "if tenants or their guests cause careless damage in a rental property, they will be liable for the cost of the damage up to four weeks’ rent or the landlord’s insurance excess, whichever is lower. As a landlord, you will need to provide all new tenants with a statement disclosing your insurance status - if the property is insured or not, and what the tenants are liable for.
Keeping your policy easily accessible for your tenants or filing your returns will make landlord life that much easier. Quashed lets you store all your insurance policy in one place. You can store your landlord policies alongside all your other insurance policies that you have for you and your family. This way you can track and see it all. It even tells you how much your premiums are increasing each year and makes it really easy to share the information.