The year is almost done. We'll be working throughout with reduced hours through the break period. Viewings for vacant rental properties will be continuing through and we'll continue to be manning the phones and completing any emergency work.
The changes to the Residential Tenancies Act have come through with the passing of the RTA Amendment Bill earlier in the month. NZPIF have outlined the main changes below:
These changes apply to all tenancies, and are not grandfathered in like the previous round of law changes.
2024 has been a bit of a mixed year - the market overall started strongly in both rentals and sales, with an economic slowdown kicking in over the winter months. I'm optimistic for next year as interest rates continue to fall, with all major banks reporting a jump in confidence and expected house price increases.
As a comparatively young business in Dunedin, I've been happy with what we have achieved so far. One of our biggest achievements has been the development of an in-house online booking system which automates a lot of the admin while keeping that personal touch. To date we've responded to 100% of all tenant enquiries within 24 hours and been able to create quality 1-to-1 viewing appointments with all viewers.
We've also joined REINZ as a property management member. This gives our clients reassurance that the trust account is audited on a regular basis, and all staff members are kept up to date with property management training and regulation.
And that's it for now - I wish you and your family an amazing Christmas and a happy new year!
