Avoiding Rental Property Traps

You’ve decided to rent out a property but are you aware of the pitfalls? While “letting agents” and some real estate agents can rent out your property for a fee paid by the tenant, that may be all they do. Mary and David Vinsen, new owners of Auckland-wide property management company Quinovic in Parnell, say many new landlords are unaware that owning rental properties requires proper and often time-consuming management. “Some property owners discover to their consternation that management involves more than just letting premises and hopefully collecting rent,” Mary Vinsen says. “For example, how do you ensure that your tenants are reliable rent-payers or that your property is maintained and left in the condition it was rented at the end of the tenancy?” she asks. “Who monitors condition, organises maintenance, collects and accounts for rent and expenses for end of year financials? Generally, not a letting agency! But we do.” Established over 20 years ago in Wellington, Quinovic is the largest privately-owned specialist residential property management group in the country with offices individually owned, and operated to a consistently high standard across the country. The company acquires tenants with proven credit histories and references, lets properties without charging them fees; and is on call to deal with any property-related issues. Property owners can access regularly updated confidential reports via the internet covering the property’s condition, maintenance and repairs, rental cash flow, inspection reports and photos and customised financial statements. “The peace of mind and freedom to live your live as you’d like costs only a small fee based on a percentage of income,” Mary Vinsen says. David Vinsen says that some clients are actually former tenants who found Quinovic administration “firm but fair” and eventually enlisted the company’s management expertise when they acquired their own investment properties. For a free rental appraisal, contact us David Vinsen or Mary Vinsen at Quinovic Parnell; ph 473 4353; or email enquiries@quinovic-parnell.co.nz


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