apm Client Newsletter – February 2024
Posted by apm on February 16, 2024 Uncategorized
Welcome to the February 2024 Client Newsletter
This year’s going to be better than last year!
After a long delay while our new government got it’s three party coalition deal sorted, we are now seeing signs of action that are good for our industry. In particular we expect to see the mortgage interest tax deductibility on residential investment properties reinstated soon and the Brightline test reduced back to two years. Unfortunately there are indications that interest rates may rise still further yet, but at least you’ll be able to treat that interest as a deductible expense for your investment properties and you may not get penalised with capital gains tax if you choose to sell. Howard talks about the Government’s plans in more detail later.
We hope to receive confirmation soon that the Coalition government will stick with Labour’s plan to regulate residential property management. We are confident that we already meet or exceed all of the standards that will apply under regulation and we look forward to seeing a regime in place that deals to the small minority of service providers that have, at times, given our industry a bad name.
Climate change and its impact on the real estate industry will receive increased focus in the year ahead as insurance companies increasingly adopt more specific risk-based pricing rather than the blanket approach we have been used to. Unfortunately this may not be good news for the 4% of New Zealand properties that are considered to have a high exposure to floods and we recommend you get an insurance broker to shop around for the best deal for you. If you don’t have a broker we can put you in contact with one of ours.
One thing that we have very much appreciated over the last year is the many referrals we have received from happy existing clients. This is the ultimate compliment for our team and very much appreciated. If you are a residential or commercial property owner, a member of a body corporate or residents’ association or a holiday home owner and are happy with the services we provide, please tell your friends and family about us. Of course, if you are not happy with our services, please tell us so we can put things right.
Kind regards
Bill Highet
Managing Director
apm
A Word from Howard – The new Government’s Plans for Real Estate Investment
The new government has rolled out their 100-day action plan, but property owners and those in the property industry will be looking beyond the initial 100 days to see what proposed legislation changes will affect the industry.
apm Director Howard Morley reviews some changes that may be on the horizon regarding interest deductibility, bright-line test, and foreign buyers alongside policy to build more housing.
Kind regards
Howard Morley
Director
apm
Why Over 2,300 Landlords Trust us with their Rental Properties
We understand that in today’s dynamic property landscape, landlords have many options to choose from. Yet, time and again, you choose to stay with us. Why?
Residential General Manager Celia Burbery expresses how grateful we are for the trust and confidence our landlords have placed in us and delves into what sets us apart due to our reputation and knowledge, specialist property managers, full service support and our financial guarantees.
Incoming Body Corporate Management Changes – Stage Three
Last year our Body Corporate Management team implemented some of the changes outlined in the Unit Titles (Strengthening Body Corporate Governance and other matters) Amendment Act 2022.
This year, the final stage of changes commence from 9 May 2024 and includes changes to the Long Term Maintenance Fund plans, BC Manager regulation, and updated service agreements. Our General Manager Steven Garland discusses the incoming changes and how we are preparing for our clients.
Facilities Management for Your Property
Facilities management is a service offered to both our commercial properties and body corporates and we specialise in providing comprehensive facilities management services tailored to meet the diverse needs of property portfolios.
Our Facilities Manager Yavashni Chetty outlines how we can help maintain the operational efficiency and enhance commercial tenant satisfaction through our customised approach, proactive maintenance, cost efficiency, and comprehensive service.
[email protected]
+64 09 638 2551
Welcome to our new Waiheke Escapes Holiday Homes
We are pleased to showcase our recent holiday homes that have joined our holiday division Waiheke Escapes. Check them out on our website and book direct to save on third party fees!
Moa Studios
Oneroa
Close to village and beach
Close to bus stop
apm News
Meet our new team members
7 Questions With…
Stephy Qi – Senior Property Manager
Q 1. How long have you been working in the property management industry?
I’ve been working in the industry for 12 years.
Q 2. What is something you do as a professional property manager that a private landlord may overlook?
There are a number of things such as scheduled three monthly property inspections (or in line with owner’s insurance requirements), tenant reference and credit checks, and we also have on hand a list of reliable tradespeople for any job.
Q 3. What is a recent good news story you have had as a property manager?
I recently gained some new business rental properties after they had been referred by an existing client. It’s always good to know that my clients are happy to refer my services.
Q 4. Who’s been an influential person in your life?
My husband and my children.
Q 5. What are your hobbies and how did you get into them?
I love doing both Pilates and Yoga.
Q 6. Are you a dog person or cat person, or neither?
Both, however I am often found rescuing stray kittens when I am out and about conducting inspections.
Q 7. What is your favourite season of the year and why?
Summer = more fruits and not much rain meaning I am able to play golf with my family.