Author: apm
apm Client Newsletter – October 2023
In this edition we discuss:From Bill – Experience Peace of Mind with apm’s HomeWatch ServiceA Word from Howard – What to Look for When Buying an Investment PropertyResidential Property Management – Absorbing Increases in Property ManagementBody Corporate Management – Levies and BC/RA/CL Living, Bank Account ChangesCommercial Property Management – Anti-money Laundering Requirements When Leasing PropertiesWaiheke Escapes – Welcome to our new...Read More→
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Anti-money Laundering Requirements When Leasing Properties
New Zealand has implemented anti-money laundering (AML) regulations under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. These regulations apply to various businesses and professions, including those involved in the real estate/management sector. However, the specific requirements for AML checks on commercial property owners or their trusts can vary depending on several factors,...Read More→
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A Word From Howard – What to look for when buying an investment property
Investing in residential or commercial rental properties can be rewarding while offering a steady stream of income and potential for long-term appreciation. Making a successful investment requires careful consideration and due diligence.Whether you’re a first-time investor or a seasoned pro, perhaps the following crucial factors to look for when buying an investment property are nothing...Read More→
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Absorbing Increases in Property Management
Today I have both good and not-so-good news to share with you as our property partners.Last week we were advised that as from 1 December 2023 the advertising rates with Trade Me will be increasing by a minimum of $14.00 per advertisement, this increase is unfortunately less than a year since their last increase, that’s the not-so-good...Read More→
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Levies and BC/RA/CL Living
As the cost-of-living crisis continues to bite New Zealand, some focus has fallen on levies and trying to understand if they are increasing, why, and by how much. We are seeing increases to budgets of 5 to 15 percent on average. Increasing insurance costs due to a hardening market, an increase in replacement values, higher...Read More→
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Property Repairs – Who is Responsible?
The Residential Tenancies Act and Tenancy Services outline legislation that gives both property owners and tenants rights when it comes to renting property.If you own a rental property, it’s important to know what property repairs/damage you are responsible for throughout a tenancy.Property damage is not always straightforward, and it’s expected that tenants report to their...Read More→
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A Word From Howard – Building a Better Platform
As in many industries, building a strong team of passionate people who work with a reliable platform of systems, processes and procedures, helps ensure a desirable predetermined outcome. Property Management fits very easily into this model.On Tuesday 1 August by 10:25am, we had completed our July end of month financial processing. This meant we had...Read More→
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Committee Member Code of Conduct
One of the recent changes to the Unit Titles Amendment Act 2022 relates to a new Code of Conduct for body corporate committee members. The code was introduced on 9 May 2023 and a new section 114A was inserted into the legislation stating:‘The members of a body corporate committee must comply with the code of conduct for...Read More→
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Importance of Due Diligence When Tenanting Commercial Properties
Completing due diligence on prospective new commercial tenants is a critical step for landlords and property managers. This process involves thorough research and investigation into the tenant’s financial stability, business track record, and reputation.By conducting due diligence, property owners can mitigate risks and make informed decisions. It helps ensure that the tenant has the financial...Read More→
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apm Client Newsletter – June 2023
In this edition we discuss:From Bill – Feedback is a GiftA Word from Howard – Property MarketResidential Property Management – 10 Features Tenants Want in a Rental HomeBody Corporate Management – Memberships Matter in Professional ManagementCommercial Property Management – Fall Out from Extreme Weather EventsWaiheke Escapes – Welcome to our new properties, Winter Specials available Feedback is a GiftCustomer service is...Read More→
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