Author: apm
Body Corporate Department Wrap Up for 2023
2023 has been a challenging year all round. We got off on the back foot with the Auckland Anniversary Floods quickly followed by Cyclone Gabrielle in February. The insurance industry was overwhelmed with the quantity of claims. Assessors and Loss adjustors were flown in from other countries to work through the backlog and when they...Read More→
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What’s Proposed for the Property Industry?
As we move into a new year with a new government, no doubt we are all waiting with bated breath to see if election promises morph into real changes that will affect the property market for all of us. What did the new government propose? The five proposed changes that caught my eye are:Restore loan interest deductibility...Read More→
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Health & Safety Responsibilities for Commercial Properties
Health and Safety compliance management is one of the most important tasks in Commercial Property Management for everyone involved because if it’s not done correctly the consequences can be extremely serious. Under the Health & Safety at Work Act 2015 all parties including Landlords, Property Managers, Tenants and Contractors are considered to be PCBUs (Person...Read More→
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5 Things Not to Plug into a Multi Power Board
A multi power board or multi power strip are a handy tool to have in the home, especially in areas of a house that need lots of electronics but there are fewer power outlets available. They are a portable device that has multiple sockets so more than one thing can be plugged in at a...Read More→
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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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