April 9th 2018
Good to read the report from Consumer NZ
who support the growing number of tenants and housing agencies who say the need for some form of regulation of property managers is needed now.
As a country New Zealand lags behind other developed countries in this area of property management,there is no regulation of property managers what so ever.You don't need any qualifications to manage rental properties,yet you deal with serious money in rents and have a lot of power and control over tenants lives.
As we mentioned,property managers are regulated in other countries,it is common practice and needs to happen here.Tenants are used to being ignored by property managers and tenants complain to being bullied or threatened with eviction or being blacklisted from ever getting another property. While most tenants / landlords get along.Those landlords who use property managers,have no idea off what is going on in the management of their investment.
So after all the publicity, lets hope that the government look's at implementing some form of regulation or to be licensed to be a property manager.We will follow this with interest,as tenants are in the majority and there is at long last, a culture of renting developing in New Zealand and there needs to be balance in these housing issues,concerning the wider community.
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