What to do before you rent out your property?

#1 Smoke Alarms

Working/compliant smoke alarms are compulsory in all rental properties, and there are penalties of up to $7200 for landlords who don’t meet all regulatory requirements, or up to $4000 for tenants who interfere with smoke alarms, or otherwise take actions that may prevent egress in case of fire.

#2 Insulation

From 1st July 2019 all rental homes must have compliant ceiling and underfloor insulation. Where insulation is unable to be fitted due to lack of access, an exemption is available, however older existing insulation may need to be topped up or replaced to meet requirements.

#3 Healthy Homes Standard

The healthy homes standards became law on 1 July 2019. A signed compliance statement must be included and must comply within 90 days of any new or renewed tenancy after 1 July 2021.

Check out the links below for some helpful tips, and if you're not sure that your rentals have complied with the standards, give Ruby Housing a call today.

* Healthy Homes standards: Do you know what you need to do next?
* It's the Law - Healthy Homes Standards
* How does Ruby Housing ensure your rental meets the current rental home and new Healthy Homes Standards?

What is a rental appraisal? FREE rental appraisal at Ruby Housing

A rental appraisal by a Property Management agency is often required by your bank or mortgage broker, to ensure the rental income is sufficient to cover your lending and other costs. You may also want an appraisal when considering a new investment purchase, to see if income will cover your costs. Most investors will have a ROI formula (return on investment) when weighing up a property purchase.

To carry out a full appraisal we take into account all the above factors, along with assessing the property against other similar homes we manage, and knowing what features tenants are currently looking for. The time of year, immigration numbers, and employment stats all affect current market rents.

If you would like an updated rental appraisal on your property, please phone the Ruby Housing office on 03-3795033 or email office@rubyhousing.co.nz, and I’ll get back to you very soon!

Read more:
* How to set the rent for your investment property
* 21 Things Tenants Look For in Rental Properties
* What can you do to make your property more attractive to quality tenants?
* How to make your house stand out for new tenants over the Winter Season
* 26 Questions to ask before hiring a Property Management Company

Why choose Ruby Housing?

Ruby Housing is a locally owned and operated, independent property management company based in Christchurch, New Zealand. Managing Director Kim Willems is a dedicated investor, and a past president of the Canterbury Property Investor's Association.

With over 16 years managing rentals in Christchurch, and a dedicated team for leasing, inspections, and maintenance, we can handle all your management requirements.

So whatever type of residential investing you prefer, contact Ruby Housing today.

Low Vacancy

Better Tenants

Increased ROI

Landlords: what will my property rent for?

The first question many landlords have is what will my property rent for?

If you’ve been managing your own investments for a while you may not have looked at whether your rents are keeping up with the market. Private landlords will often leave rents as is, for fear of upsetting stable tenants.

However it is possible to maintain fair market rent and keep good tenants. Our 3 - step rent review process keeps your investment up to date with the market, while also keeping quality tenants in the property.

Like to know more? Just complete your name, contact details, and property information here, and I’ll get back to you very shortly.