Offerings for new landlords

Question from Shane updated on 22nd February 2011:

I am new to investing and I would like to know how do you find out vacancy rates around the area where you intend on buy a rental property

Our expert Jeff Montgomery responded:

The Department of Building and Housing does not have a database of vacancy rates for specific areas. There are many things you should be aware of before becoming a landlord, including whether you will manage the tenancy or employ an agent, what obligations landlords and tenants have under the law, what type of tenancy agreement you will have, what pre-tenancy checks you should conduct. The Department has information and tools available to assist new landlords.

A helpful tool for first time landlords is the new landlord pack. A CD version of the pack is available, which includes advice from landlord and property managers. You can order, or view further information about the pack, at http://www.dbh.govt.nz/landlord-pack. The Department provides a landlord e-newsletter.

This is a quarterly news bulletin which covers new resources and tools, education events and opportunities, and topics of interest. Information about subscribing is available at http://www.dbh.govt.nz/Utilities/notifications/subscribe-notifications.aspx. To discuss your situation further, you can contact the Department of Building and Housing on 0800 TENANCY (0800 836 262).

The Department of Building and Housing provides information and guidance on building law and compliance, services including weathertight homes, and advice for tenants and landlords.

 

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