New legislation is having a big impact on the rental property market – what’s changed and what does it mean for tenants and landlords?
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New legislation is having a big impact on the rental property market – what’s changed and what does it mean for tenants and landlords?
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In this episode of ‘From Failure to Fabulous’ Nikki talks with property management expert Melanie Rouse about the Residential Tenancies Amendment Bill and what it means for both tenants and property landlords. They discuss the pros and cons of the end of 90 day no-cause terminations and what the new legislation is likely to mean for occupancy rates, rents and demand for rentals. They also talk about the impact of the big influx of kiwis returning home, what the slowdown in immigration and overseas students is doing to the rental market as well as how changing tenant expectations are affecting rental property returns.
Biography:
Melanie Rouse is the founder and managing director of one of Harcourt’s largest property management franchises nationally looking after more than 3000 properties. She is co-owner of Private Property Management in Auckland and the National Property Sector Group representative for the REINZ. She’s also a member of NZ Property Council and winner of the NZ Property Council’s Women in Property award for outstanding contribution to the industry. Melanie’s talent lies in maximizing the return for the property owner due to her extensive experience in all facets of the real estate industry.