We like to be very transparent about our fees. Please see the Our Charges tab for full details. We are happy to provide a quote specific to your property that reflects the amount of work we anticipate your property will be, so please contact us to discuss.
On the first working day of each month a detailed statement is e-mailed to you and the net rent is deposited into your account. Monthly payments minimise an owner's bank fees, accounting costs and mortgage payments can usually be set up to be paid monthly to coincide with your rental income. We do also have a mid month payment cycle, so if this better suits your situation let us know and we can put you on a twice monthly payment cycle.
After the tax year ends on 31 March, you will receive your usual March statement and payment and additionally a year end statement showing all income received and expenses incurred for the year split into the typical accounting categories. This information minimises the workload your accountant needs to do to prepare your accounts, thereby minimising the costs you incur. We can also set up to two people to receive your statements so both yourself and your accountant can automatically receive them each month and year end. This again saves time and expense for you.
Many tenancies in Dunedin are fixed term with most starting/ending in the summer months of Jan/Feb. Ending a tenancy at this time makes good sense for both the tenant who will have the best choice of properties to choose from for their next home and the landlord for the best choice of quality tenants. Tenancies beginning outside of January / February are often set to finish in January / February the following year, rather than 12 months, which puts both the tenant and the owner in the best position for their next tenancy. Having said that, tenancy law now allows tenants to roll onto periodic at the end of a fixed term regardless of the owner's wishes (an owner may now only terminate a tenancy in limited circumstances). This is leading to a gradual change in the seasonality in Dunedin.
We ask for one month's notice to allow us to give reasonable notice to the tenants who among other things will need to change the bank account they pay rent into, wrap up and settle any outstanding invoices we had actioned on your behalf and to settle the final rent payment to you.
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