Yesterday afternoon the government outlined the next phase of its housing agenda which involves overhauling the Residential Tenancies Act once again. While we have come to
expect significant changes to the RTA under this government, we consider that which was announced to cause such major disruption to the landlord-tenant
dynamic as to further tip the balance of power away from landlords who, let’s not forget, are the legal owners of these rental properties.
Therefore, we feel that it is important for organisations like ours to offer a guiding voice for landlords during these stressful times:
1. Keep calm: Expect to panic
so to speak. They are not statements of law. The legislative process is not yet trigged. There isn’t yet a bill in front of Parliament. Until that
happens, there are still a lot of salient details unknown to the public.
a wave of ‘experts’ making doomsday prophecies based on the flawed premise that all tenants are by definition bad and act with malice. They are
not and they do not. Expect to be told that the end is nigh and that you should have dumped your portfolio yesterday. Both untrue.
these industries are legitimate, others are simply leveraging off your fear.
decisions about your rentals when you find yourself gripped by fear and uncertainty. Remember this: There is no bill yet.
2. Stay sharp: By all means, keep panicking
To be clear, we are not here to lull you into a false sense of security. Some of these changes Kris Faafoi talks about are nothing short of catastrophic
for landlords. We don’t just want you worried, we want you to worry enough to take action. And we will be with you all the way. Our goal from here
is to channel your anxiety into constructive actions and productive outcomes.
be plenty of those around). Find your sources of truth and make sure you know what you should know. Things to know right now include: a clear summary outlining the substance of the proposal written by APIA Vice President, Peter Lewis who attended the
actual announcement as well as a clear commitment from the NZPIF to continue with its advocacy efforts to push back against the harshness of
Sign up to our newsletters (sign up for a free subscriber account if you are not already a member), follow
us on Facebook, or join our members-only private Facebook group. The NZPIF also pushes out regular communications to landlords and Tenancy Services has a newsletter to keep landlords up to date.
3. Speak up: If you don’t, no one else will
Start getting your head around the absolute imperative to speak up if you want a future in property investing.
local MPs, making submissions in response to the eventual bill, writing to media outlets and participate in social media dialogues. The time
has come for landlords to speak up in a loud, clear and unified voice. Speak up and be with us.
4. Carry on: Remember, business as usual
The Faafoi announcement yesterday was nothing short of disappointing. Still, that doesn’t take away from the fact that many of you reading this
still have rental properties to run and tenants to look after. Don’t let what you fear could come affect your ability to deal with what is
already in front of you. Keep up with your inspections, keep crunching those numbers, reviewing your rents, chase up late-payers, talk to your
team and improve your business practices.Many of us have worked far too hard for far too long to get to where we are today. It would surely
be a big crying shame if we allow ourselves to be derailed and deflated just because Kris Faafoi stood at a podium and said a few words yesterday.
So, chin up. Keep calm, stay sharp, speak up and carry on.