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The getting of wisdom

Landlords concerned about the increasing amount of rules and regulations it’s necessary to comply with can now get training to help them out.

Monday, November 11th 2019, 10:12AM

by Miriam Bell

In a New Zealand first, property management consultancy Real-iQ recently launched an online education platform which provides comprehensive training for landlords as well as property managers.

Real-iQ director David Faulkner says landlords are nervous about the changing regulatory environment around rental property and many want training on it so they can manage their portfolio well.

“We deliver the NZ Residential Property Management Level 4 (NZRPM L4) and found lots of landlords were approaching us to see if they could do that training too.

“But it’s a workplace qualification so you have to be working in the property management industry to do it. So we decided to try and help them out.”

And that’s how the company’s Real-iQ Academy – which is a step-by-step, interactive course to teach people how to manage property portfolios successfully - came about.

Landlords who sign up for the training work through five different modules covering all aspects of property management. This includes the Residential Tenancies Act, selecting tenants, managing tenancies, property inspections, and dispute resolution.

Within this there are 16 lessons and 17 online quizzes to complete. Participants need to get 80% right in the quizzes to progress through the modules, which all feature reading material, webinars, videos and downloadable booklets.

Faulkner says there’s about 25-30 hours of learning involved and, once signed up, participants have 12 months to make their way through the modules at their own pace.

“Landlords need to be aware tenants are customers who are paying for a product (accommodation) that landlords provide. So landlords have a responsibility to provide them with a good product.

“We wanted to ensure that landlords are educated about this and know what they are doing – and that’s what the Real-iQ Academy aims to do.”

Interested landlords can sign up for the Academy, which will be kept up to date with changes in legislation to ensure the learning is relevant, through the Real-iQ website.

The initiative is timely as there is increasing focus on the property management side of landlording.

That's largely because of the swathe of new Government policy around rental properties, including the Healthy Homes minimum standards and looming tenancy law reforms. This has all made for greater expectations for, and pressure on, landlords.

Read more:

Call to license landlords

It's the law: Healthy Homes standards

Tenancy law reform proposals announced

Tags: compliance healthy homes housing market insulation landlords minimum standards property investment property management rental market tenancy reform tenants

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.14 6.75 6.39
ANZ 8.64 7.74 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.14 6.79 6.65
ASB Bank 8.64 7.14 6.75 6.39
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.14 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.74 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 6.79 - -
Co-operative Bank - Owner Occ 8.40 6.99 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.49 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.89 6.55 6.35
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.69 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 7.99 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 6.99 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.09 7.59 7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.74 7.29 6.59
SBS Bank Special - 7.14 6.69 5.99
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.14 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 7.79 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 6.99 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - 6.55 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.35 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.75 6.65
Median 8.64 7.21 7.29 6.65

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