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Unregulated property management jeopardises rep of all property managers

Fuseworks Media
Fuseworks Media

An unregulated property management market is jeopardising the reputation of all property managers operating in New Zealand, according to the Real Estate Institute of New Zealand (REINZ). As a result, REINZ has partnered with the Skills Organisation to now offer the New Zealand Certificate in Residential Property Management (Level 4), which is recognised by the NZQA to help improve professionalism, transparency and best practice across the Property Management industry.

Bindi Norwell, Chief Executive at REINZ says: "This is about helping to improve the skills and knowledge of property managers to help ensure that a more level playing field operates across the industry. The qualification will provide practical key learnings on best practice via industry led workshops, improve the understanding of current legislation impacting tenants, landlords and Property Managers, support Branch Managers when leading teams of Property Managers and ultimately help prevent ending up in front of the tenancy tribunal by building expertise on the appropriate obligations and responsibilities as a property manager.

"This is also about ensuring that people are one step ahead should a formal qualification be required by the Government should it regulate the industry down the track," concludes Norwell.

The programme takes 7 - 12 months to complete, commencing 10 June 2019, and is a combination of accessible online learning and four workshops led by industry and subject matter experts. The key topics covered are:

property management legislation

property inspections

completing rental appraisal reports

managing tenancy disputes, and

managing and marketing a residential property

REINZ is offering a special launch offer to current REINZ members looking to complete the qualification.

Normally the qualification costs $1,599 +GST but until 31 May 2019, REINZ members will be able to sign up for $1,499+GST. The non-member price is $1,899 +GST.

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