property management regulation
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PHOTO: A call for a change

Following the recent launch of A Call for Change – Better Property Management an additional 30 organisations around the country have joined the Real Estate Institute of New Zealand (REINZ) in calling on the Government to state it will formally review the need to regulate the property management industry before the 2020 election.

Bindi Norwell, Chief Executive at REINZ says: “There are now 70 organisations around the country backing the need for the property management industry to be regulated. Some of these organisations include independent property managers who recognise the need for change.

“Additionally, we’ve had a number of landlords and tenants share their stories of how the lack of regulation has impacted them personally. We’ve had stories of financial losses, extreme emotional stress, health problems, regulations being ignored, damage to property and a loss of faith in using property managers. Some of the stories we’ve received have been extremely distressing to read,” continues Norwell.

“Every time a story of consumer harm arises in the media as a result of a property manager behaving in a manner that is dishonest or lacks transparency, this just strengthens our view that the property management industry needs to be regulated,” says Norwell.

“We strongly believe regulation is required to create an industry where all property managers operate ethically and with honesty and transparency, where tenants are looked after, and where landlord’s assets are protected,” she continues.

There are approximately 184,000 homes that are managed by property managers.

“If the Government can look into regulating the energy industry due to 33,000 households having their power disconnected, surely, they can agree to review regulation of the property management industry which is an issue that affects more than 180,000 homes,” concludes Norwell.

 

ENDS

For further information, please contact Dee Crooks, Head of Communications at REINZ, on 09 356 1753 or 021 953 308.

The total list of supporters now includes:

  1. Airedale Property (new)
  2. Asbestos Testing New Zealand (new)
  3. Auckland Professional Property Management Ltd (new)
  4. Auckland Property Management
  5. Barfoot & Thompson
  6. Bays Community Housing Trust
  7. Bayleys Realty Group
  8. Citizens Advice Bureau – Nga Pou Whakawhirinaki o Aotearoa
  9. Community Housing – Nga Wharerau o Aotearoa
  10. Community Housing Trust Queenstown Lakes (new)
  11. Community Law Centres o Aotearoa (new)
  12. Consumer
  13. CORT Community Housing (new)
  14. Cowdy
  15. Crockers Property
  16. Employers and Manufacturers Association
  17. FaceUp Real Estate (new)
  18. First Avenue Property
  19. First National real estate
  20. Goodwins
  21. Gralin Property Manager (new)
  22. Habitat for Humanity
  23. Harcourts
  24. Harveys (new)
  25. Healthy Homes New Zealand (new)
  26. Infrastructure New Zealand (new)
  27. In Property Ltd
  28. Irelands (Independent Property Managers) (new)
  29. Lifewise (new)
  30. Living Corporation Ltd
  31. LJ Hooker (new)
  32. Lodge Real Estate (new)
  33. Maintain to Profit (new)
  34. Maintenance Manager (new)
  35. Manawatū Tenants’ Union
  36. Meth Testing New Zealand (new)
  37. Monte Cecilia – Housing Homeless Families
  38. New Ground Living (new)
  39. New Zealand Green Building Council
  40. New Zealand Union of Students’ Associations – NZUSA
  41. Ngāi Tahu Property (new)
  42. Nidd Realty (new)
  43. Oracle Property Management (Independent) (new)
  44. Oxygen (Independent Property Managers) (new)
  45. Palace (new)
  46. Pinkney Property Management (new)
  47. Professionals
  48. Professionals Whakatane
  49. Property Brokers
  50. Property Council New Zealand
  51. Property Safe (new)
  52. Ray White
  53. realestate.co.nz
  54. Real-iQ
  55. Rental Living Property Management
  56. Renters United
  57. Resolve Property Management (new)
  58. Skills
  59. Spectre Property Management Services Ltd
  60. Summit Property Management
  61. Tapi
  62. Tauranga Rentals Ltd
  63. The Rent Shop Ltd
  64. The Salvation Army
  65. Tommy’s Property Management
  66. TPA – Tenants Protection Association
  67. Vision West Community Trust (new)
  68. Watson Real Estate (new)
  69. Wendell Property Management
  70. Whittle, Night & Boatwood Ltd

PRESS RELEASE REINZ