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Currently managing through an agent? How to switch to myRent.co.nz mid-tenancy

Photo: Art in Progress by Randy Heinitz

Switching to myRent is straightforward. Whether you’re currently managing yourself or through the agent, here are a few simple steps to follow.

If you are looking for a cheaper alternative to your current property manager or looking to gain more control over your investment, you’ve come to the right place. Change is good. And doesn’t have to be hard. We are here to help make the process as smooth as possible.

1. Find your contract with the agent and check the terms

There is always some small print when it comes to property management agreements. We hate them as much as you! We think landlords should choose when they want to leave (how novel!) and so there are never any lock-in contacts here.

Unfortunately, every agent contact is different, there are no set terms. You need to check any termination clauses, notice periods and any potential fees for early termination. To learn more on what to look for in the contact and take a note of read our article here.

If you ever in doubt, just send in your management agreement and we can advise you on how much notice you need to give.

2. No surprises? Give the correct notice

Make sure you give the correct notice to end your current contract in writing. Good news, you now should have about 30 days until your contract ends to sign up to myRent and contact your tenants to inform them of the upcoming change

3. Create an account with myRent.co.nz

Tell us your name and what property you would like us help you manage

4. Provide us with some basic information about your existing tenancy

  • How much rent you charge
  • How often rent is paid (weekly / fortnightly)
  • How much bond was charged at the start if this tenancy
  • When did this tenancy start (and due to end if the tenancy is fixed)

5. Tell us when you want us to start collecting your rent.

We allow for a few days to make sure you and your tenants are properly onboarded but you can nominate any custom date for us to start collecting your rent from.

6. Tells us about your tenants

We need your tenants’ names and email addresses to invite them to join myRent and to guide them through setting up process. We often reach out to them by phone as well if they need assistance.

7. And finally provide your bank account details, so we know where to transfer rent

Well done! Your account is now officially set up. One of our staff will send you a friendly email to welcome you to myRent. We will now get in touch with your tenants and help them setup. Make sure that you obtain all the documentation and information relating to the tenancy from your old property manager. This might include the tenancy agreement, rent receipts, records of repairs and maintenance, etc. You can start uploading these documents to myRent so you have everything in one place. Or you can just breathe out, have a coffee and let us do the rest. Remember if you’re stuck at any point, just reach out, we are always happy to help.

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