risk register on a table

The Risk Register: Why Standard Property Inspections Are Failing Investors

If you hired a structural engineer to inspect a bridge, and they just walked across it and said, “Looks good, mate,” you would fire them. Yet, this is exactly how most property managers inspect your $1 million asset.

They walk through, check if the carpet is clean, take a photo of the oven, and send you a report saying “Tenant is keeping the place tidy.”

This is not an inspection. It is a visit.

At Venko Property, we believe that a residential tenancy is a business arrangement governed by strict legislation (The Residential Tenancies Act 1986) and even stricter insurance contracts. A “tidy house” does not mean a “compliant asset.”

The “Gradual Damage” Trap
Most landlord insurance policies in New Zealand have a specific clause regarding “Gradual Damage” (e.g., a slow leak behind a vanity). To claim this, you often need to prove that you inspected the property specifically for leaks with “reasonable diligence.”

A photo of a tidy bathroom does not prove diligence. A checklist item that says “Checked vanity plumbing for moisture readings: Pass” does.

The Venko Difference: The Risk Register
We don’t do inspections. We do Risk Audits. Every quarter, we assess your property against a live Risk Register that tracks:

  1. Healthy Homes Standards: Is the insulation settling? Is the heat pump filter blocked?
  2. Insurance Liability: Are the gutters clear? (Blocked gutters can void water damage claims).
  3. Safety Hazards: Loose deck railings, slippery paths, or electrical risks.

We treat your rental like a commercial site. Because when the Tribunal calls, “She’ll be right” is not a legal defense.

Download our 10-Point Auckland Rental Risk Audit Checklist to see if your property would pass a real inspection.

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