With talk now beginning of how New Zealand will bounce back from the coronavirus crisis, it’s reassuring for landlords to know that new research shows most tenants have not missed a rent payment. This great news for property investors illustrates the underlying strength of the rental market and the stability of the property sector compared…
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Changes have been made to the Kiwi rental market as a result of the lockdown, and these have an impact on both landlords and tenants. Here’s a quick snapshot: No rental increases for an initial period of six months from the start of the virus crisis. No termination of tenancies without mutual consent for a…
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Tenants have been given a helping hand from the government because of the coronavirus, and this has implications for landlords, too. Even though we are now at Level 2, the economic stress for many is still very much part of their lives. Government rules state no tenant can refuse to pay rent unless they are…
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Uncertain times always create opportunity, especially in real estate. Good buying exists not just in the residential sector but also for commercial property and in real estate investment trusts. Don’t let the media’s focus on house price fluctuation and auction clearance rates sway you from considering all the alternatives in real estate. Here, we’ve broken…
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Should I let my tenant reduce their rent? Not without reason. Tenants need to prove hardship directly due to the COVID-19 crisis. A letter from their employer is a start. The government-declared moratorium on evictions is not a rental holiday. Ask your property manager for advice. We’re still waiting for the government’s rent relief package,…
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If you’re an investor and not using a depreciation schedule for your property, you could be missing out on thousands of dollars in tax rebate. Costs and depreciation associated with your property can be deducted each year from your taxable income to improve your after-tax cash flow. Every circumstance is different but many investment properties…
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Local knowledge is hard to beat when it comes to choosing the right property manager to handle your rental property. A great property manager will maximise the return on investment on your property and minimise the stress of looking after the needs of your tenants. They will also know the pricing trends in your area,…
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Owning an investment property is a little like running a business. It provides a great source of income and builds personal wealth but inevitably comes with a series of costs that hit your bottom line. The great news for property investors is that many of these expenses are currently tax deductible. It is a common…
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It’s an asset that could earn more than $10,000 a year but should you really rent your spare room to a stranger? On the surface, it seems like easy money but there are several implications that might affect your decision. Here are the issues to consider: Tax Implications Any extra cash will be taxable, so…
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Finding a good tenant isn’t easy, but an experienced property manager can help you overcome the challenge. It’s essential you focus on a prescribed set of qualities that make a good tenant rather than rely on intuition or select an applicant simply because they look good on paper. Also, be aware that the Fair Housing…
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