With everything going on in the world right now, it’s easy to forget the end of the financial year is fast approaching. As a landlord, this is the time for you to gather your receipts, expenses such as the interest paid on the loan against your property, and to calculate your income. This way, you’re…
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Building a property portfolio is a great way to build your wealth. Here, we outline the most common approaches. Know your Motivation: Building a property portfolio is not a small undertaking. It comes with calls on your time, money and focus. Be sure you know why you’re doing it. For example, are you trying to…
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Understanding what tenants want can make your life as a landlord significantly easier, regardless of whether you’re considering your first investment property or your tenth. You must be confident that you’re buying an asset that will attract keen demand and a strong rental price. Your baseline must be the quality of the property itself. It…
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There’s been so much media on the plight of renters in the COVID-19 crisis that landlord rights feel lost in what has become a very public and somewhat one-way conversation. Here, we attempt to clarify issues from the landlord’s perspective. Since March 29, there has been a national moratorium on evictions of those who are…
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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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