Hi all,
I have just read the other threads on here re boarding houses/rent by room investments. I am totally ready for any slagging I am about to get as obviously these landlords don't get much respect.
We (family and I as a jv) are thinking of buying such a property in Chch, it is in a lovely area and close to good facilities, 5 mins to city (drive), 40 min walk 10 bed, 3 bath loads of parking, fully furnished and including power, internet, sky, weekly cleaner for common areas. CF+ by a small margin if we account for 80% occupancy. If/when interest rates drop CF+ by a large margin.
Has anyone done this sort of thing in Chch and had success/failure?
Just want to hear your stories, everything else seems to be based on AKL and its a totally different market.
Also the property is fully managed, each tenant signs an agreement (not RT) with the manager, only require 48hours notice to get rid of them and likewise.
Thanks in advance,
Emma
I have just read the other threads on here re boarding houses/rent by room investments. I am totally ready for any slagging I am about to get as obviously these landlords don't get much respect.
We (family and I as a jv) are thinking of buying such a property in Chch, it is in a lovely area and close to good facilities, 5 mins to city (drive), 40 min walk 10 bed, 3 bath loads of parking, fully furnished and including power, internet, sky, weekly cleaner for common areas. CF+ by a small margin if we account for 80% occupancy. If/when interest rates drop CF+ by a large margin.
Has anyone done this sort of thing in Chch and had success/failure?
Just want to hear your stories, everything else seems to be based on AKL and its a totally different market.
Also the property is fully managed, each tenant signs an agreement (not RT) with the manager, only require 48hours notice to get rid of them and likewise.
Thanks in advance,
Emma
Comment