What's your biggest gripe as a Landlord?

[donna]

My biggest gripe as a landlord is needing to remind the property manager to apply the yearly rent increase. For some reason I have to always remind them and usually that's after the year is up and then there's the 60 day notice to apply.

Do any of these examples your biggest gripe?


· Tenants who claim to have paid the rent, but haven’t.
· Tenants who move pets into a property with no pets.
· Tenants who sublet or fill the property with friends and family.
· Tenants who don’t know what a rubbish bag is.
· Real estate agents who claim XYZ (whatever XYZ is. It could be that the property will get $500 rent per week when in fact it’s more like $420).

cheers,

donna

[Davo36]

Commercial tenants who complain about outgoings (rates, insurance etc.) costs when you sent them a full list and cost of said outgoings prior to them signing the lease.

[Bluekiwi]

The tricky little jobs that there are no obvious trademen to fix and the property manager is not sure who to get to fix, or a general handyman cant do.

Missing Knobs on ovens.
Endless Weird Shit.

With 13 tenancies, even with a property manager, its really annoying.

Will be up to around 18 tenancies by 2017 / 2018 with some of the things I am doing.
Not looking forward to the extra hassle.

Can see me culling some in a few years time for more peace and quiet.
Wonder if the IRD will like that as a reason to sell down ?

[jimO]

my son (tenant) coming round to my house and drinking all my beer

[Keys]

The inability for the system to effectively hold judgement debtors to task.

[kiwibean]

My biggest gripe as a landlord is needing to remind the property manager to apply the yearly rent increase. For some reason I have to always remind them and usually that's after the year is up and then there's the 60 day notice to apply.
donna

Hi Donna

I have also had this problem. I have three properties which I have bought in about 1 1/2 years and I rented them out myself to start with the decided I wanted to use a PM. When I asked about upping the rents he said the rent I was already getting was high. When I do my own research on TradeMe for rentals they are mid range rents and not asking too much at all. They all yeild over 11%-14% as got them for a very cheap price but want to get the most I can from them.

Would it be worth looking around for another PM?

[flyernzl]

The inability for the system to effectively hold judgement debtors to task.

Agreed. Drives me to distraction.

[Bluekiwi]

Hi Donna

I have also had this problem. I have three properties which I have bought in about 1 1/2 years and I rented them out myself to start with the decided I wanted to use a PM. When I asked about upping the rents he said the rent I was already getting was high. When I do my own research on TradeMe for rentals they are mid range rents and not asking too much at all. They all yeild over 11%-14% as got them for a very cheap price but want to get the most I can from them.

Would it be worth looking around for another PM?

If your houses are in reasonably good area's of Auckland, I know the best property manager by far, but you will have to PM me.

[kiwibean]

Hi Bluekiwi,

The properties are based in Porirua, Wellington

[teamchase]

That my standard of reasonably clean, Is Rarely If ever met!

[donna]

The 'clean thing' is one reason I don't do the PM myself.

cheers,

donna

[teamchase]

too hard to be legally classed as "fair and impartial" when managing ones own properties.

[Maccachic]

I can't find the bags of money LLs are meant to have lying around...

[cube]

The seemingly constant stream of maintenance requests - new kitchens and bathrooms are required every couple of years, it seems

[Leftette]

Come on, maccachic, that's not the spirit at all! You should have said "I can't find the time to count all this money"