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What's your biggest gripe as a Landlord?

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  • What's your biggest gripe as a Landlord?

    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
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  • #2
    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.
    Squadly dinky do!

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    • #3
      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 ?

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      • #4
        my son (tenant) coming round to my house and drinking all my beer

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        • #5
          The inability for the system to effectively hold judgement debtors to task.
          www.3888444.co.nz
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          • #6
            Originally posted by donna View Post
            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?

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            • #7
              Originally posted by Keys View Post
              The inability for the system to effectively hold judgement debtors to task.
              Agreed. Drives me to distraction.

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              • #8
                Originally posted by kiwibean View Post
                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.

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                • #9
                  Hi Bluekiwi,

                  The properties are based in Porirua, Wellington

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                  • #10
                    That my standard of reasonably clean, Is Rarely If ever met!
                    Written by one of the team at http://www.chasepropertymanagement.co.nz/

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                    • #11
                      The 'clean thing' is one reason I don't do the PM myself.

                      cheers,

                      donna
                      SEARCH PropertyTalk, About PropertyTalk

                      BusinessBlogs - the best business articles are found here

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                      • #12
                        too hard to be legally classed as "fair and impartial" when managing ones own properties.
                        Written by one of the team at http://www.chasepropertymanagement.co.nz/

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                        • #13
                          I can't find the bags of money LLs are meant to have lying around...

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                          • #14
                            The seemingly constant stream of maintenance requests - new kitchens and bathrooms are required every couple of years, it seems
                            DFTBA

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                            • #15
                              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"

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