Header Ad Module

Collapse

Announcement

Collapse
No announcement yet.

I am Nervous, No I am Scared

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Originally posted by Anthonyacat View Post
    Well that's good to know. I blamed my Airbnb manager.
    You say Airbnb manager. Is this someone who does all the letting, cleaning etc.?

    Do you get a lot more rent that way? Even after their costs?
    Squadly dinky do!

    Comment


    • Yes my attention was immediately drawn to the same question Davo.
      Last week when all this anti-landord stuff looked really dangerous I started looking at AirBnB prices for the property areas relevant to me & it seemed that the nightly rates didnt add up to much more than the rents i currently get in Akld CBD, plus theres the vacancy & cleaning & admin to consider, so if Antony has effectively found an airBnB PM i'm interested in finding out more.
      Food.Gems.ILS

      Comment


      • Originally posted by Davo36 View Post
        You say Airbnb manager. Is this someone who does all the letting, cleaning etc.?

        Do you get a lot more rent that way? Even after their costs?
        Yes, does everything. Takes 15% + GST for the effort, which frankly I think is ridiculous. There are a lot of them. MyHotel, Pillo, GuestEasy, Idle... They tend to all charge about the same.

        I got an enormous profit in March and April, after all costs. Huge loss in May and June when there was large vacancy. I haven't been running it long enough to know what is exception and what is rule.

        I'm concerned that so far, it looks like I've got no bookings in December or January (but a couple good ones in Feb), despite the rate being dropped a little. But I've resolved to trust the managers for this Summer, stay out of their way, and fire them if there's a bad result.
        Last edited by Anthonyacat; 12-11-2017, 04:27 PM.
        AAT Accounting Services - Property Specialist - [email protected]
        Fixed price fees and quick knowledgeable service for property investors & traders!

        Comment


        • This from the interest website I came across when searching for apartments

          Bianco building


          The property may not be weather tight or structurally sound."


          Body Corporate minutes for the building show an Extraordinary General Meeting was held on 21 June this year to consider issues relating to weathertightness in the complex's roofs, balconies and car parks and also issues relating to its structure, fire protection and hydraulic services.


          It was resolved at the meeting to strike special levies totaling $500,000 to cover further detailed investigations of the issues and legal costs.

          Going back on OPS thread, Ross is making a good point.
          This investment vehicle is getting more and more complex and more to the side of socialists. Its no longer a level playing field.
          Last edited by BlueSky; 12-11-2017, 05:21 PM.

          Comment


          • Originally posted by Anthonyacat View Post
            I'm concerned that so far, it looks like I've got no bookings in December or January (but a couple good ones in Feb), despite the rate being dropped a little. But I've resolved to trust the managers for this Summer, stay out of their way, and fire them if there's a bad result.
            I guess AirBnB gets quite a lot of last minute bookings so no hopefully that will change. However, there has been a huge increase in the number of people renting out rooms/properties via AirBnB so wouldn't be surprised that the market is getting flooded. As an example, this time last year there were 90 odd AirBnB places in Oamaru (which I thought at the time was excessive), the year before there would have been less than 20. Now there are 140+.

            If it were me, I'd be (and am) hands on with management/bookings, it doesn't take that much time but each to their own- it's your potential profits you are entrusting them with.

            Craig

            Comment


            • Originally posted by BlueSky View Post
              The property may not be weather tight or structurally sound."

              Body Corporate minutes for the building show an Extraordinary General Meeting was held on 21 June this year to consider issues relating to weathertightness in the complex's roofs, balconies and car parks and also issues relating to its structure, fire protection and hydraulic services.
              Yes - Potential problem there, though not one that we knew existed when I purchased. A little annoying. From my understanding there doesn't appear to be any weathertightness issues, but potential structural, who knows. Big report with far too many pictures and pages documenting every tiny paint-flecking, makes it tough to determine what's actually a problem.
              Last edited by Anthonyacat; 12-11-2017, 07:23 PM.
              AAT Accounting Services - Property Specialist - [email protected]
              Fixed price fees and quick knowledgeable service for property investors & traders!

              Comment


              • things are fraught

                8 scotia place had a few leaks in a few B? units at lower floors

                after much humming + harrying

                the suggested repair is to kick everyone out for a year?

                while the entire building is reclad with a curtain-wall system

                and most of the decks covered in

                why not just fix the effected units?

                because it was felt that everything was going to leak eventually

                and better to bring a failed system up to code together

                than bit by bit
                have you defeated them?
                your demons

                Comment


                • At least Whaleoil is trying to bring balance to all the negative twaddle on ""evil"" landlords in this fight fire with fire rebuttal op-ed piece on Phil Twyford , Minister of Housing recent commentary:

                  https://www.whaleoil.co.nz/2017/12/a...us-affordable/

                  Comment


                  • No one listens to whale oil.

                    Hey Bright line test going to 5 years, not back dated, they don't usually do that, but hey make it 10 years or 20 years, or 100 years.
                    Doesn't worry me.
                    Rentals to hand on to your children and create generational wealth, why sell the golden goose.

                    Better rental standards, great news, picks up all the dodgy land lords and speculators.
                    But rental stock will plunge as spec holders will not be bothered with upgrading houses to get a bit of rent.
                    Will be cheaper for them to just keep empty houses most likely.

                    Rents are going to spiral really high under labours watch.

                    Especially all this upgrading, on top of massive Insurance and Rates Costs.
                    These "CAPITAL" taxs where property owners pay for council and city infrastructure.
                    While non property owners get all that for free.

                    The poor investor who cant feed his family on capital gain, who subsidised these people on the whiff of perceived equity wealth.
                    Will have to start charging the real cost of housing to tenants now.

                    Comment


                    • Originally posted by Bluekiwi View Post

                      Rents are going to spiral really high under labours watch.

                      Especially all this upgrading, on top of massive Insurance and Rates Costs.
                      These "CAPITAL" taxs where property owners pay for council and city infrastructure.


                      While non property owners get all that for free.
                      Well... While the bill for the rates and insurance etc is addressed to the property owner, it is actually the 'non property owner' tenant that pays these and other costs. Correct?

                      Comment


                      • Tenants look at the TOC so the outgoings are factored in

                        Comment


                        • Originally posted by Bluekiwi View Post
                          No one listens to whale oil.

                          Hey Bright line test going to 5 years, not back dated, they don't usually do that, but hey make it 10 years or 20 years, or 100 years.
                          Doesn't worry me.
                          Rentals to hand on to your children and create generational wealth, why sell the golden goose.

                          Better rental standards, great news, picks up all the dodgy land lords and speculators.
                          But rental stock will plunge as spec holders will not be bothered with upgrading houses to get a bit of rent.
                          Will be cheaper for them to just keep empty houses most likely.

                          Rents are going to spiral really high under labours watch.

                          Especially all this upgrading, on top of massive Insurance and Rates Costs.
                          These "CAPITAL" taxs where property owners pay for council and city infrastructure.
                          While non property owners get all that for free.

                          The poor investor who cant feed his family on capital gain, who subsidised these people on the whiff of perceived equity wealth.
                          Will have to start charging the real cost of housing to tenants now.

                          Well how can we expect rents to spiral if tenants wages are stagnant? Unless Jacinda releases more welfare funds to feed a rent rise frenzy, then again imposing a draconian rent rise control would curtail the need for more welfare handouts.

                          I get the picture that people need somewhere to live and supply & demand theory applies but at the same time this new socialist lefty government are seeking to "eat the rich" and enrich the poor.
                          Last edited by mrsaneperson; 05-12-2017, 12:03 AM.

                          Comment

                          Working...
                          X