LL focused policies from New Government

[donna]

I see Wellington is one of the lowest - more emigrating from here?

Though I’ve worked out - this year I have put the rent up by about the same percentage as the average for Wellington.

cheers

Donna...

[donna]

^^ cleaning carpets should be enough. The oils love porous surfaces. I recall when it was a must that tenants had to clean carpets- but that may be just in Australia (and not sure if it’s still required now. It was when we rented there and had a rental there).

Cheers

Donna

[donna]

Yeah put a link to all the policies in here

If LL selling 90 days now 42 but is the usual notice still 90 days or is any notice for the end of the periodic tenancy now 42 days?

regards

Donna...

[donna]

Hi All,

We must be feeling good about these policies aye.....


Landlord-related policy changes

Pet bonds - (wanted by ACT) LLs can take a bond for a pet. No mention of what that bond could be? Any thoughts on what that may be - a week's rent or more?
...

[donna]

We are making great progress - however please let me know if you experience anything unusual.

regards,

Donna

[donna]

Hi Skid,

The cost of the paint might be contestable. They could say you wanted to paint to improve the property. Plus, as it's a rental, you can claim the paint and maybe also your time as an expense, so I'm not sure that would work.

Also maybe you just clock this one up as...

[donna]

Hi All,

We are working through some firewall rules that are causing some issues with posting. Hopefully we can get through them quickly so normal posting can resume. Thanks for your support.

regards,

Donna

[donna]

To my knowledge it's always been the deal that tenants are to return the property in the same condition as they found it - ignoring general wear and tear. If you didn't give them a non smelly property then they need to return it - non-smelly. There is nothing untoward about that expectation.
...

[donna]

Nearly 6 weeks since the Election and while we still have a caretaker Government talks have finished and all should be know tonight. Winston wanted to be deputy - so a tussle with Seymour. Who gave in or are they sharing the role?

All to be revealed by tomorrow morning and the swearing-in...

[donna]

testing now

[donna]

Argentina and 5 more countries are joining BRICS - with an objective to create a new world order - one where USA is not the dominant economic force.

However they are an odd bunch politically and likely to suffer from infighting, mistrust - can they challenge the USA and what would that...

[donna]

^^ thanks FreezingHot. You will find it in our newsletter due out this week.

How did you manage it? Was it as straightforward as having enough equity in your portfolio to release one property?

I ask because I am wondering if it is this easy when you get within a decade...

[donna]

Hi CluelessOne,

Not your real name I guess

I recommend contacting GRA - they will definitely know what to do and you really do need professional advice. GRA banner is above or go to GRA.co.nz

regards,

Donna...

[donna]

Agree and while it would be nice to see a fast rollback of interest deductibility I can’t see it happening. Nothing is fast currently with is new Government.

I wonder what the migrant stats are re. Stayers versus those with short term visas. Airbnb must be doing well.
...

[donna]

A requirement to have an EPC rating of C is prompting Landlords to sell up in the UK. According the Wikipedia the average home in the UK is a D rating.

Double glazing is on the list of what can be done to get a C rating. This explanation is really good (see link below) - it says if your...

[donna]

Hi JohnnyX,

An experienced PM can manage between 100 - 150 properties when they have the right systems and tech.

However it’s not a role for everyone. You need great communication skill, high levels of tolerance, in-depth knowledge of the RTA, and experience of the TT and...

[donna]

Hi CKD

Please can you upload an image of your skylight or use a free service like https://imgbb.com/ to host the image and you just share its URL. Google drive needs a Google account.

thanks

Donna

[donna]

Even so is 38% rise in rent enough? It won't cover - the double interest rate worth thousands per month for any new investors coming off low-interest loans for example.

And still we wait to hear anything from the new Government!

[donna]

Mike Greer Homes has had some issues over the years. I'm not sure I'd be rushing to buy one of their builds. This is just my opinion. It's always wise to do your research and the decide.

cheers

Donna

[donna]

But will you be alive then?