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Type: Posts; User: Lighthouse

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  1. Replies
    3
    Views
    661

    Borrowing in a foreign currency without some sort...

    Borrowing in a foreign currency without some sort of swap or hedge in place is a major risk for companies let alone for a mortgage on residential property. The problem with it is that your income is...
  2. What steps did you take when you diligently...

    What steps did you take when you diligently checked the references? Did you have any other candidates to choose from? It might pay to do a inspection to see how the property is holding up.
  3. Replies
    182
    Views
    47,594

    Sticky: States on the search page "on behalf of the...

    States on the search page "on behalf of the tenant" so I assume the money will go to all the tenants.

    Both managers and landlords. Some is complaint driven but other cases seem more like an audit...
  4. Replies
    182
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    47,594

    Sticky: I have heard by word of mouth that the Ministry...

    I have heard by word of mouth that the Ministry of Business, Innovation is getting tough with professional landlords.
    This ruling seems to confirm this trend.
    ...
  5. That clause is illegal. You need to use a...

    That clause is illegal.
    You need to use a conditional offer of tenancy document.
  6. Sounds like you have been up a certain creek...

    Sounds like you have been up a certain creek lately. Flushable wipes look like cut t-shirts when pulled out.
    https://www.dropbox.com/s/7qnj6f5eb9n13fy/1528174898502b.jpg?dl=0

    I added this to my...
  7. Replies
    1,216
    Views
    194,268

    Poll: This one is a good read....

    This one is a good read.
    https://forms.justice.govt.nz/search/Documents/TTV2/135893187.pdf
  8. Replies
    14
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    2,669

    A SOOB is permissible under the RTA so long as...

    A SOOB is permissible under the RTA so long as the property is used for principally for residential purposes.

    https://forms.justice.govt.nz/search/Documents/TTV2/121438240.pdf...
  9. Thanks for the insight.

    Thanks for the insight.
  10. Obviously, things have worked out well for you...

    Obviously, things have worked out well for you with your Porirua investment strategy.
    What is it about the way you do things that made this a successful venture for you?
    How would you have fared in...
  11. In general, rulings about "grey areas" don't...

    In general, rulings about "grey areas" don't favour the landlord.

    Also, I wouldn't call this a grey area.
    https://forms.justice.govt.nz/search/Documents/TTV2/111021010.pdf (Reasons 11,13)

    If...
  12. Replies
    5
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    818

    Property management firm is liquidated

    What abnormalities lurk in the Trust accounts of this outfit?

    https://www.interest.co.nz/property/92239/former-ray-white-agent-david-sharma-under-investigation-real-estate-authority-clients
  13. Always buy with vacant possession as Anthony...

    Always buy with vacant possession as Anthony stated.
    Otherwise, you may have to learn this rule of thumb the hard way.
  14. Replies
    45
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    25,567

    This video relates to the US plumbing code but...

    This video relates to the US plumbing code but explains the theory and problems that can occur with water seals.

    https://www.youtube.com/watch?v=Y2o8upCxcqA
  15. Replies
    8
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    1,265

    As Sharon states this is really about section 24....

    As Sharon states this is really about section 24.
    90 days and no less than 21 days is known as the effective period in Section 60A and is only relevant if the tenancy is not to be extended.
    60C is...
  16. Replies
    34
    Views
    10,640

    No. I wasn't discussing any of the wider issues...

    No. I wasn't discussing any of the wider issues that you have on your mind, just the process of tenant selection.
    Naturally, there is variability in both landlord quality and tenant quality. I note...
  17. Replies
    34
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    10,640

    Michael, you might change your position if you...

    Michael, you might change your position if you were doing this sort of work on a regular basis.
  18. Replies
    129
    Views
    18,010

    I don't think the owner would agree. He spent a...

    I don't think the owner would agree. He spent a significant sum bringing a derelict unit back onto the market and in this case, he has done better than expected. I did explain to the owner that this...
  19. Replies
    129
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    18,010

    It will get worse via The law of unintended...

    It will get worse via The law of unintended consequences.
  20. Replies
    129
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    18,010

    The shortage is extreme in Lower Hutt. I recently...

    The shortage is extreme in Lower Hutt. I recently let a renovated two bedroom unit in a Body Corporate and it was necessary to ask tenants for their best offers due to the surplus of high-quality...
  21. Replies
    138
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    18,786

    How is Judge Phillip's ruling in the Vic Inglis...

    How is Judge Phillip's ruling in the Vic Inglis case is being applied?

    https://forms.justice.govt.nz/search/Documents/TTV2/131614035.pdf

    "In summary, where a property cannot lawfully be used as...
  22. Replies
    34
    Views
    10,640

    It is a useful tool. Use it as part of your...

    It is a useful tool. Use it as part of your vetting process. Also, develop some rules of thumb that you stick to when evaluating tenants. Find reasons to decline an application rather than explaining...
  23. Maybee they are looking to start a home business...

    Maybee they are looking to start a home business together?
  24. Replies
    9
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    1,717

    You could try Palace...

    You could try Palace with that number of properties.
  25. Replies
    34
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    10,640

    Try https://www.grammarly.com/ as it looks like...

    Try https://www.grammarly.com/ as it looks like you are currently creating a number of new documents.
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