We recently bought our first home. To help out with the mortgage we got a flatmate/tenant.
Our house is designed in a way where we were able to have one side of the house and the tenant has the whole other side so we are not in each other's space.
The price for them was with...
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How does a self employed person show Proof of Income to a landlord?
How does a self employed person show Proof of Income to a landlord?... -
What you need to know about Tenants subletting your property
With tourists coming back to NZ and rent increases stretching tenants to near breaking point one option you as the LL or the tenant may consider is subletting - hopefully with your permission.
Did you know.....- subletting is not just when the tenant moves out - and someone else moves
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How to take out equity in fully paid for rental homes
In 2009 I purchased two rental homes in California for about $275K each. Today, estimated sales would be $650K each. They have no mortgage. Existing renters are fantastic and never late. Combined rental income is $57,000/yr. I'm retired and manage these two homes myself, and with great renters... -
timing of notices under new arrears provisions?
Hi All.
We have run into familiar dramas again with sporadic arrears, and I've found the new rules difficult to apply to the situation.
tenancy services gives 5 examples where the 5 day arrears notices can be given but none seem to cover our situation.
Rent was due Friday 3rd and did... -
Rent increase - how much is too much?
Hi All,
Landlords have one crack at it every year. If the tenant accepts your rent increase but leaves after a month you're stuck with the rate for the next 11 months (is my understanding of the new rules). Therefore getting the increase amount just right is challenging - if you want... -
Psycho trespassing, has no lease or keys
Couple applies for 90 lease (not covered by RTA). Monday
Woman signs agreement, pays the cash (3 months in advance plus bond), and takes the keys. Man not on the agreement.
Couple moves in Tuesday.
Weds, woman fills car and leaves.
Man aggressive, arrogant and threatening... -
Tax Deductability Question - Future Rental
Hi,
I'm wondering if you could help with a question;
I built a new home which was completed in August 2018, I'm now looking to build a bigger house to live in and rent out the home that was built in 2018.
Do you know what Interest tax deductibility criteria I fit... -
Market Rent - can it go down?
Hi, I'm writing on behalf of a friend who owns a commercial property in Auckland - it's a very specific space in the accommodation industry. The tenant is a large corporation.
This year a market rent review needs to be done. The current annual rent is about $44k +GST.
My... -
Claim for part of bond refunded to tenant in error by Bond Centre
We, the property owners and managers, reached an agreement with exiting tenants: we would claim a portion of the bond paid at the beginning of their tenancy and they, the tenants, agreed to our claim. We duly completed a bond dispute form and it was lodged with the bond centre, i.e. the landlord did... -
Annual Accounting Fees
It's certainly been a long time since I visited. Hello all :-) What'sthe going rate now for annual accounts, simple set, couple of rentals, everything coded to perfection on Banklink, just need running of depn sched. and a couple of private use jnls and two tax returns. I'm thinking of moving after... -
Wanted to buy another IP, Everywhere is a bubble. Where to?
Dunedin which is barely 100k people and doesnt have that much employment has had its prices increase insanely. One property sold for $600k in 2016, is now asking $1.5m, which clearly they wont get, but even if they get $1m it is nuts. It is 1hr 20 from Dunedin. You can buy plenty of homes in Auck for... -
Landlord Moved In To Sleepout Only Reduced Rent $25
Hi,
We have lived in a residential property since 2013, with agreement from the landlord my mother was given permission to sub-let the sleep-out located just meters from the main house to my sister for her and her kids,( the sleep-out is not legally a secondary dwelling), we were charged $550... -
Paying for an electrician
We've recently had new tenants move into our house in Auckland, and they just purchased a fridge off of Trade Me that keeps tripping the fuse to the kitchen - a friend of mine (with an electrical background) popped in to check out what's going on, and has said that the fridge is an older model, so will... -
Tenant wants a smart meter. Who pays?
Tenant wants to change electricity providers, and the new provider requires a smart meter. Tenant is requesting Landlord pays.
1. Whose responsibility is it to pay for meter?
2. If its not the Landlords responsibility would you pay anyway?
Seems to me if the tenant...