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Loans - interest deductibility rules
Hi, I need to do considerable repairs of circa $100k to my investment property due to weather damage. I have to borrow to finance the repairs. As the loan is not being used to purchase the property itself, am I able to deduct the interest for the new lending to pay for the repairs? Likewise if I...
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Pets allowed?
If a Tenancy Tribunal ruling creates a precedent, this seems to open the cat flap to all lots of difficult conversations.
https://forms.justice.govt.nz/search...unal_Order.pdf...1 Photo
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yield % when water coming out of rent paid?
Hello,
Calculating rental yield.
Multiple units on single water meter. I had assumed / expected water to be covered by renters on separate meters.. so my question is if it is correct to quote a yield of x when landlord paying for water out of rent coming in?
I...
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Experience/Knowledge Leasing short term to Auckland Social Housing, older dwelling?
Hello all, hoping someone may have experience or knowledge in this..
Looking to buy a rental, older/pre 2010 home (build/insulation standards).. has tenants, but social housing interest deduction adds $20k more benefit.... hard to walk away from that...
Does anyone have any...
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Help needed with dealing with owner occupied house next to our rental
Hi everyone, hoping you may have ideas on how to deal with an owner occupied property next to our rental. Person has a gadget that emits ultrasonic sound that all the immediate neighbours can hear if they are under 30 and leaves it on.. Has been going for a week, and tenants are besides themselves it...
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Renting previous family home
Hi everyone,
hope someone can help me with this, we recently purchased a new house to live in , our intention was to sell our previous house but have found it impossible to achieve a desired price so am thinking of renting the old house out until market improves. We bought the house in 2007 and...
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Calibre of tenants these days!
Trying to find a new tenant for our rental and it’s proving difficult, many applicants are less than desirable, getting harder to find the best tenants nowadays!
anyone else finding this out? But it is nearly Xmas so maybe in the new year there will be a better selection.
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New rental purchased with Meth Tenants
So interesting one here.
Of the 4 units, one has readings for meth at 25 which is higher than the Gluckman report at 15.
They have been there 4 years, and 7 years at one other unit in this block which had to be renovated due to meth contamination last year.
So no evidence, but looks...
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Have TT Filing Fees Changed?
Ody's 10-month odyssey: Renter reunited with cat after timely Tenancy Tribunal intervention
1 Oct 2022
Bloody hell!!...
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Franklin district rural rental - still vacant
Hi folks, our Franklin region rental is being marketed by an Agency, and is still vacant after a substantial period of notice from the departing tenant.
We are told its a strange time in the rental market, with lots of people making appointments but not showing. The agent feels WINZ...
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The Golden mile
When you take out the bottom of the market and landlords exit , it's the bottom of society who gets affected the most.
Loss of Tax deductibility on mortgages, increased compliance costs and general anti landlord sentiment caused by media and the current government was the most likely cause...Last edited by Jeffa; 07-09-2022, 05:23 PM.
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Can a guarantor lodge a complaint at Tenancy Tribunal?
My friend is signed on as a guarantor on their adult daughters tenancy agreement. (definitely not signed on as a tenant). She pays every week to the landlord either a top up payment or the full rent (not sure) to help her daughter.
She has been there 4 months now, they never got any paperwork...
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Tax on sale after subdivision of long term rental property?
Hi everyone,
I have a tax question if anyone here can help!?
We bought a property in Auckland in 2011. It was configured as a big five bedroom villa at the front, and a small minor dwelling at the back. We have rented both independently since we bought it.
After...
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Putting Fridge in front of switch board.
I have a tenant that has a small chest freezer infront of and below the current switchboard. They want to replace the chest freezer with an upright fridge freezer. This would then cover access to the switch board. The fridge is on castors so can easily be moved. However I am unsure if this is allowed...
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Insulation Installer issues - has anyone else faced this ?
Had underfloor insulation work done recently on one of my rentals for a quoted price and with 46 sq m area noted on the quote which is what the underfloor area is anyway. Then after the installation the installer comes back and says "76 sqm of old insulation was removed and 76 sq m installed "!!!...