How much do you spend on a house maintenance each year?

[Beano]

Does any landlord with a social conscience really care about that? As Viking says, it's the only good thing that seems to happen to him.

My rents haven't gone up, I may lift them slightly in 2018.

Many of rentals have not changed for 12 to 15 years ...some in auckland
I have one rental in Auckland paying less today than 10 years ago

[flyernzl]

Why?

(AMAC)

[Viking]

Many of rentals have not changed for 12 to 15 years ...some in auckland
I have one rental in Auckland paying less today than 10 years ago

How come?
Let me guess, you are the PM and you are afraid to move the rents!

[Wayne]

b) Heat pump service

What does the heat pump service do?
I have seen quotes for $70 to clean filters (tenants job), sanitise filters (sounds fancy but suspect just words), clean fins, check the electrics (yip, there's power) etc.
Sounds like a rort to me.

[Wayne]

Many of rentals have not changed for 12 to 15 years ...some in auckland
I have one rental in Auckland paying less today than 10 years ago

I'd wonder why too?
10-15 yrs and no rent change. You must be running the properties into the ground.

[Beano]

How come?
Let me guess, you are the PM and you are afraid to move the rents!

1 ; Rentals in certain areas have not moved (based on a registered valuers report)
2; rentals on others are set at 6 to 12 years intervals. .again the rentals set by registered valuers

I love to say all areas have moved.

[Beano]

I'd wonder why too?
10-15 yrs and no rent change. You must be running the properties into the ground.

I don't think tenants would run a property to the ground just because the rent had not changed.
I not concerned all my properties (occupied ones that is ) are profitable.
Net yields range from 6.4pc to 20pc + on original cost

[Wayne]

I don't think tenants would run a property to the ground just because the rent had not changed.

My thought was that you were running the properties into the ground and therefore couldn't demand a better rent.
Still don't understand why the rent would stay the same for 10-15 years.

[Bobsyouruncle]

It's commercial not residential

[Beano]

My thought was that you were running the properties into the ground and therefore couldn't demand a better rent.
Still don't understand why the rent would stay the same for 10-15 years.

The lease agreements are set 6 to 12 year intervals (commercial and residential)
But the outgoings are paid by the tenant