• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter MobilizeMail follow PropertyTalk on LinkedIn follow PropertyTalk on RSS

Latest Threads/Videos


News and Views

Most Active - Last 30 Days


Page 2 of 3 FirstFirst 1 2 3 LastLast
Results 11 to 20 of 25
  1. #11
    Join Date
    Jun 2004
    Posts
    9,207

    Default

    last year (tax year) was 7%

  2. #12
    Join Date
    Sep 2008
    Location
    Tauranga
    Posts
    1,380

    Default

    Just replaced a hot water cylinder with a wet back. cost $2k and a fireplace (different house) $4k. some roof paints to door and am wondering what that will cost.
    Having the houses Chemwashed is costing more than it did a year back.

    Plumbers are acting like highway men all over again and sparkies not far behind. Odd job men not wanting that work now as better work around. It will get worse this year.

    Only good thing is that rents are still on the up and Rodney Dickens reckons that there is a 10% upside in values through most of the provinces this year.
    http://www.nzherald.co.nz/business/n...ectid=11777995

    Personally i wonder how some of my tenants can afford it but they still seem to. Must be wwf the keeps them afloat. They still have the latest phones and cars and party away.

  3. #13
    Join Date
    Jul 2005
    Location
    NZ
    Posts
    883

    Default

    Quote Originally Posted by Viking View Post

    Only good thing is that rents are still on the up

    Personally i wonder how some of my tenants can afford it but they still seem to.
    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.

  4. #14
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,167

    Default

    Quote Originally Posted by Bobsyouruncle View Post
    .
    14 years on we know we average closer to 4K a year than $1000. This is to allow for things like roofs, leaks, required upgrades etc. .
    From hundred's of clients over the last 12 plus years, I would agree with the above for older rentals.

    For a new house, you can spend very low for the first 10 years, like $1,000 or less. But after 10 years you slowly need to do things.

    Brick can also mean less painting costs, so could reduce this a bit.

    Ross
    Coombe Smith Property Accountants www.cswaikato.co.nz
    Get the best property tax advice from a chartered accounting firm
    that has specialised in property for 12 years

  5. #15
    Join Date
    Mar 2010
    Location
    Lower Hutt
    Posts
    273

    Default

    Hi Sleepy Slug

    Good post, depends on the age, calibre of the property etc.

    The following routine maintenance programs I advocate for though

    a) External house / gutter / roof wash

    b) Heat pump service

    c) HRV / DVS Service

    d) Any trees / bushes that overhang roofs to be pruned back

    You should also do certain improvements that will reduce maintenance costs and use hard wearing / durable materials as well
    Fraser Wilkinson
    www.managemyrental.co.nz
    Wellington / Lower Hutt / Upper Hutt / Porirua

  6. #16
    Join Date
    Mar 2015
    Location
    Brisbane Wellington Auckland
    Posts
    363

    Default

    Quote Originally Posted by Aston View Post
    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

  7. #17
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    2,494

    Default

    Why?

    (AMAC)

  8. #18
    Join Date
    Sep 2008
    Location
    Tauranga
    Posts
    1,380

    Default

    Quote Originally Posted by Beano View Post
    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!

  9. #19
    Join Date
    Jun 2004
    Posts
    9,207

    Default

    Quote Originally Posted by FJW View Post
    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.

  10. #20
    Join Date
    Jun 2004
    Posts
    9,207

    Default

    Quote Originally Posted by Beano View Post
    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.


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •