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last year (tax year) was 7%
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.
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.
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.
Originally Posted by Viking
My rents haven't gone up, I may lift them slightly in 2018.
From hundred's of clients over the last 12 plus years, I would agree with the above for older rentals.
Originally Posted by Bobsyouruncle
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.
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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
Many of rentals have not changed for 12 to 15 years ...some in auckland
Originally Posted by Aston
I have one rental in Auckland paying less today than 10 years ago
Originally Posted by Beano
Let me guess, you are the PM and you are afraid to move the rents!
What does the heat pump service do?
Originally Posted by FJW
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.
I'd wonder why too?
Originally Posted by Beano
10-15 yrs and no rent change. You must be running the properties into the ground.
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