Hi everyone, I haven't been here for years because our rental's been chugging along smoothly, but now I'm thinking about adding another and I'd appreciate help.
It's a 6 bedroom house in Christchurch on land I'd like to landbank, currently let by the room to long-term tenants who sound worth keeping. I think that means it's a boarding house...
If anyone's got any info about the financials of running a small boarding house, I'd be incredibly grateful. Especially compliance costs and info about what kind of return on capital I should aim for.
Thanks!
It's a 6 bedroom house in Christchurch on land I'd like to landbank, currently let by the room to long-term tenants who sound worth keeping. I think that means it's a boarding house...
If anyone's got any info about the financials of running a small boarding house, I'd be incredibly grateful. Especially compliance costs and info about what kind of return on capital I should aim for.
Thanks!
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