We have all probably seen the videos on youtube, "become financially free in a month", mostly stemming from the UK.
1. Firstly is it legal in NZ to manage a property, rent it out in booking.com etc and offer the landlord the going rental rate with say a 3 year garunteed rental agreement?
This is clearly outside your normal lease agreement as it breaks sub letting.
The strategy is not subletting the property technically, its managing the property and renting the rooms at your own rates and garunteeing cashflow to the landlord. Thats clearly a different contract.
2. Lastly, it clearly does work in the UK, is there any reason it couldnt in NZ?
1. Firstly is it legal in NZ to manage a property, rent it out in booking.com etc and offer the landlord the going rental rate with say a 3 year garunteed rental agreement?
This is clearly outside your normal lease agreement as it breaks sub letting.
The strategy is not subletting the property technically, its managing the property and renting the rooms at your own rates and garunteeing cashflow to the landlord. Thats clearly a different contract.
2. Lastly, it clearly does work in the UK, is there any reason it couldnt in NZ?
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