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  1. #51
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,060

    Default

    I have just powered up the calculator.
    Most of my rents are at or near market levels.
    I am earning a return of 1.67% on my rental properties.
    Is that a great return for my time, risk, efforts, and investment?
    One thing is for sure, I am not 'greedy'!

  2. #52
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,816

    Default

    Quote Originally Posted by flyernzl View Post
    I am earning a return of 1.67% on my rental properties.
    Something to put into your next blog posting.

  3. #53
    Join Date
    Mar 2015
    Location
    Brisbane Wellington Auckland
    Posts
    831

    Default

    Quote Originally Posted by flyernzl View Post
    I have just powered up the calculator.
    Most of my rents are at or near market levels.
    I am earning a return of 1.67% on my rental properties.
    Is that a great return for my time, risk, efforts, and investment?
    One thing is for sure, I am not 'greedy'!
    1.67 % per month is ok :-)

  4. #54

    Default

    Quote Originally Posted by flyernzl View Post
    I have just powered up the calculator.
    Most of my rents are at or near market levels.
    I am earning a return of 1.67% on my rental properties.
    Is that a great return for my time, risk, efforts, and investment?
    One thing is for sure, I am not 'greedy'!
    1.67% - better than bank interest. You're one of the lucky ones

  5. #55
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,359

    Default

    Quote Originally Posted by flyernzl View Post
    I have just powered up the calculator.
    Most of my rents are at or near market levels.
    I am earning a return of 1.67% on my rental properties.
    Is that a great return for my time, risk, efforts, and investment?
    One thing is for sure, I am not 'greedy'!
    Surely either your rents are low or your property values are really high.

    I have properties in South Auckland. My gross return is 4.88%. Approx 3.8% net. Still low.

    Maybe I'm using the wrong property values...
    Squadly dinky do!

  6. #56
    Join Date
    Mar 2007
    Location
    Auckland
    Posts
    3,060

    Default

    The problem is that the rate of increase in the values of the property has not been matched by similar increases in market rents.

    Eg One 3brm property cost $125K, many years later now worth $1.1mil. Starter rent was $220p/wk, rent now $540p/wk.
    To reflect a similar percentage increase the rent theoretically should now be $1936p/wk

    (And dont blab on about capital gain, my supermarket wont accept a bit of capital gain from me when I buy the groceries).

  7. #57
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,016

    Default ROI+ vs ROV+

    Quote Originally Posted by Davo36 View Post
    Maybe I'm using the wrong property values...
    Or the wrong calculator.

    But what would the figure look like if one added together the purchase price, servicing costs, rates, R&M, insurance, personal effort expense and so on, ignoring the piece-of-paper-says revised figure?
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  8. #58
    Join Date
    Apr 2018
    Posts
    156

    Default

    Quote Originally Posted by flyernzl View Post
    Sounds fine, until the bills for rates, insurance and maintenance turn up. At that point many realise that there is more to the cost of home ownership than just the mortgage.
    Wasnt aimed at your Flyer, you sound like a fair landlord. And you are making a MASSIVE ROI, but if its under others rentals in nearby streets, perhaps you could catch up slowly with yearly raises and stop short of others to keep these good tenants it sounds like you have. They will know they are onto far too good a thing and will pay closer to the local rent prices.

    The reality is, unless you bought your property 20+ year ago, the market is screwed for the next 20 years. Unless somebody does something about either property prices or incomes. Given our politicians live election to election I see none doing anything about it.

    Being a landlord was good when we had a steady 8% PA, and great in the last 20 years, but its done for if you want to get into it now. There is nothing left.

    We have a whole generation who grew up thinking property prices only go up, and at ridiculous rates along with rents.

    All I was saying is somebody who looks after your rental like its their own for 5 years is worth the savings in property wear and tear alone.

    IMO reviewing rentals every 6 months like its monopoly is ridiculous and I suspect the person has borrowed a lot of money and wants to raise rents to get out of debt instead of paying it of themselves along with renter (over mortgaged). Its not worth the continuous loss in occupancy because you pissed the tenant off every year and higher RE agent fees.

    Treat tenants like customers, treat them well (just marginally better for their long repeat business)and they will treat you well and look after your asset.

    Plus its a wank move to be a prick landlord, Im sure we have all experienced one in our own lives. There is always room to make some money and be a normal compassionate human being.
    Last edited by OnTheMove; 15-11-2019 at 07:27 PM.

  9. #59
    Join Date
    Nov 2006
    Location
    Cyberspace
    Posts
    5,816

    Default

    Quote Originally Posted by OnTheMove View Post
    There is always room to make some money and be a normal compassionate human being.
    12 year historical conviction for pedophilia. What do I do with that applicant?

  10. #60
    Join Date
    Apr 2004
    Location
    Auckland
    Posts
    1,923

    Default

    What % of rent goes to cover the taxes?
    Is it 56% like the cost of building?
    The three most harmful addictions are heroin, carbohydrates and a monthly salary - Fred Wilson.


 

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