Landlords should be focusing on higher yields
Over the next few years, capital gains will be harder to come by for property investors, which means the “nuts and bolts” of being a landlord are likely to become more important. These include a focus on cost control, rents increases, and, most importantly, buying properties with the highest yields - for the lowest risk. (Source: Landlords.co.nz)
Tenant loses appeal against eviction, must pay $106k in owed rent
The founder of a community house in Auckland has lost her High Court appeal against eviction and now must pay $106k in owed rent to her landlord. Rosy Armitage, owner of Hum Hospitality, has been battling her landlord Stylo Medical Services for over a decade in prolonged legal battle. (Source: Stuff.co.nz)
Landlord to pay $6K after failing to remedy 'significant health concern'
Two renters have been awarded thousands of dollars in compensation after they endured months of sewage leaks, bad odours, and a "negligent" landlord who ignored their ongoing pleas to address the issues. (Source: NZHerald.co.nz)
"No kids or pets sorry" - Trade Me pulls up landlord for discriminatory ad
Trade Me Head of Trust and Safety Lisa Kerr said after being notified of the ad, staff made contact with the poster and the listing was amended. Trade Me Head of Trust and Safety Lisa Kerr said after being notified of the ad, staff made contact with the poster and the listing was amended. (Source: Stuff.co.nz)
14 Day Notice Lodgements
When you issue a 14 Day Notice to a tenant in breach of their tenancy agreement, lodge it on the illion Tenancy website under the Lodge > Tenant 14 Day Notice. You can select the 'Address Alert' option to notify you if your tenant is looking to move on without giving you notice - this is a great early warning system. If they are subsequently tenant checked by another property manager, illion Tenancy will warn you by email that they are looking to move. The 'Address Alert' also sends you the prospective address if you are needing to contact them. eg. serve them a notice of a Tenancy Tribunal hearing for rent arrears. When you lodge a 14 Day Notice your illion Tenancy account receives a monetary credit.