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Stefan Nikolic: Why Auckland investors should not write off short-term rentals just yet (despite the lockdown)

It comes as no surprise that the short-term rental market is heavily affected during lockdowns, and some investors will be put off by the idea of staying in the market, but that doesn’t mean you should give up on the idea altogether. In fact, lockdowns present a massive opportunity for those investors that are looking to adopt a counter-cyclical investment strategy and take a more long-term a...
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{{name}} - APIA Auckland Property Investors

Stefan Nikolic: The Auckland short term rental market - Post-COVID recovery so far

As you can imagine, the short term rental market was hit hard by COVID last year when the first lockdown was announced. Zodiak was no exception . Losing half of our clients in a single month was not a pretty sight, and the short-term rental industry was in free-fall for the next few months. Luckily though, we survived! Now the Airbnb market is improving month on month, and this looks t...
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{{name}} - APIA Auckland Property Investors

Osaki protection not afforded to Airbnb tenants

Concerning Tobin, Jackie vs CHEN, JIANQING [2019] NZTT Auckland 4172141 The issue Whether tenants are afforded the Osaki protection for damages caused by Airbnb sub-tenants? The facts - Mr Chen rented two apartments from Ms Tobin for a period of time until 21 October 2018. - Mr Chen had never occupied either property and instead, on-leased both as Airbnb rentals with the knowledge and ...
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{{name}} - APIA Auckland Property Investors

Suzanne Colson: Short-term tenants and insurance

If you plan on renting out a room or your house to short-term tenants, there are some things you need to consider. One of the most important is how it will affect your insurance cover. Non-Disclosure Failing to tell your insurance company about the change in occupancy could result in non-disclosure; which in turn could result in non-payment of a claim. Make sure you let your insurer k...
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{{name}} - APIA Auckland Property Investors

Landlord Q&A - Extra Airbnb income for landlords?

If a landlord’s consent is being sought for the tenant to sublet the property to Airbnb guests and in return for the consent the tenant offers a percentage of the Airbnb earnings, could the landlord legally accept that offer under the RTA? Interestingly, the Tenancy Tribunal has recently ruled that Airbnb is subletting and so the tenant requires the owner’s written cons...
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{{name}} - APIA Auckland Property Investors

Hosting Airbnb at rentals deem a breach of RTA

Airbnb is one of those Eureka! ideas that make you kick yourself for not having thought of it first. It makes complete sense, why have a spare room sitting around doing nothing when you can make a good side income out of it? After all, we live in a sharing economy that is increasingly divorced from traditional economic models and embraces social entrepreneurship. And in that spirit...
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