28-Feb-2020
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27-Feb-2020
Let's call a spade a spade
In light of the growing voice against The Residential Tenancies Amendment Bill 218-1 (2020), which the Associate Housing Minister Kris Faafoi is the face of, Mr Faafoi said the following, ‘…At the same time, the reforms protect the rights of landlords to terminate a tenancy under a range of justifiable reasons, including where a tenant has engaged in anti-social or illegal be... read more
25-Feb-2020
Debbie Roberts: What I would do if I had $20K to kickstart my investment journey
Well, I’ll start by saying what I would NOT do. I would NOT start looking for an investment property yet. $20,000 deposit will buy you a rental property up to the value of about $66,000 if it is an existing property (30% deposit requirement), and $100,000 if it is a new build (20% deposit required). Let’s face it, your choices will be extremely limited in those price points. A quick s... read more
24-Feb-2020
How to deal with inherited tenants?
This week's question comes from Joe: I am about to settle on a property with an existing tenancy. Should I let the tenants stay? Barfoot & Thompson Property Manager Max Cameron shares his view: 'Its a bit of a complicated question, as it depends largely on the type of the property and what the current tenants are like. Chat with the current owner or P... read more
20-Feb-2020
Kevin Smith: To develop, or not to develop, that is the question
At Keith Hay Homes we get asked this question on a daily basis. In truth, it’s one of the reasons we love this job so much. Don't get me wrong, property is a pretty rewarding game but seeing and being part of taking a property to its full potential is something else. As a member of APIA, you will have had access to great material for how to manage your properties, but may not have tho... read more
20-Feb-2020
Ryan Smuts: What I would do with $20K
What’s the best return for your $20k? If you have an existing property portfolio I suggest some simple cosmetic work to increase the value of your properties. $20K doesn’t seem like much but it can go a long way if you are prepared to chip in some elbow-grease. Added bonus? If you go about it cleverly, you could achieve a good return in a multitude of ways: ... read more
19-Feb-2020
Stephen Dallow: How to choose your next property manager
When it comes to looking after yourself, you should always choose a great doctor who is up to date with the latest medical treatments, a fantastic dentist who can make sure your smile looks amazing for as long as possible and often at the top of a list is a hairdresser that you totally trust. Then it is making sure you have the right insurance cover to protect you and your family. So ... read more
18-Feb-2020
Where does National stand on things?
This week's question comes from Barry re the Residential Tenancies Amendment Bill (paraphrased): What is the National Party’s position on landlords' ability to terminate with no stated reason? What is the timing for the commencement of the new law? The National Party so far has been silent on the Bill's proposal to abolish landlords' right to terminate ten... read more
17-Feb-2020
Toby Yorke: How I would renovate with a $20K budget
In this day and age, a $20,000 renovation budget won't get you terribly far. So where should you put your hard-earned dollar? The Goal I’m a big believer in the “goal drives the strategy” approach. What’s your goal? Is it to increase cash flow, increase equity, sell or is it simply maintenance? Once you are clear about your desired outcome, then chat with the respecti... read more
13-Feb-2020
Steve Hegh: I have $20K to spend on Healthy Homes, how do I get the most bang out of my buck?
The Healthy Home Standards became law last year, and the first deadline is coming up on 1 July – where you must include a statement of your current level of compliance in any new, varied or renewed tenancy agreement. Then, by 1 July 2021, you must be compliant within 90 days for any new tenancies. So, if you have a budget of $20k to spend on making your property a healthy home, how shou... read moreRecent Posts
- Maximum occupancy - don’t sit on your rights
- Landlords would do well not to underestimate the RTA
- Bond - it is the tenant’s money
- Personal properties vs chattels
- Ending a fixed-term tenancy to sell
- Landlord held not liable for co-tenants' pets
- How much to increase rent by in response to RTAA 2020
- What's my HHS compliance date?
- Hard for you but su*ks for me
- Cause and consequence are two different things
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