As a landlord, one of the most challenging aspects of managing rental properties is delivering rent increases to tenants. Generally rent increases are usually between $10 and $20 per week. However, with the increase in interest rates and the changes to the interest deductibility law, we are seeing rent increases of between $50 and $70 …
Mastering the Art of Delivering Large Rent Increases Read More »
Any income received from a residential rental property is liable for income tax and must be declared in your personal income tax return (IR3). The financial year generally starts 1st of April and ends 31st March. There are some expenses which are deductible and some non-deductible The expenses you can deduct from your rental property …
What’s a proactive landlord? Whether you are new to landlording or have been in the game for a while, understanding your obligations and responsibilities to ensure you are a proactive landlord will make owning an investment property a lot easier. Actively managing your property from the get go will not only help you find and …
Recently we were asked by an owner to assist in finding them a tenant for their property. They were a first time landlord having recently moved from their owner occupied home and decided to keep it as an investment property. We received an application from a potential tenant but after speaking to him and doing …
When you’ve dodged a bullet don’t reload the gun Read More »
Managing your own rental property is the way that many landlords insist on working. But is it the best way for you? Here we look at a few of the pro’s and con’s of self management as a landlord. So, what’s good about managing your own property? Costs are kept low. After all, you’re paying no management …
Managing your own rental property – pro’s and con’s Read More »
Yesterday I nearly had a heart attack!! Not an actual one. But, when I heard one of our owners say that they don’t want credit checks completed because they don’t want the added cost my heart raced and I nearly had a panic attack. You see credit and reference checks are THE most critical key …
Why screening tenants and credit checks are important Read More »
This question has come up quite a bit lately with a number of investors considering selling up. But you have to think about the implications if you want to sell your rental property Since the new tenancy laws came into effect in February 2021 tenants can only be given notice for a very narrow number …
Want to sell your rental property but not sure what happens if it doesn’t sell? Read More »
Can my tenant put up a TV bracket on the wall? 9 March 2022 Written by Marina George, director Renthub These sorts of questions are being asked a lot of late and although most owners are okay with tenants requests to make minor changes to the property there are still owners who are resistant to …
Can tenants make minor changes to a rental property? Read More »
So, you’re looking to purchase an investment property and are busy scrolling through websites and doing the numbers to see which property would make a good investment. However, once you have the keys, any hidden issues become your problem. So the time to check the property is before you buy it. Noticing any issues when …
5 Simple Ways to Find Problems in a property Before You Buy Read More »
Whether you are new to landlording or a seasoned investor, these tips may help to make your landlording journey a smoother one. 1 – Tenant checking – phone a prospective tenant’s previous landlord When doing your due diligence on a prospective tenant one of the important things to do is to phone the tenants landlord. …
