Free advice for Landlords - ask our property experts a question

Do you have a property investment question you want answered? The Ask an Expert section is a free service provided for property investors in conjunction with a panel of selected property experts.

Please note that questions should be of a general nature about property investing and your question and the subsequent answer may be published in the NZ Property Investor magazine. There is a limit of ONE question per submission. We will use our discretion whether questions are published and we reserve the right to paraphrase your comments for our experts.

Before you send in a question, please read the Ask an Expert archive thoroughly. There is a chance that your question may have been previously answered and it will be listed there.

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Quinovic's outstanding people and systems provide the most professional, effective and reliable residential property management service in the NZ market for over 22 years.

Last answered question:

Mr nice guy

My tenant is behind in rent because of his partner's health issues and the related costs due to her not being a New Zealand citizen. He appeared to be a nice young man trying to get ahead so twice we agreed on a payment plan and I gave him rent relief. However he reneged on this so I then obtained an order from the Tenancy Tribunal where he agreed to a payment plan. Unfortunately he has only paid the first two weeks of this plan and I have had to enforced the order and a bailiff has undertaken the first step of providing the courts order to evacuate the tenancy. The tenant has now asked for four weeks further if he pays for the four weeks while he finds further work. He says if I don't do this he will use this money for the bond and first week's rent on another place and I "will only get $10 a week" from him. What rights do I have here? Please give me some advice on what actions I can take to recover the rent arrears? Many thanks.

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More Questions & Answers about Property Management »

Kris is a respected commentator on the property and finance markets in New Zealand and overseas. He spends his time working closely with his support team sourcing clients leading edge finance strategies.

Last answered question:

Looking at Raglan

I'm looking at my first property investment but am very cautious. I have a mortgage-free house but no cash. I’m 55 with one income of around $70,000. I’m considering a bach in Raglan as both a long-term investment and also for my own use (although it would need to be rented or partially rented).

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More Questions & Answers about Finance & Strategy »

Krister is ranked in the top 1% of all real estate agents nationwide and specialises in the high yielding Auckland apartment market. He is happy to share insights and information on any aspect from an extensive knowledge base built up over a decade.

Last answered question:

Commission in private sale?

I initially marketed my property without an agent and had all prospective buyers to sign a register.  I’ve since been approached by an agent with a purchase offer, but the prospective buyer is one of the people I showed the property to first.  Is the agent entitled to
full commission under these circumstances?


 

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More Questions & Answers about Apartments »

Mark Withers and his team at Withers Tsang & Co specialise in advising on property related transactions, valuation and restructure services and tax planning.

Last answered question:

Tax deductibility from US

I currently live in the US and rent out a property in Wellington. The property does not make any money and I have to top up the mortgage every month. Recently the house has needed some expensive work done (new water heater, painting etc). I understand I cannot claim the expenses back as there is no income to claim it against, but can I claim back the GST? If so how would I go about this, should I set the property up in a trust?

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More Questions & Answers about Tax/GST/LTC »

The Ministry of Business, Innovation & Employment provides information and guidance on building law and compliance, services including weathertight homes, and advice for tenants and landlords.

Last answered question:

Bond on fixed-term breach?

If a tenant terminates a tenancy before the fixed term is finished, then who gets the balance of the bond? For example, the bond was lodged for $2,000 with total property costs of $250 to be deducted. Who gets the remaining $1750?

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More Questions & Answers about Tenancy »

Ron loves to share his passion for property and his coaching course provides one-on-one mentoring and support that will empower you with tools, strategies and valuable insights so you can achieve investment success and become a property master.

Last answered question:

Buyer beware on mortgagee sale

I am looking to buy a property on mortgagee auction. I've been told by the real estate agent that there is a risk of chattels being removed. Do you know if there has ever been a case of items like windows being removed? Is it legal for the former owner to do so? I'd also appreciate any advice with regards to buying properties under mortgagee auctions.

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More Questions & Answers about Property Advice »

Last answered question:

Short-term rental damage claim

My tenant’s child has accidentally broken a large window, they have asked me to repair it through insurance. I don't have landlord insurance and my property is not listed with my insurance company as a rental because the tenants are only in there for a short period. Do I pay for the broken or window or do they? Or can I claim on my standard house insurance?

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More Questions & Answers about Insurance »

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