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.

To ask a question, you will need to be a registered member (it's free).

Search the Ask an Expert archive

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:

Letting fee problem

A few days after looking at a rental property, the agent said "please pay now so we can secure the property and take it off advertising". We paid the letting fee to the agent. The agent sent us the agreement via email five days later. We didn't feel comfortable about the property and some parts of the agreement and decided against it. We did not sign the agreement.

At no stage was it ever explained to us prior to paying the letting fee that it was non refundable. I then got two emails, one from the agent and one from the rental business owner saying I would be liable for all rent until they find a tenant suitable to them. At no point was I made aware by anyone of any of these rules and clauses! This cannot be right or fair. What can I do?

Read on...

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:

Friendly loan help

We are about to take out our first mortgage to build a new house. Upon build completion we should make $150,000 equity, which we want to use for a do-up buy/sell. We plan to use revolving credit for that. As we might be limited in our repayment capacity for two mortgages we want to know if it technically possible to team up with our friend who will "buy" the property - but we'll use our revolving credit to pay the mortgage repayments?

Read on...

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:

Plumbing cost liability?

Should an owner be informed of a leaking ceiling by the body corporate before the body corporate engages a plumber? The property is under rental guarantee with a management company? Does the owner and the owner of the upstairs apartment share the cost of the repair? Also, can I refuse to pay if work is done without my consent?

Read on...

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:

Taxing land question

I have one hectare of land for sale in Raetihi. The power is connected and the water and telephone cables are laid. It was bought while I was living in NZ.

However, I am now living in Australia. If I sell this property does my change in domicile mean the regulations set down for an overseas investor now apply to me? If so, can you advise what this would mean - and especially whether a financial penalty responsibility applies?

Read on...

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:

Subletting without permission

My tenants are subletting my residential house to two commercial companies with out my permission. This has gone on for three years without my permission. Can I send those companies a rent bill?

Read on...

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:

Pukekohe vs Hamilton

I have recently moved to Pukekohe and we plan to stay here for at least the next three years, maybe permanently.

I have two rental properties in Hamilton and currently have about 20% equity in them.

Ideally, I would like to keep them and wait for house prices to rise in Hamilton - but it would also be nice to own a house to live in here.

I am unsure whether to sell a house in Hamilton and buy in Pukekohe (where we are currently renting at $620 p/w) or hold on to the houses in Hamilton, continue renting in Pukekohe, and save up to buy in Pukekohe in two years time.

The market here is pretty strong and I don't want to miss out on an opportunity to take advantage of that.

Read on...

More Questions & Answers about Property Advice »

Last answered question:

Work delays' loss of rent

Th​e apartment block we own an apartment in is waiting to start a refurbishment due to being leaky. Our tenant moved out after the first notice for the work start date was given last year, but there has been delay after delay since. We haven't been able to rent the property because of this. The apartment has a body corporate who is liaising with the contractors.

Who is responsible for our loss of rent due to the delays and can we claim any loss of rent? There is no personal insurance on the apartment. Can we invoice the body corporate for our loss - as we are governed by them and have complied with the requirement to have the building empty since the original start date?

Read on...

More Questions & Answers about Insurance »

Site by PHP Developer