Property Management

Totting up the costs of rental property - Mary Holm

Q. I'm writing in response to your rebuttal to my short, sharp piece that was published in the Herald late last year, in which I said, quite plain and simple, never sell a rental property, never sell.

Monday, January 26th 2004

I would like to give some substance to my view concerning your telling this lady to sell her investment property.

First, why did you not tell her that she should get a good property manager and keep the investment? Therefore she could continue to receive her passive income stream and be financially secure for the rest of her life. In fact, you could have told her to buy more property once the boom settles later this year.

The reason I said never sell a rental property was that anyone who is wealthy parks their money in real estate and keeps it there for the long-term.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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