Pitfalls for rental property owners
Thursday 2 December 2004
Juggling a full-time job with demanding tenants and expensive rental properties are more than enough responsibilities for most landlords. Kristina Greene seeks advice on keeping everyone satisfied.
By The Landlord"My uncle died, and I had to give a koha at the tangi."
"I left my purse on the bus."
"It was my mother's 60th birthday last week and I had to buy her a nice gift."
In 20 years of being an Auckland landlord, Roger Clist has heard every imaginable excuse for rent arrears.
He has learned to take a firm, yet compassionate, stance, because what seems like the tallest story of all could be true.
Read More - Opens in a new window
Commenting is closed
Housing confidence has been dealt a hefty blow by the Covid-19 crisis with house price expectations plummeting to new lows.
Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.
Tales of strife and problems abound in the commercial property world these days, but the impact of the Covid-19 pandemic has not been as devastating for all commercial players.
Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.