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).

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Property Management
Ask Bernard Parker from Quinovic Property Management questions relating to property panagement

Quinovic's outstanding people and systems provide the most professional, effective and reliable residential property management service in the NZ market for over 30 years.

Last answered question:

Communication concerns

I have just signed up a property manager for my rental in a very desirable location at Mt Maunganui. After eight days there has been virtually no contact or feed back re potential tenants, Advertising was also very slow and communication is very slow. So I wish to exit the contract, What rights do I have with this and is there a fee that I would need to pay? They have not found me any tenants yet. Any advice would be much appreciated

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Finance & Strategy
Ask Kris Pederson, director of Kris Pederson Mortgages questions relating to Mortgages, Finance, and Strategy

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:

Boarding house claims

We have just started a small boarding house: there are four bedrooms. We are paying the power. We presume this is claimable as an expense at the end of the financial year?

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Apartments
Ask Aaron Tunstall, owner of Impression Real Estate, questions relating to apartments.

Aaron Tunstall is the owner of Impression Real Estate, specialising in sales, building and property management. Impression has been awarded property management company of the year three times.

Last answered question:

Apartment insulation requirements

We moved into an apartment.

Before we moved in we weren't able to check the garage as the tenant showed us through and he wasn't very forth coming.

We took the place and I asked the property manager if it was possible to get the place insulated, as upon flat inspection, I noticed it wasn't.

He said he'd get back to me. (I put it in writing too.)

When the key hand over happened I asked again and he said the house isn't that cold. He was wrong. On our first night there it was freezing cold.

Is there any way to ensure this gets done? Surely a landlord would want to do this as an investment on their property and to ensure long term great tenants?

 

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Tax/GST/LTC
Ask Mark Withers, director of Withers Tsang & Co questions relating to Tax and Asset Structures

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:

Aussie capital gains

I am selling a property in Australia and will have to pay capital gains. The property has always had losses. Can these losses offset the capital gain? I know if you work in Australia and are paying taxes you are not able to offset the rental loss against the capital gain.

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Tax/GST/LTC
Ask Matthew Gilligan, managing director of Gilligan Rowe + Associates, questions relating to tax, trusts and finance.

Matthew heads GRA's specialist property and asset planning division. He helps clients create optimal tax structures and build wealth through property. He has an extensive buy-to-hold property portfolio, is currently involved in over a dozen developments, and is author of two books - Property 101 and Tax Structures 101.

Last answered question:

Aussie capital gains

I am selling a property in Australia and will have to pay capital gains. The property has always had losses. Can these losses offset the capital gain? I know if you work in Australia and are paying taxes you are not able to offset the rental loss against the capital gain.

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More Questions & Answers about Tax/GST/LTC »
Tenancy
Ask Jennifer Sykes, Ministry of Business, Innovation and Employment questions relating to tenants and landlords

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:

Flood damage liability

The header tank in my rental property broke resulting in some damage to the property. During the flooding the tenant's radio and mobile were damaged along with quite a lot of food. The tenant was put up in a Holiday Park for the duration of the repairs (three nights), and also given a $120 gift card for a supermarket. But the tenant is claiming the ruined food came to much more than $120. They are also asking for their radio & mobile to be replaced. Who is responsible please for these items? The tenant has personal contents insurance.

 

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