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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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:
Wallpaper repairs
Our rental property has its original 1980’s wallpaper which is now crumbling off the walls and looks horrendous. There are big peeling patches and curling seams - the works. We’d like the landlord to fix this. Are they “necessary” repairs or cosmetic? The state of the walls has deteriorated since we’ve moved in, as I’m sure it’ll continue to do. What recourse do we have to get this fixed? What is considered “reasonable repair”?
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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:
Start-up advice
I am looking at perhaps purchasing a residential rental property. I have little knowledge on how to structure the purchase/how to run the rental. Should I speak to a lawyer or accountant first about how to purchase and so on before looking further – eg: should I buy it under a limited company or under my own name? Who do I speak with first before purchasing a property?
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More Questions & Answers about Finance & Strategy »
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:
Leasehold vs freehold
I'm interested in finding out more about apartments with a view to investing in one. What is the difference between a leasehold and a freehold apartment? And what are the pros and cons with both?
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More Questions & Answers about Apartments »
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:
Provisional tax on sold rental
I owned a rental property which has now been sold. It is not subject to tax since it was outside of the bright line test and not purchased for resale. The tax on it was around $3,600 a year so I've been paying provisional tax. It sold at the end of April so one month into the next tax year. Do I have to pay another year of provisional tax and then claim it all back again the following year or is there another procedure?
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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:
Provisional tax on sold rental
I owned a rental property which has now been sold. It is not subject to tax since it was outside of the bright line test and not purchased for resale. The tax on it was around $3,600 a year so I've been paying provisional tax. It sold at the end of April so one month into the next tax year. Do I have to pay another year of provisional tax and then claim it all back again the following year or is there another procedure?
Read on...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:
Change of tenant
When a remaining tenant refuses to sign a change of tenant form for a tenant who has moved out and wishes to assign a new tenant to her lease, what constitutes reasonable refusal when a third tenant, and the landlord are happy to sign and all police checks, etc are fine?
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Insurance
Ask Rene Swindley, CEO of Initio Insurance, questions relating to insurance.
Rene is the founder of digital insurance platform Initio, which is about insuring houses online in real time to provide a faster, smoother and customer-first approach to property insurance.
Last answered question:
Insurance for tenants
I'm trying to find contents insurance as a renter that would cover my contents as well as any carpet damage caused by myself or my cat. Any suggestions / advice?
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