Mortgage-free rental

Leanne asks:
(updated on Wednesday, June 17th 2020)

As part of a marital split I received a rental property which has no mortgage on it. Is it wise to rent out a property that has no mortgage?

Our Experts Answer:

There is no issue here about renting this out at all. But I would recommend having a good chat to a property accountant to see if they have any recommendations on how best you should structure this.

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The Co-operative Bank - First Home Special 2.09
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TSB Special 3.39
AIA 3.39
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ASB Bank 3.39
Heartland Bank - Online 1.95
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