Landlording

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#759916 12-Feb-2013 09:55

Actually heard great stories about landlords doing long term leases to Housing NZ.
Of course Housing NZ take care of all the work and any repairs.

SepticSceptic

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#760184 12-Feb-2013 15:27

Klipspringer: My rule of thumb, never rent to someone on WINZ ...

That's a bit harsh .. there are some vey good tenants that WINZ provides for .. I've had two sets of tenants in the past that were WINZ clients, but they were not your usual dross, these were invalid beneficiaries - one was a vietnam vet, with a slight dose "shell shock", and the other was slightly on the schizo side. WINZ vetted these tenants, paid the rent on time, and attended to any issue that the tenants caused.
Nothing was broken, smashed, or anything like that - just a couple of unfortunates that society didn't have a place for. They were excellent tenants.
A friend of mine, she cannot work as she has severe epilepsy, and WINZ does pay for her accomodation, and she keeps her place and gardens immaculate - not a thing out of place - could be a bit of OCD in there as well ..
But these are genuine people in need, usually on an invalids bennie. And no associated bratlings ...

SS

crackrdbycracku

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#760208 12-Feb-2013 15:37

@SepticSceptic

I agree with both you sentiments:

SepticSceptic:
there are some vey good tenants that WINZ provides for

And

SepticSceptic:
they were not your usual dross

The problem of course is, as a landlord, you don't know which segment they are in until it is too late to do something about it. I'm guessing WINZ isn't interested in taking on liability?

I'm a renter too.

Didn't anybody tell you I was a hacker?

Linuxluver

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#760302 12-Feb-2013 17:40

surfisup1000: Treat it as a learning experience.

As soon as a tenant is 2 weeks behind in rent, start eviction proceedings against them.

Don't feel sorry for them as you can't tell if they are telling the truth or spinning a story.

I had the worst tenant in my place, pretended they had cancer and other stuff.

Learn the rules, or find a good property manager.ie, one that does inspections and has checklists for commencement and termination etc.

Good advice.

Thanks.

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Linuxluver

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#760305 12-Feb-2013 17:44

Wheelbarrow01:

.....

The big lesson? Always credit check every tenant, and check references thoroughly. 4 weeks bond, no exceptions, preferably in cash and not through WINZ. I figure if they can't save to pay the bond themselves then they will most likely be trouble. That may sound harsh but this is only one of many tenants from hell that I have had, and the common denominator in all of them was that WINZ paid their bonds. If they have no investment of their own in the tenancy then they have nothing to lose and no reason to keep the place tidy. They just bleed you dry then move on to the next sucker landlord. They are like the ultimate parasite.

Good tenants, however, are worth their weight in gold! I finally have good tenants for all my properties and I hope they never leave.

Great story.....so at least you got that. :-)

Thanks.

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Linuxluver

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#760308 12-Feb-2013 17:48

SepticSceptic:
Klipspringer: My rule of thumb, never rent to someone on WINZ ...

That's a bit harsh .. there are some vey good tenants that WINZ provides for .. I've had two sets of tenants in the past that were WINZ clients, but they were not your usual dross, these were invalid beneficiaries - one was a vietnam vet, with a slight dose "shell shock", and the other was slightly on the schizo side. WINZ vetted these tenants, paid the rent on time, and attended to any issue that the tenants caused.
Nothing was broken, smashed, or anything like that - just a couple of unfortunates that society didn't have a place for. They were excellent tenants.
A friend of mine, she cannot work as she has severe epilepsy, and WINZ does pay for her accomodation, and she keeps her place and gardens immaculate - not a thing out of place - could be a bit of OCD in there as well ..
But these are genuine people in need, usually on an invalids bennie. And no associated bratlings ...

SS

My tenant got help from WINZ and all was well for about 5 weeks. Then he told WINZ he had a job and they topped paying his rent a week early without telling him. So he thought they had paid. I thought they were going to pay and they hadn't told either of us they weren't going to. Since then the whole thing has been a waste of time.

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plod

272 posts

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#760313 12-Feb-2013 18:11

While a PM might be good for a landlord, me as a tenant refuse to pay them there so called letting fee. Currently looking for new place now after 12 years in current place. (No missed rent payments).

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1080p

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#761626 13-Feb-2013 11:25

plod: While a PM might be good for a landlord, me as a tenant refuse to pay them there so called letting fee. Currently looking for new place now after 12 years in current place. (No missed rent payments).

Most decent property managers don't charge a letting fee. Or they charge it to the landlord.

Kyanar

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#761716 13-Feb-2013 13:31

1080p:
plod: While a PM might be good for a landlord, me as a tenant refuse to pay them there so called letting fee. Currently looking for new place now after 12 years in current place. (No missed rent payments).

Most decent property managers don't charge a letting fee. Or they charge it to the landlord.

Where are these mythical property managers that don't add a letting fee to the move in costs? You say "most" don't, but I've never seen one.

Klipspringer

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#761719 13-Feb-2013 13:33

Kyanar:
1080p:
plod: While a PM might be good for a landlord, me as a tenant refuse to pay them there so called letting fee. Currently looking for new place now after 12 years in current place. (No missed rent payments).

Most decent property managers don't charge a letting fee. Or they charge it to the landlord.

Where are these mythical property managers that don't add a letting fee to the move in costs? You say "most" don't, but I've never seen one.

They all do it these days.
You get the odd ones out there that don’t. A letting fee is most definitely the norm for tenants to pay.

Don't forget the GST

BlueShift

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#761721 13-Feb-2013 13:36

Klipspringer:
Kyanar:
1080p:
plod: While a PM might be good for a landlord, me as a tenant refuse to pay them there so called letting fee. Currently looking for new place now after 12 years in current place. (No missed rent payments).

Most decent property managers don't charge a letting fee. Or they charge it to the landlord.

Where are these mythical property managers that don't add a letting fee to the move in costs? You say "most" don't, but I've never seen one.

They all do it these days.
You get the odd ones out there that don’t. A letting fee is most definitely the norm for tenants to pay.

Don't forget the GST

I hear its even worse up in Auckers, in popular areas the property managers will get you to fill in a full rental agreement form before you even get to view a property.

Klipspringer

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#761723 13-Feb-2013 13:39

BlueShift: [

I hear its even worse up in Auckers, in popular areas the property managers will get you to fill in a full rental agreement form before you even get to view a property.

It makes sense.

There are a lot of dodgy tenants out there. Property managers like to know who they are dealing with before waisting time. I don't actually blame them.

MurrayM

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#761724 13-Feb-2013 13:40

BlueShift: I hear its even worse up in Auckers, in popular areas the property managers will get you to fill in a full rental agreement form before you even get to view a property.

Before you view the property? I've just taken over a new rental and we spent some time looking at different places and we didn't encounter this. In fact we found it quite easy to find a new place, but then I guess we're the ideal tenants (professional couple, no kids, never missed a rent payment, etc).

crackrdbycracku

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#761731 13-Feb-2013 13:48

MurrayM: I guess we're the ideal tenants (professional couple, no kids, never missed a rent payment, etc).

That was our experience in Wellington, we have a cat and they didn't care. We had the agents/property managers ringing us to ask if we wanted places we had seen about an hour before.

Didn't anybody tell you I was a hacker?

MurrayM

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#761732 13-Feb-2013 13:49

crackrdbycracku:
MurrayM: I guess we're the ideal tenants (professional couple, no kids, never missed a rent payment, etc).

That was our experience in Wellington, we have a cat and they didn't care. We had the agents/property managers ringing us to ask if we wanted places we had seen about an hour before.

Yup, we viewed a place in the late afternoon and by that evening we had the landlord offering it to us. And yet everyone tells me the market is very tight at the moment...

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