ManagemypropertyProperty Management Company in Wellington, New Zealand
And here we go! LVR relaxed and the banks are unclenching. Will we see the emergence of a new and younger generation of rental property investors?
What do you think of tenants subletting part of their rental?
There could be an insurance issue with AirBnB occupation of a property, and also does that not constitute operating a business from a residential property? That could have implications with local Council by-laws and regulation.
Also, Health & Safety considerations for accommodation. The upshot of all this (as always) is that the lawyers will make even more money out of us all!!
Another interesting story about Meth testing and property...
We had our Company Xmas dinner last night and what a blast. A motor trike scenic ride and a good feed at Saddleback Cafe in Ohariu Valley.
And how did we manage to acquire a group of 18 for the event!??!
Fabulous dinner, great company, and a good night was had by all.
Good to know that there are some clear heads in the legal profession. The Adjudicator got the original decision wrong - we know that now.
But it begs the question - where was the loss to the tenant? They got a roof over their head, there was no danger to their safety, and yet they wanted ALL of their rent returned? Kinda like buying a jumper and wearing it for a year, then asking for a refund because the label was missing....
If it's in the media, it's already old news. This has been developing over the past year, and Labour's plans will only accelerate a worsening situation.