" Collecting rent and pretty much ignoring the market at the moment "
me too.... had a tenant move out 10days ago after 3yrs,, and one advert
brought in 7 potential new tenants.. so still can be selective
also squeezed the rent up 4% ... in chch
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" Collecting rent and pretty much ignoring the market at the moment "
me too.... had a tenant move out 10days ago after 3yrs,, and one advert
brought in 7 potential new tenants.. so still can be selective
also squeezed the rent up 4% ... in chch
Based in Auckland. I am going to raise the rents to around the median for two long term tenants. This will be a % of between 5 and 8.5%. First time in 2-3 years, and probably not as much as what the latest rentals are getting. Hopefully it won't motivate them to leave. It will still lag the increaesed costs related to rates, interest etc over that period.
It will do you know harm to talk to them before you do anything.
Usual bargaining rules apply. You know, come in at a higher price than you actually want, bleat on about additional costs etc. then come down 50% cause you love em so much. People treat each other and others property better if they dont feel they are being screwed. ;)
I know what you are thinking, and the answer is no :D
I just listed my 3 bedroom rental in Takapuna.
Was going to sell privately but it got to complicated cos I live in Sydney.
Been on the market for 10 days. No bites yet.
I wish u luck David H and anyone else out there in this weak market, but be prepared for the pssible long haul. Today is day 281 for me and during that time Barfoot's had it for some 10 weeks with open homes most weekends....viewers, or should I say 'wall kickers' could be counted on one hand!
So here is a blatant ramp for my property......
http://www.trademe.co.nz/Trade-Me-Pr....htm?key=34535
Well Ari it is obvious that it is still well overpriced
Yep, you can certainly say that in a buyers market, although the front house (same designer) sold for $760K and the 1 house site next door sold for $580K
Here you go
Been on the market a few weeks. In no hurry to sell.
http://www.harcourts.co.nz/listing/d...code&id=411756
no offense, but for 710k (in northshore) you can buy a house in ellerslie close to city without needing to cross the bridge to get in and out of the city.