Long ago, when I first became a landlord, there was no Facebook, no chat groups, and communication between landlords was minimal. Learning to run a
residential rental was similar to learning to ride a bicycle – trial and error at the cost of scraped knees and bruised knuckles. I fell down,
got fleeced, swindled, and defrauded. But somehow I survived.
However, life is ... read more
Well, that’s 2018 all wrapped up and stowed away. If I said it was all pretty much dull and boring, you’d know I was lying.
Throughout the year property people seemed to have retained their reputation as being down there among used car salesmen, politicians and other assorted
undesirable low-lifers among both the general public and the body politic. For some reason it is pe... read more
The genesis of the New Zealand Labour Party lies in the gritty, grimy and muscular blue-collar labourers who worked long grueling hours in the mines, the
factories and on the wharves. Armed with quite genuine grievances and fired with visions of a just and fair society they achieved political power by
the 1930s and then propelled a number of their own colleagues into Parliament... read more
I have delayed writing about the removal of the negative gearing, so I could spend more time thinking about what it will mean for property investors.
The Government’s issues paper addressing
negative gearing came out earlier this year and asked for submissions. Both the NZPIF and APIA made submissions on behalf of members.
The proposal outlined in the issues paper is that nega... read more
There is the widespread belief that residential landlords make large profits with minimal effort and negligible risk.
This is quite untrue.
My gross income from investments is probably about the same I would get if I was once again employed in the corporate world. I typically work more than
a forty hour week but, unlike corporate employment, I get no paid holidays or other benefits. There... read more