Warm, healthy homes are in demand in New Zealand and the topic has taken extra prominence since Prime Minister Jacinda Ardern and the Labour-led coalition government took their seat at the top table last month. David Kneebone, Lodge City Rentals General Manager, explains what landlords need to know about insulating their rental properties.
Tighter lending and a flattening housing market means that it’s not as easy to grow a property investment portfolio as it was a few years ago. But that doesn’t mean you should throw in the towel. Owning rental properties is still a great way to build wealth. These days, we just need to be smarter about how we grow our property portfolios.
Capital gains and rental yield—they’re the two best tools for determining whether a property is a worthwhile investment. If you’ve already got one or two investment properties, you’re probably already familiar with these number-crunching accessories. But the question often debated is, which is better for building a property portfolio?
A large part of turning your rental property into a profitable investments comes down to how much you charge for rent. At the surface it’s a simple equation, more rent means less (or no) mortgage to cover, which means more in your bank account, but in reality, it’s a little more complex.
There’s no skirting around it. Self-managing a rental property is stressful, especially if you’re trying to fit it around another job. In the UK, a study found that 25 per cent of landlords found self-managing more stressful than they first anticipated. While a little stress isn’t a bad thing, too much can have an impact on your health, your relationships and your investment.