News

I Should Have Used a Property Manager!

A Wellington property owner has lost his nest egg to methamphetamine.  He handed over the keys to the Wainuiomata home he bought in the 90s, selling it for $230,000, well below its rateable value of $295,000, after discovering it was riddled with the drug.

“They’re just scumbags, they don’t deserve a roof over their heads. I worked all my life to buy property and pay the mortgage, the rates, and yet tenants can move in and do that kind of damage.”

He said it was a tough lesson to learn.

“If I was to do it again I would just accept the financial costs and get a property manager to police it properly and not try and do it myself.”

The new owner said drug use was just another risk landlords had to take on.

“You really don’t know what they’re doing to your property, any landlord really doesn’t know.”

Article taken from the NZ Herald

To learn more about protecting yourself, come along to our FREE landlord event. For more information and to register, click here.

Up to Date

Latest News

  • Ronald McDonald House Appeal 2018

    Ray White is proud to support one of the most valuable Houses in New Zealand. Ronald McDonald House provides free accommodation and support for families with children in hospital. This alleviates the financial, emotional and practical burdens that families face during a highly stressful time. Tonight over 100 families will … Read more

    Read Full Post

  • Property Manager Gives Bad Smoke Alarm Advice…

    How much are you required to do to meet smoke alarm legislation as a landlord? See more here. Come along to our free Landlord Information evening and find out what the exact requirements are. For more information and to register, click here.

    Read Full Post