December 12, 2025 • 41 mins
Not even two years ago, we were comparing our rent increases to those of places like Singapore and New York City. But today, many parts of the country are seeing rents tumble.
So what does it mean for 2026? Should tenants be making their move to secure a place? Or is it the landlords who should be locking in reliable tenants before things start to change again?
And from this month, pets are officially allowed in rentals.
A landlord can't turn down a tenant solely for bringing a pet with them - but that along with other notes on your application can make a landlord hesitant.
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Speaker 1 (00:05):
You're listening to the Weekend Collective podcast from News Talks.
Speaker 2 (00:09):
Be the Christmas music on this Christmas.
Speaker 3 (00:28):
I travel around this country across the waters. Lots of
friends is brought John.
Speaker 4 (00:36):
It's Christmas time again.
Speaker 2 (00:39):
A year is coming on.
Speaker 3 (00:49):
Ahi, Yes, welcome back to the Weekend Collective. I like
a little bit of Christmas music. That's a a bit
of Kenny and Dolly. How Can You Go Wrong? By
the way, A fun thing if you ever want to
write a Christmas song and it's not sounding Christmas enough,
just shoved some sleigh bells stage in the background and
people instantly think, oh Christmas song, one of them. That's
(01:11):
the one. That's the sound effect. You just need the
sleigh bells and away you go. I could sing, I
could sing bar bar black sheep, bar bar black sheep.
Have you Annie? Well, there you go. It's a Christmas song.
Fun fact, random fact as well. Welcome back, by the way.
If you've missed any of the hours, go and check
out our podcast. We have a great panel there with
Brad Elson and Alan Blackman. But now we're onto another
(01:33):
fantastic our. This is the one roof radio show where
we take your calls around a whole bunch of issues
to do with property, and today we're going to chat
about a couple of things. There's firstly not even two
years ago. In fact, as I was looking up a
bit of research on this, I saw an article that said,
(01:53):
in fact, it might even be a comment with my guest. Actually,
but a couple of years ago we were comparing our
rent increases because rent was just going gangbusters to places
like Singapore and New York's City and Sydney. But today
many parts of the country are seeing the rents tumble.
So what does it mean for twenty twenty six. Should
tenants be making their move to secure place or you know,
(02:16):
is it landlords? Should you be basically doing your best
to lock and reliable tenants before things start to change again.
But I think that maybe the broader question is is
everything when it comes to And of course, if you're
paying rent, chances are there's an eighty percent chance I
think you're paying it to a private landlord. So obviously
large percentage of the majority of rentals in the country
(02:37):
are through private landlords. And so if rents are tumbling again,
we've seen what's happened with interest rates and the old
days of the formula of just get a tenant and
the rental pay for everything are long gone. But is
the property market a bit out of whack? Anyway? We
want to take your calls on that. But also we're
going to have a chat as well about the rule
changes that are happening around. A landlord just can't turn
(03:00):
down a tenant solely for bringing a pet with them,
So we're going to dig into that as well. Anyway,
my guest, we want your calls on eight hundred and
eighty ten to eighty text ninety two ninety two, because
you know, we can also chat about what happens on
a yappie dog and in a unit gets on other
tenants nerves. Can you still turn people down for a
pet in certain circumstances? So lots to get to get
(03:20):
into there, but joining us to discuss it. He's managing
director at ASPA Property Management and he's with us for
the One Roof radio show and his name is Mike,
Mike Atkinson, and Mike, Hello, how are you good?
Speaker 4 (03:32):
Thank you? Thanks for having me.
Speaker 3 (03:34):
Yeah, what's going on with the rents at the moment.
Let's get some facts on the table because I've had
a bit of a ramp. But now you can tell
me I'm are wrong.
Speaker 4 (03:40):
Yeah. So two years ago you're right, the sort of
median rent price in New Zealand was trending towards six
hundred and fifty dollars and today we're looking at about
six hundred and ten for the median rental price. So
you have had regions like Auckland and Wellington have had
a small drop in the sort of asking price rent index,
which trade Me keeps track of. Yeah, that index only
(04:01):
really tracks the asking price of the available rentals. Stats
n Z has another data set that they use, like
the rent index of every rental and they're sort of
saying that it's been flat. But if you compare the.
Speaker 3 (04:15):
Right so so hard we sorry, I'll let your carry
on a second. I'm just jumping in. Does that mean
that new rentals are seeing a change, But of course
in terms of the overall rental stock it's different.
Speaker 4 (04:28):
Yeah, Because often you might have a rental property where
the tenant's been there for four years and so that landlord,
with all the things that have happened in the last
couple of years, finally decides to put up the rent,
so that increases that property's rent because they measure it
on the bonds at Tenancy Services, so you do kind
of have two different ways of looking at what the
rent is. But overall the sentiment is that they have
(04:48):
come down a fraction and then but if you relay
that back onto the the overall economy in New Zealand,
it kind of makes sense that the rental market isn't
surging because well, everything else is of it exactly, So
we're a tenant supposed to get the money from to
pay an extra fifty dollars a week just doesn't exist.
Speaker 3 (05:05):
So well, I mean, we would post the question for
the people who have a current tendency who haven't negotiated
a new rent. Do many people actually after being in
a place for a couple of years negotiat their rent down?
Because that would feel if I was in a place
as a tenant, even though I might, thank gosh, I'm
playing a lot of rent in the landlord's doing well
out of me, I would still struggle to approach them
(05:30):
and say, hey, rents are going down, I think you
should review our rent. That difficult conversations, aren't.
Speaker 4 (05:36):
They It is a difficult conversation and it doesn't happen
that often mostly if people's rent stays the same, they're
normally pretty happy with that. If a tenant was looking
at doing something like that, they could try to offer
a longer extension period or something for the landlord. But
more often than not, the rent just ends up staying
the same.
Speaker 3 (05:56):
So what we're observing then is new tenancies are getting
a lower price. It could be a bit I'm trying
to work out if the stats, as we understand them,
there are therefore more dramatic or less dramatic than the headlines.
Speaker 4 (06:11):
I think they're a little bit less dramatic. But those properties,
it's like, if you list a property at six point fifty,
are we counting it when that rents for six thirty?
Does that count as a twenty dollars drop? Or does
that discount as a property that rented for six hundred
and thirty dollars a week?
Speaker 3 (06:25):
Yeah? Do you think I mean these are all the
property market off well? I mean, it often does seem
that sometimes it's driven by headlines. Is this an unfortunate
headline that would make people more pessimistic from an investment
point of view?
Speaker 4 (06:43):
I'm not sure. I mean, there is data that we have,
for example, We've rented four hundred and twenty five properties
this year, and the media in time to get them
rented is twenty days. Two years ago that would have
been like fourteen days. So it does take longer to
get the properties rented, and to me, that indicates a
reduced demand and a little bit too much supply, and
that would line up with prices dropping as well.
Speaker 3 (07:05):
Is properties that are well priced and appealing, do they
still rent pretty quickly? I mean, I guess that's the thing.
How do you get your that's this ancillary question for investors,
how do you get your property rented quickly?
Speaker 4 (07:19):
Yeah? So forty percent of our properties have rented it
under fourteen days this year, and they're the ones that
are well presented and well priced, maintenance all being done.
You can't just expect a tenant to rent anything that's
got a roof from four walls. You need to make
an appealing place for someone to live and you will
get your property rented pretty quickly if you do that.
Speaker 3 (07:37):
That is different to what it used to be used
to get the feeling you just basically, I have a house.
It has windows and a door in three bedrooms.
Speaker 4 (07:45):
Yeah, go yes, yeah, I mean you used to be
able to get a property rented at the first viewing.
This is going back five years. We do four or
five up to ten viewings at a property. We do
them Saturdays and Sundays now as well. Didn't need to
do that, but five years ago you just sort of
put it up and someone would rent it.
Speaker 3 (08:02):
Actually, it does remind me that, so how long ago?
How long ago was it that we saw times like
this in terms of the era when it was a.
Speaker 4 (08:11):
Real slow down. Yeah, yeah, and not for at least
fifteen years.
Speaker 3 (08:15):
Because that would equate when my to be wife moved
up to she said to me, from Christich to Auckland,
she said, well, you have to find us a place
to live. And I went looking with my mum and
the letting agent said to me, oh, there's this place
in such and such street. She said, that's a bit
told old and tired. If you're getting married, your bride
(08:36):
might not like this one. And it had been sitting
there for six to eight weeks, and it was two
hundred meters from Saint Helier's Beach. It was tired and old,
I'll give you that. But I walked in there and
I looked around thinking, and my Mum actually looked at
me and just went it, take it now, and I
haggled a twenty bucks off the price and it was done.
(08:57):
And that was a time when things were sitting around.
Speaker 4 (08:59):
Yeah, that property potentially could have been a bit of
an edge case because this definitely is this lowest this
year and even the back into last year has been
the slowest that I've seen it, and I've been doing
properly manage well.
Speaker 3 (09:12):
It did have champagne pink carpet from nineteen seventy in
a bathroom that really looked like it belonged and something
that had already been demolished. So I own it now though,
and we bought it from the landlord. Anyway, excuse me,
pardon me? Would light your cause on this? And the
general question is, I mean, would you ever go shout
rent downwards? But what's your what's your view on the
(09:34):
fact that rents seemed to be coming down and is
the property market if you're an investor, does it feel
like it's a little bit out of whack because you know,
it's expensive to bar property, it's an expensive to pay
for the mortgage and everything and the outgoings and everything,
and how does the equation sit with you, given that
rents seem to have some downward pressure on them, is
that a gentle way to put it? Mike? Yes, yes,
(09:55):
I didn't want to be inflammatory. Rents are tumbling, everything's stuffed.
What do you think? Oh, eight hundred and eighty ten. Also,
we're going to dig into the pet laws as well,
and in fact we've got call already, so we're going
to get the ball rolling with Henry. Hi, Henry, Yeah,
how are you today?
Speaker 5 (10:10):
Right?
Speaker 4 (10:10):
All right?
Speaker 3 (10:11):
You're with me and Mike.
Speaker 5 (10:14):
Mike and me. How are you good?
Speaker 3 (10:16):
Where you go? You got a question or a comment?
Speaker 5 (10:18):
Oh? Yeah, yeah, yeah. Now the pet law, which I
think is fair enough. I'm the landlord right and have
been for the last ten years, and I'm open to
tenants having pets and everything else, which is you know,
because it's good for the end. It's good for a
landlord too, because you know, they want to stay a
bit longer and you want a good tenant as long
(10:40):
as possible. Now, the recent change that Chris Bishop said.
Speaker 6 (10:47):
About the the rentals being allowed to have pets, now.
Speaker 5 (10:53):
That's all good. Like I say, uh, the the any
sort of fishhook I've just recently discovered is I rang
up my insurer and I said, do you guys have
provisions for pet damage to properties because of pets? And
they said, oh no, we don't. So I can ensure
(11:16):
my rental properties against pet damage from tenants and they
said no. So I just wondered if everyone was aware
of that. Maybe it's just mine. Sure, who knows? They
haven't checked any ovens.
Speaker 3 (11:27):
That seems strange because I would have thought damage caused
by pet is basically attributed to the tenant. I would
have thought, actually stay there, Henry Mike.
Speaker 4 (11:37):
Yeah, so we've done some research on it, and there
are actually contents policies that you can get that will
cover you for your tenants damage. So there are some
landlord policies like this callers that aren't going to cover
pet damage. But then you could get a bolt onto
your existing policy or get your insurance from somewhere else.
Under the new law, if a tenant pet does damage
(12:00):
the property, the tenant is fully liable, so you don't
have to use the landlord's insurance. But obviously getting the
money out of the tenant is another story. So there
is even yeah, yeah, so there is also the option
like a landlord can reasonably refuse the permission for a
pet under criteria that hasn't been tested yet at the
(12:21):
tenancy tribunal, and one that could be worth testing is
my insurance doesn't cover pet damage, so no pets at
this property? And would that stand up at the tribunal.
Nobody actually knows yet because it hasn't been tested. But
you could try that in your first instance.
Speaker 3 (12:36):
That's problematic, right.
Speaker 5 (12:38):
I just wanted to bring that to people's attention because
I'm sure I'm not the only one who's having made
maybe concerns about things like that. Like I say, I'm
all good.
Speaker 6 (12:49):
To have let them have pets, but also want to
be ensured just in case, you know, you know, things happen,
and yeah, they could skip out and and not and
not pay for the damage caused. Could be quite extensive.
And I'm sure two weeks worth extra with a rent
that they might have to put as a deposit won't
actually cover the damage. So from from the landlord's point
(13:11):
of view, you want to be fully covered.
Speaker 5 (13:13):
Yeah, like you say, hasn't been tested. Was it really
thought about before they broaden the law? Who knows?
Speaker 4 (13:22):
Well?
Speaker 3 (13:22):
One would like to think they bring in a law
after quite a bit of thought. But good luck.
Speaker 5 (13:30):
I think I've got my finger on the pulse. But
you know, just just hearing.
Speaker 3 (13:34):
Well, if you're a landlord, you probably do have you
I mean, when you know your your your investment and
your you know your asset is something you care about.
So I imagine you do have your finger on the pulsey, Henry. Yeah, yes,
thanks for the col Actually, now let's just let's just
explain what the law is, because it basically means, as
far as I know, Mark, you can correct me that
(13:56):
the blanket no pet policies are gone, so you can
still decline pets, but you must have you must respond
on reasonably. I guess it's reasonable grounds to do.
Speaker 4 (14:07):
So, Yeah, you have to have a valid reason for
saying no. You can no longer just say no pets
because I don't want my tenants to have them. So
some examples are body corporate rules that prohibit pets, so
you can say no based on those. If your property
has inadequate fencing, say, and they want to have a dog,
you could say, well, you can't actually have a dog
at that property. It wouldn't work if the property is
(14:28):
too small, or if the dog is on the Dangerous
Dogs list. So there are some reasons, but it's just
a complete reversal from the current setup, which is landlord
doesn't want pets. That's the end of the story, and
you've got no rights as a tenant. Now you can
put a submission in in writing.
Speaker 3 (14:44):
Do you think that the result of a law like this,
I mean, I like to think of New Zealand generally
we all get on pretty well, and there are some
landlords who are far more remote, of course, But I'd
like to think that it's simply putting a process in
where somebody wants to have their well, I actually prodly,
I was just thinking about cats in terms of ripping
up the carpet. But anyway, but you do that, I've.
Speaker 4 (15:05):
Got a cat and I have to get my carpet
replaced in the bedroom, for sure.
Speaker 3 (15:08):
Would that be a grounds for saying no to a cat.
It's like, well, it's going to ruin the carpet and
my insurance doesn't cover it, so sorry.
Speaker 4 (15:15):
But yeah, so the idea that your insurance doesn't cover it,
you could try to make that one of the reasons.
And basically they haven't given us a full list of everything.
They've given suggestions and then it will be tested in
court over time.
Speaker 3 (15:29):
Which way does the tenancy tribunal tend to lean on
the stuff? Do they tend to lean in favor of
tenants or in landlords?
Speaker 4 (15:36):
Given it's in the name tenancy tribunal, it's the tenants.
Speaker 3 (15:41):
And that's not because you are on the opposite side
of the equation.
Speaker 4 (15:44):
It's like, no, I don't think that. I can still
remember my first ever trip to the tenancy tribunal and
I thought I had an open and shutcase and I
got like thrown out of the room. Basically I lost.
And it was just over things that I thought any
reasonable person would have found that ooh, so yes, it's
very much a tenants tribunal.
Speaker 3 (16:02):
I was trying to think. It's I like the to imagine,
you know, some fairly outrageous pets, Like imagine if you
could keep exited animals, Like, what sort of cat do
you have? Well, it's a it's a leopard actually, but
it's well behaved. It doesn't you know, not many people
have gone missing in the neighborhood. Anyway, we're taking your calls.
I think most of the calls. The conversation is going
(16:23):
to be about pets. But yeah, your questions and comments
around the fact that a blanket refusal to pets is
no longer okay, there has to be reasonable grounds given
by a landlord. Eight hundred eighty ten eighty. In fact,
I'll tell you what. We will take the break now.
We've got a bunch of callers lined up and we'll
get into it. But there's one spare line eight hundred
eighty ten eighty. My guest as Mike at Can Seny.
(16:44):
He's the managing director at Aspire Property Management. We'll be back
in a moment, right, Welcome back to the one roufradio show.
My guest is Mike att Canson from a Spire Property Management.
I think that most of the calls we're going to
be taking are around pets, the change in the rules
around the you can't have a blanket no pet policy.
The landlawers must respond reasonably taking your calls.
Speaker 7 (17:06):
Bruce High, Oh guys, yeah, thanks for taking the call.
I mean, in the property investor business for since about
the nineteen eighty has been involved in property investor associations,
et cetera. And one thing I have assidiously assiduously tried
to avoid the whole whole way through is renting houses
(17:27):
to people with children. You know, if you a dog,
pets a fine. If your tenants an elderly person with
a dog is probably the best tenant you can get
with a dog and a cat. They look after the dogs,
the dogs have beds. But if you have children, I've
found they're the ones that do the do the most
(17:48):
damage to your property. And I've I've sort of always
tried to avoid renting one of my houses to people
with young children because you get the veggie might line
down the wall where they drag their hand down as
they're eating needed sandwich, They mark the ball with felt pens,
they drop food on the carpet. They they do a
(18:11):
lot of damage, particularly if they're not managed. If they're
not you know, if they're you know, kids do a
lot more damage to a property than a dog than
an animal would. And if you've got someone in there
with an animal, they're stable, they're settled. And I would
much prefer to rent to someone with pets than someone
with children because the young children, I've found they do
(18:35):
the most damage to your property. Carpets, walls, yeah, breakages,
They do damage that you know an animal would not do.
I can't imagine. You know, I've had dogs in my house,
had you know, lots of dogs in my houses. But
they don't do any damage. They sleep on their beds,
(18:56):
they may drop a bit of fur which you vacuum up.
They don't tear the carpet, they don't. They don't, they
don't do their business inside, and they're much much less
hassle than children. And that's what I want to say.
Speaker 3 (19:11):
So how do you avoid that's interesting? Actually, I actually
I got a mic if you got a comment on
that mic.
Speaker 4 (19:17):
Well, firstly, you actually legally cannot discriminate on a tenant
based on whether or not they have children or not,
or their family situation.
Speaker 3 (19:26):
But so can you without anyone knowing? You just say
have you got any kids? Are lovely? And then by
the way, look unfortunately you haven't got the property this time.
Speaker 4 (19:35):
Well, yes, obviously, if someone gets three applications and one
person has a child and the landlord decides, you know
that this wouldn't happen through a spider. But if you're
as the caller is, he can just choose the one
that doesn't have children. So people can obviously exercise their preferences.
It's not lawful to do so in that manner.
Speaker 3 (19:53):
So the law shift to you, Bruce, is not really
a big deal because it's like until they create a
rule where I can discriminate against kids.
Speaker 7 (20:02):
Well you're not. You're not the discriminating. You're selecting. Well
you're there's no discrimination. You're choosing the person you want
in your house. You have that choice no one else.
You can choose whoever you like to live in your house.
You don't discriminate, because that's a naughty that's a nasty word.
(20:24):
But you select the tenant that you think is going
to be best for your property.
Speaker 3 (20:29):
Although do you acknowledge that actually what you're suggesting maybe
pragmatically what some people do, but it's actually not technically legal.
Speaker 7 (20:41):
Well, the intent is not to discriminate. The intent is
to get the best tenant for my property. So I'm
not discriminating. I'm being selective as to making a business
decision as to who is going to be the best
person for that tenant. And I find that elderly people
or middle aged people with a pet are the best
(21:05):
long terms to cure tenant.
Speaker 3 (21:07):
Have you ever had someone you've got on board as
an older person who you thought, well, there's no kids
in sight, but all of a sudden, grandchildren are staying there,
and you're like, ah, never mind.
Speaker 5 (21:18):
Not.
Speaker 7 (21:20):
Too much. The grandchildren. You know, they'll come and visit.
But that's a different that's a different thing. You know,
if you're a working family and you have two or
three kids, Mum and dad are out, they left, the
kids are there, unsuperbowl all that sort of thing. Kids
can do a lot of damage to a home that
you don't really see until they've left. And I'm talking
(21:40):
about marks on the walls, bones on the carpet, on
the curtains.
Speaker 5 (21:44):
Yeah.
Speaker 3 (21:45):
No, No, I appreciate your point, Bruce, Are that I
mean either either neither neither selecting or being discriminated discriminating
And I think we could have got caught up in
a language in a language battle there. But what's your
for the word on that? Well, there would be landlords
who would do it without saying like, I'm not going
to let did you see the children? God, they look
(22:06):
like a pain. I'm not going to get them in there.
Speaker 4 (22:08):
Absolutely, But I mean, I guess one of the positive
points there is that you can have a good relationship
with tenants that have pets. So this rule about pets
being allowed doesn't need to freak landlords out. There are
positives for tenants having pets, and that is that they
stay longer, they make it their home, and that they
get to sort of enjoy the social benefits of having
(22:29):
a pet as well.
Speaker 3 (22:31):
It does raise that interesting question as to how much
control a landlord chat should have around who went into
their place. I mean, because it's your house, it's worth
many hundreds of thousands of dollars, it's a big investment,
and there would be that plenty of landlords who think, well,
you know, I should be able to put who I
want into that house, and you sort of can, but
(22:53):
you can't. Yeah, you can, but you can't.
Speaker 4 (22:55):
Yes, And all the law changes that have been coming
through lately over the last five years more towards the
idea that if you decide to put your house up
for rent, you actually get away a lot of that control.
So you are now just saying, if you want to
participate in the rental property game, you don't get to
maintain as many of those rights. You can't just say
I only want to rent to that person and not
(23:16):
this person. If someone puts in a good application and
you decline it and you don't specify a reason, they
can take you to the tendency tribunal to find out why,
or even the human rights borders.
Speaker 3 (23:27):
Although if you have more than one applicant you don't
need to justify anything. You just go I gave it
to such and such.
Speaker 4 (23:35):
You could but that. Let's say you gave it to
a couple and it was a single person that applied.
So if you objectively look at that, that's only one
person versus two. So why did you give it to
the person with two? Is it because I you know
this person might ask for clarification on why they weren't selected.
Speaker 3 (23:50):
Oh so what if you've interviewed We're getting into the
weeds here. What if you've interviewed a bunch of tenants
and you simply go, well, why did you give it
to them? It's like, well, because we had a good
chat about things and I like them. Is that a
good enough reason?
Speaker 4 (24:03):
It can be, but it can get difficult if you
have three people that really want one property and you've
only got one property to give, so you have to
be sometimes for us, we've just done it, and this
person viewed it before you and applied before you. Because
you might have three great tenants, and how do you so.
Speaker 3 (24:19):
Just I liked that person more than I like the
other person? Has that not really?
Speaker 4 (24:24):
I mean, I think that opens yourself up to why
is it that you liked that person better than the
other person.
Speaker 3 (24:29):
Because they smiled nicely and the other one was rude?
Speaker 4 (24:33):
Happened to that? Then it's fine, but it's I think
they've got all these laws in place to try to
protect people from.
Speaker 3 (24:38):
And especially when it comes to race and other sort
of judgments, which we would all agree with those laws
being in place. Right, let's continue with the conversation. Ray, Hello,
ah hi.
Speaker 8 (24:48):
I have two examples where the pet bond were nowhere
near cover the damage that was caused. One was a
property in between inspections, the tenants got in kittens. The
kittens peed all over the floor, It went through into
the sub floor. The whole flooring in the house had
to rebooth placed because the smell couldn't be got out
(25:11):
and it was in excess of twenty five thousand dollars.
Two weeks rent not going to cover.
Speaker 4 (25:15):
It another twenty five rand.
Speaker 8 (25:19):
There's the whole floor in the whole house has to
be replaced because the pea had got through into the
tongue and groove and we could not get the smell out.
Speaker 3 (25:28):
That's a lot of pea, isn't it.
Speaker 8 (25:31):
It's a lot of pea in a whole house. You've
got two kittens running around, or three kittens running around,
and a full and a mamma cat locked inside a
house while people are at work all day.
Speaker 4 (25:44):
Oh.
Speaker 3 (25:44):
Actually that does raise question ray for Mike. If somebody
said I've got a couple of kittens, could you say, well,
you can come in, but you must provide them with
kitty litter and all that sort of stuff, as opposed
to just you know, let them go wherever they want.
I mean, can you put conditions on that?
Speaker 4 (26:00):
Well, not one hundred percent sure what conditions we can
put on there. As mentioned, you can you have the
pet bond for two weeks, but it's not going to
cover it if things go really badly. So we have
had a couple of cases where dogs have urinated all
throughout the property and it can damage the floor underneath
the carpet, as it's happened in this case. So it's
really critical that people make sure that as a landlord,
(26:22):
their insurance does cover pet damage and if it means
you have to change insurer to get it, then it
would be worth changing. So those would be the best
place to start. Is just making sure that your insurance
is up to date.
Speaker 3 (26:33):
Okay, hey, thanks for your call.
Speaker 8 (26:34):
Right.
Speaker 3 (26:35):
Oh, sorry what you're saying.
Speaker 8 (26:37):
So Pete, find us some insurance company that will do it,
because I can't find one.
Speaker 4 (26:41):
Well, there's a company called Real Landlords Insurance, but they
only work with property managers at the stage, and they
have added pet coverage. But I will happily do a
review of all the insurance companies and I will publish
it on my own.
Speaker 8 (26:55):
And then will they turn around and say it was multiple.
Speaker 4 (27:00):
Multiple instances, so multiple excesses.
Speaker 3 (27:02):
Yes, they love to do that, don't they.
Speaker 9 (27:05):
I'd want my research.
Speaker 8 (27:07):
I cannot find anyone.
Speaker 3 (27:09):
Okay, Well, Mike's going to look into it and he'll
stick it on as.
Speaker 8 (27:12):
I think you get back to us, I'd be I'll be.
Speaker 3 (27:14):
On his website. There are Ray, what's your website?
Speaker 4 (27:17):
Aspire Property dot cod door in Z.
Speaker 3 (27:19):
There you go. So there's some homework for Mike. He's
going to stick it up on his website when I
looked into it. We'll be back in just to tack
with more callers. Eight hundred and eighty ten eighty. It
is twenty three minutes to five. Yes, news talks there be.
My guest is Mike Atkinson from a Spire Property Management
actually Aspire property dot coded in Z. I think the
website is going to actually look into this in the
next day or two or three or four about and
(27:40):
what are we going to be putting what are you
going to be putting up there?
Speaker 4 (27:43):
I'm going to go through and research all the insurance
companies and what sort of pet coverage they offer for
landlords and also tenants contents cover, because if contents for
tenant covers it, then a reasonable condition, in my opinion,
would be asking for the tenant to show that they've
got contents cover excellent.
Speaker 3 (27:59):
No good, good work. Now a Spire property dot coted
in Z. We'll give him a few days to do that. Yes, yeah,
we'll give them a few days.
Speaker 10 (28:08):
Paul, Hello, how's it going. I've been a landlord for
thirty seven years. This year and last year have been
the hardest we've ever ever had. The top flat I
kept home in vacancies, you know, and there because one
(28:30):
lest they found a new tenant I may made that
as a as a you know, borders, borders place for
getting people. And I've just finally rented all my properties,
you know, my my block block of properties. And the
other thing that really saved me is having all my
(28:53):
property threehold.
Speaker 3 (28:55):
Are you talking about that? Just the struggle of getting
your properties rented given lack of demand and all that.
Speaker 10 (29:02):
And the reason is a lack of demand is because
people have all gone to Australia and they're rinking their
their their houses, houses out and that has happened when
labor God, when National, you.
Speaker 3 (29:16):
Think it will turn around, people come back and then
we'll see the demand return. What do you reckon? Everything
does well?
Speaker 10 (29:22):
But National have to find a lot lot of work
for people people because National just keeped on. I'm selling
Pole And the other thing I would love to get
sorted out is, you know is when people don't pay
the rent, you know, you can't kick them out for
(29:45):
three months and they they just you know, they they
get away from nothing. Again. I spoke to the ladies.
She said, oh no, that's the law. You know, you
you you know, that's that's the law. You keep you
can And I I lost out on heats and money.
(30:06):
But because this person was a drug.
Speaker 9 (30:11):
To the drug dealer, and.
Speaker 3 (30:12):
That it stop being a landlord. And we've brought pets
into the conversation. They have we might Hey, thanks for
your call, Paul. We got to keep moving because we're
getting closer to the end of the show. So John
did a.
Speaker 9 (30:23):
Yeah, okay, Hey, look, I really reckon that the days
of renting have gone. I think, you know, the only
good thing about renting was capital gains, and I don't
think you're gonna have capitical games for quite a while.
And how there's so many properties been a landlords to
days have gone being a landlord. Sorry, yes, yes, yeah, yeah.
Because there's so many properties being built, things are getting
(30:44):
a lot harder to rent places. I guess that'll lower
the rent possibly, but also I mean, if you're getting
it managed, you're paying eight percent plus GST. Those guys
do the best of the lot. They do better than
the landlords because by the time you pay, you know,
it's it's hell of an expensive. People don't think that.
They think rich landlords. You don't get your money from
from being a landlord, because you you know, every twelve
(31:06):
years you've got recarping repainting and all these price has
gone up phenomenally.
Speaker 3 (31:11):
Fundamentally changed now, John that I definitely years even just
two or three years ago, I would have had property
for saying you it's a no brainer. Just mortgage yourself
up the HILP, get a property rented out cash in
twenty years later, job done.
Speaker 9 (31:25):
Well, that's what I used to do. Yeah, I look
in seventy three and ninety seventy three, I bought a
unit to be the unit and waking year old only
hangar and it was seventy three thousand dollars for the
unit and the rent was one hundred and sixty nine. Now,
the rent, the difference between what you pay for a
house and the rent has totally changed over the years.
(31:47):
It's gone down and down and down, and you've got things,
you know, you've got a lot of costs on property.
Speaker 3 (31:52):
Do you think what happened is that people would suck
it up because they realized the capital gain was there.
But now that part of the equation's gone.
Speaker 4 (32:00):
What do you think, Mike, Yeah, I mean that's the
days of champagne breakfast for landlords as over at the moment,
and it's now been treated the performance of property in
the last forty years has been exceptional, like almost unrealistic.
Speaker 3 (32:12):
How much money's doubling every eight or ten years.
Speaker 4 (32:15):
Yeah, so now it's going to perform likely the same
as a lot of other investment opportunities that you've got.
I mean, it's still an opportunity to have a leveraged
investment where you don't have to put every dollar down
and if you do get a five percent capital gain,
you only put ten percent rather than if you buy shares.
Speaker 9 (32:32):
Well, they're right, well, they say you're getting you know,
four or five percent, but that's a gross you know,
you've got to take You've got to take everything out
of that. Are you still Are you still in the game, John,
I saw my last one a couple of months ago.
Speaker 3 (32:45):
Oh so you're you've got a level of smugness about you.
Speaker 5 (32:50):
Yeah.
Speaker 9 (32:50):
But yeah, well I've got family and too. And that
guy that said three months isn't too far wrong, because
I mean, there's no such thing as three months. You know,
you've give them a fourteen day notice and then another
forteen day notice and then you make sure the thing
is to make an appointment with the tendency sue the early.
But if you wait for those fourtying days. I think
my son was waiting here to wait till twentieth of
(33:13):
December actually this year.
Speaker 3 (33:15):
By the way, what do you do with you know,
you've sold your properties. Where'd you put your money?
Speaker 9 (33:19):
I'll retired. That's another point, because you're about three point
three now. Yeah, well I've asked you term deposits and
a little bit of krypto.
Speaker 3 (33:31):
Oh there you go. Well, you need to tune in
on Sunday from five o'clock for Smart Money and we'll
join you for that conversation too, John, Thanks mate, thanks
for your call, because, yeah, the conversation has it's been
quite fascinating just for being as a bystander really because
I've I've never really got in the property market apart
from my own, but just seeing how the conversation has
shifted and it used to be, Look, you need to
(33:54):
get a property, you need to leverage yourself up the
young yang, get a tenant and suck it up whatever
the difference is, and then cash up in ten years time.
Speaker 4 (34:00):
Yeah. I mean, it's still a great investment for people
to make, but it doesn't necessarily have to be your
entire portfolio, which is what I think a lot of
people's strategies were before it was put everything you had
into property.
Speaker 3 (34:11):
All right, let's take another call Pete Hello.
Speaker 11 (34:14):
You go, hey, geys, gentlemen, good year. Regarding that that
lady spoked about that about Pittson out in the house,
I noticed David Seymour's brought this in. Chris and Chris Brown.
They have not got any rental property, so that they
don't even know what they're talking about. Those two don't
push this insurance policy. And people got to have the
out pets, and I think they've got it all wrong.
(34:36):
They want to get into the game first before they
make rules. They're trying to get rid of the r
EMA and that sort of stuff, and they're pushing they
own in the fear of farmers, but they're quite willing
to interfere with flannels. Is a business.
Speaker 3 (34:47):
Apparently he does. According to his Financial Interest Register, he
does own property held in trusts and several No Seymour
several properties in Northland and a residential home in Auckland.
Speaker 11 (35:02):
Maybe he does. I thought he didn't. I listened to
the radio the parent someone said he didn't own any
rental properties. I'll take that back. End of the day
is like the lady said, insurances companies aren't stupid. Pitt
still a lot of damage, and this there's an insurance
that they the tenants well putting out of insurance for them.
They pay the access and they pay for the full damage. Otherwise,
(35:24):
there's no way I'm going to have it a tenant
in my house with pets until I'm guaranteed the damage
from their pets is going to cover my insurance pots. Otherwise,
the government they can take me to court they like.
Speaker 5 (35:37):
Good luck to them.
Speaker 11 (35:38):
But I signed to looking out from your own in trust,
my own business.
Speaker 3 (35:40):
What do you reckon? By the way, I can understand, Pete,
you're thinking that David Seymour didn't have property because he
talked about can't afford to buy, but he has an
interest in three properties. Yeah, so I can understand why
you thought that. But yeah, anyway, any comment on that, Mike.
Speaker 4 (35:54):
Well, the new pet section of the RTA doesn't cap
the liability of the tenants. So under the if are
you do any normal damage in your rental property, it's
kept at the value of the insurance excess or up
to four weeks rent. But if I have a dog
and I'm a tenant, and it destroys all the carpets
for twenty grand. I can be liable for the full
twenty grand.
Speaker 3 (36:12):
Okay, couple couple of quick fire questions from the text.
Please ask Mike what happens with a cross lease property
it's going to be rented where the title memorandum of
least had pet exclusion clauses. I'd say that's your reason
not to have them.
Speaker 4 (36:23):
That's your reason not to have them for sure.
Speaker 3 (36:25):
So yeah, I think the thing is, don't panic. It's
not like everyone must. Everyone can bring their favorite pet.
I don't know, rot wheeler or whatever. I don't want
to have a crack at rot wheelers. I'm just thinking
of a big, slightly scary dog from time to time.
But it doesn't mean it's cut blanch.
Speaker 4 (36:42):
No. And you have to apply in writing before you
get the pet as well. There's a process to go through.
It's up the landlord's got up to twenty one days
to respond. And the new rules have also bought in
sort of tougher penalties for tenants that don't follow the
rules seven hundred and fifty dollars fine up to seven
hundred and fifty dollars if they just get a pet
without asking, and it does clear up a bit of
(37:04):
stuff around damage. I don't think it's a it's not
going to be. As long as we can get this
insurance stuff sorted out, I think it'll be. It won't
be too bigg a change.
Speaker 3 (37:11):
This one says, I'm a landlord. The pet thing's annoying.
Came out of the blue. Who even drive that?
Speaker 5 (37:15):
Next?
Speaker 3 (37:15):
Well, this government drove it.
Speaker 4 (37:17):
I guess yeah. I think it was David Seymour's project.
Speaker 3 (37:19):
Do we know what is?
Speaker 4 (37:20):
Was it?
Speaker 3 (37:21):
In response to maybe it was? Even some constituents w like,
this is ridiculous. I can't take my little dog somewhere
because pet ex solution.
Speaker 4 (37:28):
Well it is. It's been happening overseas that other countries
have been bringing things like this in when you are
in the United States, for example, I've had friends that
were tenants over there. They're allowed to have dogs if
they wanted to, but they were odds of getting a
dog in New Zealand was slimmed to none.
Speaker 3 (37:43):
Muzz says, how come rents are going down when rates
and insurances are going up either rental and there's no
way I'm lying it well, market forces, I guess there's
the answer, isn't Mike exactly. I mean, my rents are
sort of driven by migration and tenants incomes, I think.
And for example, two years ago when the rents were
shooting up, we had plus one hundred and thirty five
(38:04):
thousand people coming in to the country that year. This
year only plus ten thousand, So we just don't have
the people topping up the system. And I think this
is a repeat question really of the same thing, but
we'll read it out anyway. Says, can you refuse a
pet if your development property rules say no dogs? And
I would say yes.
Speaker 4 (38:20):
You can of course again yeah, I mean, if you've
got a property and it's in body corporate and you
don't want pets, check what the rules are and if
it doesn't prohibit pets, organized a body corporate meeting to
get it past.
Speaker 3 (38:32):
Right, We're going to be and by the way, Mike
is going to do some research on the insurance side
of things as to what insurance companies will cover pets,
because that's a new thing that landlords will be nervous about.
He'll be putting it on his website, which is a
spy property dot cod at in Z. We'll be back
in just to take the one roof Property of the
week is a ripper and kind of affordable. Kind of
(38:55):
affordable when I say million dollars. But you know it's
not like you're just going to roll up with some
cash and go here, we go pay for that right now,
but just property and they'll be in just a moment.
It's nine minutes to.
Speaker 1 (39:07):
Five the one roof Qropity of the week on the
Weekend Collective.
Speaker 3 (39:14):
Yes, welcome back the one roof property of the week. Now,
do and look, do go and look it up. It
is Ruin. It's on the on the one roof website.
By the way, just to few want the bleeding obvious
one roof dot curted in z. It is ruer Carca
Bay in the Marlborough Sounds. It's six bedrooms, four bathrooms, bathrooms,
zero car garage. And there's a reason for that because
(39:36):
you have to get to it by boat. The house
is pretty big, three hundred square meters just under two
ninety five and it's it's got over one hundred and
fifty acres of pristine native bosh. Now, the prize is
going to blow your the price is going to blow
your way. It's got a beautiful water frontage. In fact,
Mike you were looking at We're both looking at it together,
(39:58):
and it is I mean, how do you describe it?
It looks just stunning, isn't it?
Speaker 4 (40:02):
Absolutely Yeah, it's absolutely amazing. Yeah, very jealous. I who
ever gets there.
Speaker 3 (40:08):
A beautiful boat house, very extended jetty. I mean it's
been photographed at full tide with the sun shining, but
it is. It's nothing short of stunning. And one would
have thought that it'll be what probably close to two million,
but apparently the estimate on the price is one point
one two million dollars. So I don't want to say
(40:31):
that's cheap, because money is money and you know, but
a million dollars in terms of what it's offering, and
Rukaca Bay is not particularly remote. It's looks like it's
about ten or twelve kilometers from Pickton along the same
sort of channel. But yeah, what did you? You should
pop down and put a bit on it.
Speaker 4 (40:47):
I'll have to get a boat first, but I do
think it looks like a great property, and that price
is actually staggering. I thought it was going to be
like ten when I saw the pictures.
Speaker 3 (40:54):
I mean, it is isn't it. I think, yeah, it's
absolutely beautiful. But the fact that it's got one hundred
and fifty acres of pristine native bush, what an incredible place.
And of course they're built quite a large house, so
it's so you can have all your mates to have
a barbecue and sit there and ponder how life is good. Anyway, Hey, Mike,
thanks so much, And if you want to check out
a spy property, dot coded and Z for that information
(41:17):
on insurance. Thanks Mike, Merry Christmas, Merry Christmas to you too.
We'll be back shortly with the Parents Squad.
Speaker 1 (41:23):
For more from the Weekend Collective, listen live to News
Talk zed be weekends from three pm, or follow the
podcast on iHeartRadio.
You're listening to the Weekend Collective podcast from News Talks.
Speaker 2 (00:09):
Be the Christmas music on this Christmas.
Speaker 3 (00:28):
I travel around this country across the waters. Lots of
friends is brought John.
Speaker 4 (00:36):
It's Christmas time again.
Speaker 2 (00:39):
A year is coming on.
Speaker 3 (00:49):
Ahi, Yes, welcome back to the Weekend Collective. I like
a little bit of Christmas music. That's a a bit
of Kenny and Dolly. How Can You Go Wrong? By
the way, A fun thing if you ever want to
write a Christmas song and it's not sounding Christmas enough,
just shoved some sleigh bells stage in the background and
people instantly think, oh Christmas song, one of them. That's
(01:11):
the one. That's the sound effect. You just need the
sleigh bells and away you go. I could sing, I
could sing bar bar black sheep, bar bar black sheep.
Have you Annie? Well, there you go. It's a Christmas song.
Fun fact, random fact as well. Welcome back, by the way.
If you've missed any of the hours, go and check
out our podcast. We have a great panel there with
Brad Elson and Alan Blackman. But now we're onto another
(01:33):
fantastic our. This is the one roof radio show where
we take your calls around a whole bunch of issues
to do with property, and today we're going to chat
about a couple of things. There's firstly not even two
years ago. In fact, as I was looking up a
bit of research on this, I saw an article that said,
(01:53):
in fact, it might even be a comment with my guest. Actually,
but a couple of years ago we were comparing our
rent increases because rent was just going gangbusters to places
like Singapore and New York's City and Sydney. But today
many parts of the country are seeing the rents tumble.
So what does it mean for twenty twenty six. Should
tenants be making their move to secure place or you know,
(02:16):
is it landlords? Should you be basically doing your best
to lock and reliable tenants before things start to change again.
But I think that maybe the broader question is is
everything when it comes to And of course, if you're
paying rent, chances are there's an eighty percent chance I
think you're paying it to a private landlord. So obviously
large percentage of the majority of rentals in the country
(02:37):
are through private landlords. And so if rents are tumbling again,
we've seen what's happened with interest rates and the old
days of the formula of just get a tenant and
the rental pay for everything are long gone. But is
the property market a bit out of whack? Anyway? We
want to take your calls on that. But also we're
going to have a chat as well about the rule
changes that are happening around. A landlord just can't turn
(03:00):
down a tenant solely for bringing a pet with them,
So we're going to dig into that as well. Anyway,
my guest, we want your calls on eight hundred and
eighty ten to eighty text ninety two ninety two, because
you know, we can also chat about what happens on
a yappie dog and in a unit gets on other
tenants nerves. Can you still turn people down for a
pet in certain circumstances? So lots to get to get
(03:20):
into there, but joining us to discuss it. He's managing
director at ASPA Property Management and he's with us for
the One Roof radio show and his name is Mike,
Mike Atkinson, and Mike, Hello, how are you good?
Speaker 4 (03:32):
Thank you? Thanks for having me.
Speaker 3 (03:34):
Yeah, what's going on with the rents at the moment.
Let's get some facts on the table because I've had
a bit of a ramp. But now you can tell
me I'm are wrong.
Speaker 4 (03:40):
Yeah. So two years ago you're right, the sort of
median rent price in New Zealand was trending towards six
hundred and fifty dollars and today we're looking at about
six hundred and ten for the median rental price. So
you have had regions like Auckland and Wellington have had
a small drop in the sort of asking price rent index,
which trade Me keeps track of. Yeah, that index only
(04:01):
really tracks the asking price of the available rentals. Stats
n Z has another data set that they use, like
the rent index of every rental and they're sort of
saying that it's been flat. But if you compare the.
Speaker 3 (04:15):
Right so so hard we sorry, I'll let your carry
on a second. I'm just jumping in. Does that mean
that new rentals are seeing a change, But of course
in terms of the overall rental stock it's different.
Speaker 4 (04:28):
Yeah, Because often you might have a rental property where
the tenant's been there for four years and so that landlord,
with all the things that have happened in the last
couple of years, finally decides to put up the rent,
so that increases that property's rent because they measure it
on the bonds at Tenancy Services, so you do kind
of have two different ways of looking at what the
rent is. But overall the sentiment is that they have
(04:48):
come down a fraction and then but if you relay
that back onto the the overall economy in New Zealand,
it kind of makes sense that the rental market isn't
surging because well, everything else is of it exactly, So
we're a tenant supposed to get the money from to
pay an extra fifty dollars a week just doesn't exist.
Speaker 3 (05:05):
So well, I mean, we would post the question for
the people who have a current tendency who haven't negotiated
a new rent. Do many people actually after being in
a place for a couple of years negotiat their rent down?
Because that would feel if I was in a place
as a tenant, even though I might, thank gosh, I'm
playing a lot of rent in the landlord's doing well
out of me, I would still struggle to approach them
(05:30):
and say, hey, rents are going down, I think you
should review our rent. That difficult conversations, aren't.
Speaker 4 (05:36):
They It is a difficult conversation and it doesn't happen
that often mostly if people's rent stays the same, they're
normally pretty happy with that. If a tenant was looking
at doing something like that, they could try to offer
a longer extension period or something for the landlord. But
more often than not, the rent just ends up staying
the same.
Speaker 3 (05:56):
So what we're observing then is new tenancies are getting
a lower price. It could be a bit I'm trying
to work out if the stats, as we understand them,
there are therefore more dramatic or less dramatic than the headlines.
Speaker 4 (06:11):
I think they're a little bit less dramatic. But those properties,
it's like, if you list a property at six point fifty,
are we counting it when that rents for six thirty?
Does that count as a twenty dollars drop? Or does
that discount as a property that rented for six hundred
and thirty dollars a week?
Speaker 3 (06:25):
Yeah? Do you think I mean these are all the
property market off well? I mean, it often does seem
that sometimes it's driven by headlines. Is this an unfortunate
headline that would make people more pessimistic from an investment
point of view?
Speaker 4 (06:43):
I'm not sure. I mean, there is data that we have,
for example, We've rented four hundred and twenty five properties
this year, and the media in time to get them
rented is twenty days. Two years ago that would have
been like fourteen days. So it does take longer to
get the properties rented, and to me, that indicates a
reduced demand and a little bit too much supply, and
that would line up with prices dropping as well.
Speaker 3 (07:05):
Is properties that are well priced and appealing, do they
still rent pretty quickly? I mean, I guess that's the thing.
How do you get your that's this ancillary question for investors,
how do you get your property rented quickly?
Speaker 4 (07:19):
Yeah? So forty percent of our properties have rented it
under fourteen days this year, and they're the ones that
are well presented and well priced, maintenance all being done.
You can't just expect a tenant to rent anything that's
got a roof from four walls. You need to make
an appealing place for someone to live and you will
get your property rented pretty quickly if you do that.
Speaker 3 (07:37):
That is different to what it used to be used
to get the feeling you just basically, I have a house.
It has windows and a door in three bedrooms.
Speaker 4 (07:45):
Yeah, go yes, yeah, I mean you used to be
able to get a property rented at the first viewing.
This is going back five years. We do four or
five up to ten viewings at a property. We do
them Saturdays and Sundays now as well. Didn't need to
do that, but five years ago you just sort of
put it up and someone would rent it.
Speaker 3 (08:02):
Actually, it does remind me that, so how long ago?
How long ago was it that we saw times like
this in terms of the era when it was a.
Speaker 4 (08:11):
Real slow down. Yeah, yeah, and not for at least
fifteen years.
Speaker 3 (08:15):
Because that would equate when my to be wife moved
up to she said to me, from Christich to Auckland,
she said, well, you have to find us a place
to live. And I went looking with my mum and
the letting agent said to me, oh, there's this place
in such and such street. She said, that's a bit
told old and tired. If you're getting married, your bride
(08:36):
might not like this one. And it had been sitting
there for six to eight weeks, and it was two
hundred meters from Saint Helier's Beach. It was tired and old,
I'll give you that. But I walked in there and
I looked around thinking, and my Mum actually looked at
me and just went it, take it now, and I
haggled a twenty bucks off the price and it was done.
(08:57):
And that was a time when things were sitting around.
Speaker 4 (08:59):
Yeah, that property potentially could have been a bit of
an edge case because this definitely is this lowest this
year and even the back into last year has been
the slowest that I've seen it, and I've been doing
properly manage well.
Speaker 3 (09:12):
It did have champagne pink carpet from nineteen seventy in
a bathroom that really looked like it belonged and something
that had already been demolished. So I own it now though,
and we bought it from the landlord. Anyway, excuse me,
pardon me? Would light your cause on this? And the
general question is, I mean, would you ever go shout
rent downwards? But what's your what's your view on the
(09:34):
fact that rents seemed to be coming down and is
the property market if you're an investor, does it feel
like it's a little bit out of whack because you know,
it's expensive to bar property, it's an expensive to pay
for the mortgage and everything and the outgoings and everything,
and how does the equation sit with you, given that
rents seem to have some downward pressure on them, is
that a gentle way to put it? Mike? Yes, yes,
(09:55):
I didn't want to be inflammatory. Rents are tumbling, everything's stuffed.
What do you think? Oh, eight hundred and eighty ten. Also,
we're going to dig into the pet laws as well,
and in fact we've got call already, so we're going
to get the ball rolling with Henry. Hi, Henry, Yeah,
how are you today?
Speaker 5 (10:10):
Right?
Speaker 4 (10:10):
All right?
Speaker 3 (10:11):
You're with me and Mike.
Speaker 5 (10:14):
Mike and me. How are you good?
Speaker 3 (10:16):
Where you go? You got a question or a comment?
Speaker 5 (10:18):
Oh? Yeah, yeah, yeah. Now the pet law, which I
think is fair enough. I'm the landlord right and have
been for the last ten years, and I'm open to
tenants having pets and everything else, which is you know,
because it's good for the end. It's good for a
landlord too, because you know, they want to stay a
bit longer and you want a good tenant as long
(10:40):
as possible. Now, the recent change that Chris Bishop said.
Speaker 6 (10:47):
About the the rentals being allowed to have pets, now.
Speaker 5 (10:53):
That's all good. Like I say, uh, the the any
sort of fishhook I've just recently discovered is I rang
up my insurer and I said, do you guys have
provisions for pet damage to properties because of pets? And
they said, oh no, we don't. So I can ensure
(11:16):
my rental properties against pet damage from tenants and they
said no. So I just wondered if everyone was aware
of that. Maybe it's just mine. Sure, who knows? They
haven't checked any ovens.
Speaker 3 (11:27):
That seems strange because I would have thought damage caused
by pet is basically attributed to the tenant. I would
have thought, actually stay there, Henry Mike.
Speaker 4 (11:37):
Yeah, so we've done some research on it, and there
are actually contents policies that you can get that will
cover you for your tenants damage. So there are some
landlord policies like this callers that aren't going to cover
pet damage. But then you could get a bolt onto
your existing policy or get your insurance from somewhere else.
Under the new law, if a tenant pet does damage
(12:00):
the property, the tenant is fully liable, so you don't
have to use the landlord's insurance. But obviously getting the
money out of the tenant is another story. So there
is even yeah, yeah, so there is also the option
like a landlord can reasonably refuse the permission for a
pet under criteria that hasn't been tested yet at the
(12:21):
tenancy tribunal, and one that could be worth testing is
my insurance doesn't cover pet damage, so no pets at
this property? And would that stand up at the tribunal.
Nobody actually knows yet because it hasn't been tested. But
you could try that in your first instance.
Speaker 3 (12:36):
That's problematic, right.
Speaker 5 (12:38):
I just wanted to bring that to people's attention because
I'm sure I'm not the only one who's having made
maybe concerns about things like that. Like I say, I'm
all good.
Speaker 6 (12:49):
To have let them have pets, but also want to
be ensured just in case, you know, you know, things happen,
and yeah, they could skip out and and not and
not pay for the damage caused. Could be quite extensive.
And I'm sure two weeks worth extra with a rent
that they might have to put as a deposit won't
actually cover the damage. So from from the landlord's point
(13:11):
of view, you want to be fully covered.
Speaker 5 (13:13):
Yeah, like you say, hasn't been tested. Was it really
thought about before they broaden the law? Who knows?
Speaker 4 (13:22):
Well?
Speaker 3 (13:22):
One would like to think they bring in a law
after quite a bit of thought. But good luck.
Speaker 5 (13:30):
I think I've got my finger on the pulse. But
you know, just just hearing.
Speaker 3 (13:34):
Well, if you're a landlord, you probably do have you
I mean, when you know your your your investment and
your you know your asset is something you care about.
So I imagine you do have your finger on the pulsey, Henry. Yeah, yes,
thanks for the col Actually, now let's just let's just
explain what the law is, because it basically means, as
far as I know, Mark, you can correct me that
(13:56):
the blanket no pet policies are gone, so you can
still decline pets, but you must have you must respond
on reasonably. I guess it's reasonable grounds to do.
Speaker 4 (14:07):
So, Yeah, you have to have a valid reason for
saying no. You can no longer just say no pets
because I don't want my tenants to have them. So
some examples are body corporate rules that prohibit pets, so
you can say no based on those. If your property
has inadequate fencing, say, and they want to have a dog,
you could say, well, you can't actually have a dog
at that property. It wouldn't work if the property is
(14:28):
too small, or if the dog is on the Dangerous
Dogs list. So there are some reasons, but it's just
a complete reversal from the current setup, which is landlord
doesn't want pets. That's the end of the story, and
you've got no rights as a tenant. Now you can
put a submission in in writing.
Speaker 3 (14:44):
Do you think that the result of a law like this,
I mean, I like to think of New Zealand generally
we all get on pretty well, and there are some
landlords who are far more remote, of course, But I'd
like to think that it's simply putting a process in
where somebody wants to have their well, I actually prodly,
I was just thinking about cats in terms of ripping
up the carpet. But anyway, but you do that, I've.
Speaker 4 (15:05):
Got a cat and I have to get my carpet
replaced in the bedroom, for sure.
Speaker 3 (15:08):
Would that be a grounds for saying no to a cat.
It's like, well, it's going to ruin the carpet and
my insurance doesn't cover it, so sorry.
Speaker 4 (15:15):
But yeah, so the idea that your insurance doesn't cover it,
you could try to make that one of the reasons.
And basically they haven't given us a full list of everything.
They've given suggestions and then it will be tested in
court over time.
Speaker 3 (15:29):
Which way does the tenancy tribunal tend to lean on
the stuff? Do they tend to lean in favor of
tenants or in landlords?
Speaker 4 (15:36):
Given it's in the name tenancy tribunal, it's the tenants.
Speaker 3 (15:41):
And that's not because you are on the opposite side
of the equation.
Speaker 4 (15:44):
It's like, no, I don't think that. I can still
remember my first ever trip to the tenancy tribunal and
I thought I had an open and shutcase and I
got like thrown out of the room. Basically I lost.
And it was just over things that I thought any
reasonable person would have found that ooh, so yes, it's
very much a tenants tribunal.
Speaker 3 (16:02):
I was trying to think. It's I like the to imagine,
you know, some fairly outrageous pets, Like imagine if you
could keep exited animals, Like, what sort of cat do
you have? Well, it's a it's a leopard actually, but
it's well behaved. It doesn't you know, not many people
have gone missing in the neighborhood. Anyway, we're taking your calls.
I think most of the calls. The conversation is going
(16:23):
to be about pets. But yeah, your questions and comments
around the fact that a blanket refusal to pets is
no longer okay, there has to be reasonable grounds given
by a landlord. Eight hundred eighty ten eighty. In fact,
I'll tell you what. We will take the break now.
We've got a bunch of callers lined up and we'll
get into it. But there's one spare line eight hundred
eighty ten eighty. My guest as Mike at Can Seny.
(16:44):
He's the managing director at Aspire Property Management. We'll be back
in a moment, right, Welcome back to the one roufradio show.
My guest is Mike att Canson from a Spire Property Management.
I think that most of the calls we're going to
be taking are around pets, the change in the rules
around the you can't have a blanket no pet policy.
The landlawers must respond reasonably taking your calls.
Speaker 7 (17:06):
Bruce High, Oh guys, yeah, thanks for taking the call.
I mean, in the property investor business for since about
the nineteen eighty has been involved in property investor associations,
et cetera. And one thing I have assidiously assiduously tried
to avoid the whole whole way through is renting houses
(17:27):
to people with children. You know, if you a dog,
pets a fine. If your tenants an elderly person with
a dog is probably the best tenant you can get
with a dog and a cat. They look after the dogs,
the dogs have beds. But if you have children, I've
found they're the ones that do the do the most
(17:48):
damage to your property. And I've I've sort of always
tried to avoid renting one of my houses to people
with young children because you get the veggie might line
down the wall where they drag their hand down as
they're eating needed sandwich, They mark the ball with felt pens,
they drop food on the carpet. They they do a
(18:11):
lot of damage, particularly if they're not managed. If they're
not you know, if they're you know, kids do a
lot more damage to a property than a dog than
an animal would. And if you've got someone in there
with an animal, they're stable, they're settled. And I would
much prefer to rent to someone with pets than someone
with children because the young children, I've found they do
(18:35):
the most damage to your property. Carpets, walls, yeah, breakages,
They do damage that you know an animal would not do.
I can't imagine. You know, I've had dogs in my house,
had you know, lots of dogs in my houses. But
they don't do any damage. They sleep on their beds,
(18:56):
they may drop a bit of fur which you vacuum up.
They don't tear the carpet, they don't. They don't, they
don't do their business inside, and they're much much less
hassle than children. And that's what I want to say.
Speaker 3 (19:11):
So how do you avoid that's interesting? Actually, I actually
I got a mic if you got a comment on
that mic.
Speaker 4 (19:17):
Well, firstly, you actually legally cannot discriminate on a tenant
based on whether or not they have children or not,
or their family situation.
Speaker 3 (19:26):
But so can you without anyone knowing? You just say
have you got any kids? Are lovely? And then by
the way, look unfortunately you haven't got the property this time.
Speaker 4 (19:35):
Well, yes, obviously, if someone gets three applications and one
person has a child and the landlord decides, you know
that this wouldn't happen through a spider. But if you're
as the caller is, he can just choose the one
that doesn't have children. So people can obviously exercise their preferences.
It's not lawful to do so in that manner.
Speaker 3 (19:53):
So the law shift to you, Bruce, is not really
a big deal because it's like until they create a
rule where I can discriminate against kids.
Speaker 7 (20:02):
Well you're not. You're not the discriminating. You're selecting. Well
you're there's no discrimination. You're choosing the person you want
in your house. You have that choice no one else.
You can choose whoever you like to live in your house.
You don't discriminate, because that's a naughty that's a nasty word.
(20:24):
But you select the tenant that you think is going
to be best for your property.
Speaker 3 (20:29):
Although do you acknowledge that actually what you're suggesting maybe
pragmatically what some people do, but it's actually not technically legal.
Speaker 7 (20:41):
Well, the intent is not to discriminate. The intent is
to get the best tenant for my property. So I'm
not discriminating. I'm being selective as to making a business
decision as to who is going to be the best
person for that tenant. And I find that elderly people
or middle aged people with a pet are the best
(21:05):
long terms to cure tenant.
Speaker 3 (21:07):
Have you ever had someone you've got on board as
an older person who you thought, well, there's no kids
in sight, but all of a sudden, grandchildren are staying there,
and you're like, ah, never mind.
Speaker 5 (21:18):
Not.
Speaker 7 (21:20):
Too much. The grandchildren. You know, they'll come and visit.
But that's a different that's a different thing. You know,
if you're a working family and you have two or
three kids, Mum and dad are out, they left, the
kids are there, unsuperbowl all that sort of thing. Kids
can do a lot of damage to a home that
you don't really see until they've left. And I'm talking
(21:40):
about marks on the walls, bones on the carpet, on
the curtains.
Speaker 5 (21:44):
Yeah.
Speaker 3 (21:45):
No, No, I appreciate your point, Bruce, Are that I
mean either either neither neither selecting or being discriminated discriminating
And I think we could have got caught up in
a language in a language battle there. But what's your
for the word on that? Well, there would be landlords
who would do it without saying like, I'm not going
to let did you see the children? God, they look
(22:06):
like a pain. I'm not going to get them in there.
Speaker 4 (22:08):
Absolutely, But I mean, I guess one of the positive
points there is that you can have a good relationship
with tenants that have pets. So this rule about pets
being allowed doesn't need to freak landlords out. There are
positives for tenants having pets, and that is that they
stay longer, they make it their home, and that they
get to sort of enjoy the social benefits of having
(22:29):
a pet as well.
Speaker 3 (22:31):
It does raise that interesting question as to how much
control a landlord chat should have around who went into
their place. I mean, because it's your house, it's worth
many hundreds of thousands of dollars, it's a big investment,
and there would be that plenty of landlords who think, well,
you know, I should be able to put who I
want into that house, and you sort of can, but
(22:53):
you can't. Yeah, you can, but you can't.
Speaker 4 (22:55):
Yes, And all the law changes that have been coming
through lately over the last five years more towards the
idea that if you decide to put your house up
for rent, you actually get away a lot of that control.
So you are now just saying, if you want to
participate in the rental property game, you don't get to
maintain as many of those rights. You can't just say
I only want to rent to that person and not
(23:16):
this person. If someone puts in a good application and
you decline it and you don't specify a reason, they
can take you to the tendency tribunal to find out why,
or even the human rights borders.
Speaker 3 (23:27):
Although if you have more than one applicant you don't
need to justify anything. You just go I gave it
to such and such.
Speaker 4 (23:35):
You could but that. Let's say you gave it to
a couple and it was a single person that applied.
So if you objectively look at that, that's only one
person versus two. So why did you give it to
the person with two? Is it because I you know
this person might ask for clarification on why they weren't selected.
Speaker 3 (23:50):
Oh so what if you've interviewed We're getting into the
weeds here. What if you've interviewed a bunch of tenants
and you simply go, well, why did you give it
to them? It's like, well, because we had a good
chat about things and I like them. Is that a
good enough reason?
Speaker 4 (24:03):
It can be, but it can get difficult if you
have three people that really want one property and you've
only got one property to give, so you have to
be sometimes for us, we've just done it, and this
person viewed it before you and applied before you. Because
you might have three great tenants, and how do you so.
Speaker 3 (24:19):
Just I liked that person more than I like the
other person? Has that not really?
Speaker 4 (24:24):
I mean, I think that opens yourself up to why
is it that you liked that person better than the
other person.
Speaker 3 (24:29):
Because they smiled nicely and the other one was rude?
Speaker 4 (24:33):
Happened to that? Then it's fine, but it's I think
they've got all these laws in place to try to
protect people from.
Speaker 3 (24:38):
And especially when it comes to race and other sort
of judgments, which we would all agree with those laws
being in place. Right, let's continue with the conversation. Ray, Hello,
ah hi.
Speaker 8 (24:48):
I have two examples where the pet bond were nowhere
near cover the damage that was caused. One was a
property in between inspections, the tenants got in kittens. The
kittens peed all over the floor, It went through into
the sub floor. The whole flooring in the house had
to rebooth placed because the smell couldn't be got out
(25:11):
and it was in excess of twenty five thousand dollars.
Two weeks rent not going to cover.
Speaker 4 (25:15):
It another twenty five rand.
Speaker 8 (25:19):
There's the whole floor in the whole house has to
be replaced because the pea had got through into the
tongue and groove and we could not get the smell out.
Speaker 3 (25:28):
That's a lot of pea, isn't it.
Speaker 8 (25:31):
It's a lot of pea in a whole house. You've
got two kittens running around, or three kittens running around,
and a full and a mamma cat locked inside a
house while people are at work all day.
Speaker 4 (25:44):
Oh.
Speaker 3 (25:44):
Actually that does raise question ray for Mike. If somebody
said I've got a couple of kittens, could you say, well,
you can come in, but you must provide them with
kitty litter and all that sort of stuff, as opposed
to just you know, let them go wherever they want.
I mean, can you put conditions on that?
Speaker 4 (26:00):
Well, not one hundred percent sure what conditions we can
put on there. As mentioned, you can you have the
pet bond for two weeks, but it's not going to
cover it if things go really badly. So we have
had a couple of cases where dogs have urinated all
throughout the property and it can damage the floor underneath
the carpet, as it's happened in this case. So it's
really critical that people make sure that as a landlord,
(26:22):
their insurance does cover pet damage and if it means
you have to change insurer to get it, then it
would be worth changing. So those would be the best
place to start. Is just making sure that your insurance
is up to date.
Speaker 3 (26:33):
Okay, hey, thanks for your call.
Speaker 8 (26:34):
Right.
Speaker 3 (26:35):
Oh, sorry what you're saying.
Speaker 8 (26:37):
So Pete, find us some insurance company that will do it,
because I can't find one.
Speaker 4 (26:41):
Well, there's a company called Real Landlords Insurance, but they
only work with property managers at the stage, and they
have added pet coverage. But I will happily do a
review of all the insurance companies and I will publish
it on my own.
Speaker 8 (26:55):
And then will they turn around and say it was multiple.
Speaker 4 (27:00):
Multiple instances, so multiple excesses.
Speaker 3 (27:02):
Yes, they love to do that, don't they.
Speaker 9 (27:05):
I'd want my research.
Speaker 8 (27:07):
I cannot find anyone.
Speaker 3 (27:09):
Okay, Well, Mike's going to look into it and he'll
stick it on as.
Speaker 8 (27:12):
I think you get back to us, I'd be I'll be.
Speaker 3 (27:14):
On his website. There are Ray, what's your website?
Speaker 4 (27:17):
Aspire Property dot cod door in Z.
Speaker 3 (27:19):
There you go. So there's some homework for Mike. He's
going to stick it up on his website when I
looked into it. We'll be back in just to tack
with more callers. Eight hundred and eighty ten eighty. It
is twenty three minutes to five. Yes, news talks there be.
My guest is Mike Atkinson from a Spire Property Management
actually Aspire property dot coded in Z. I think the
website is going to actually look into this in the
next day or two or three or four about and
(27:40):
what are we going to be putting what are you
going to be putting up there?
Speaker 4 (27:43):
I'm going to go through and research all the insurance
companies and what sort of pet coverage they offer for
landlords and also tenants contents cover, because if contents for
tenant covers it, then a reasonable condition, in my opinion,
would be asking for the tenant to show that they've
got contents cover excellent.
Speaker 3 (27:59):
No good, good work. Now a Spire property dot coted
in Z. We'll give him a few days to do that. Yes, yeah,
we'll give them a few days.
Speaker 10 (28:08):
Paul, Hello, how's it going. I've been a landlord for
thirty seven years. This year and last year have been
the hardest we've ever ever had. The top flat I
kept home in vacancies, you know, and there because one
(28:30):
lest they found a new tenant I may made that
as a as a you know, borders, borders place for
getting people. And I've just finally rented all my properties,
you know, my my block block of properties. And the
other thing that really saved me is having all my
(28:53):
property threehold.
Speaker 3 (28:55):
Are you talking about that? Just the struggle of getting
your properties rented given lack of demand and all that.
Speaker 10 (29:02):
And the reason is a lack of demand is because
people have all gone to Australia and they're rinking their
their their houses, houses out and that has happened when
labor God, when National, you.
Speaker 3 (29:16):
Think it will turn around, people come back and then
we'll see the demand return. What do you reckon? Everything
does well?
Speaker 10 (29:22):
But National have to find a lot lot of work
for people people because National just keeped on. I'm selling
Pole And the other thing I would love to get
sorted out is, you know is when people don't pay
the rent, you know, you can't kick them out for
(29:45):
three months and they they just you know, they they
get away from nothing. Again. I spoke to the ladies.
She said, oh no, that's the law. You know, you
you you know, that's that's the law. You keep you
can And I I lost out on heats and money.
(30:06):
But because this person was a drug.
Speaker 9 (30:11):
To the drug dealer, and.
Speaker 3 (30:12):
That it stop being a landlord. And we've brought pets
into the conversation. They have we might Hey, thanks for
your call, Paul. We got to keep moving because we're
getting closer to the end of the show. So John
did a.
Speaker 9 (30:23):
Yeah, okay, Hey, look, I really reckon that the days
of renting have gone. I think, you know, the only
good thing about renting was capital gains, and I don't
think you're gonna have capitical games for quite a while.
And how there's so many properties been a landlords to
days have gone being a landlord. Sorry, yes, yes, yeah, yeah.
Because there's so many properties being built, things are getting
(30:44):
a lot harder to rent places. I guess that'll lower
the rent possibly, but also I mean, if you're getting
it managed, you're paying eight percent plus GST. Those guys
do the best of the lot. They do better than
the landlords because by the time you pay, you know,
it's it's hell of an expensive. People don't think that.
They think rich landlords. You don't get your money from
from being a landlord, because you you know, every twelve
(31:06):
years you've got recarping repainting and all these price has
gone up phenomenally.
Speaker 3 (31:11):
Fundamentally changed now, John that I definitely years even just
two or three years ago, I would have had property
for saying you it's a no brainer. Just mortgage yourself
up the HILP, get a property rented out cash in
twenty years later, job done.
Speaker 9 (31:25):
Well, that's what I used to do. Yeah, I look
in seventy three and ninety seventy three, I bought a
unit to be the unit and waking year old only
hangar and it was seventy three thousand dollars for the
unit and the rent was one hundred and sixty nine. Now,
the rent, the difference between what you pay for a
house and the rent has totally changed over the years.
(31:47):
It's gone down and down and down, and you've got things,
you know, you've got a lot of costs on property.
Speaker 3 (31:52):
Do you think what happened is that people would suck
it up because they realized the capital gain was there.
But now that part of the equation's gone.
Speaker 4 (32:00):
What do you think, Mike, Yeah, I mean that's the
days of champagne breakfast for landlords as over at the moment,
and it's now been treated the performance of property in
the last forty years has been exceptional, like almost unrealistic.
Speaker 3 (32:12):
How much money's doubling every eight or ten years.
Speaker 4 (32:15):
Yeah, so now it's going to perform likely the same
as a lot of other investment opportunities that you've got.
I mean, it's still an opportunity to have a leveraged
investment where you don't have to put every dollar down
and if you do get a five percent capital gain,
you only put ten percent rather than if you buy shares.
Speaker 9 (32:32):
Well, they're right, well, they say you're getting you know,
four or five percent, but that's a gross you know,
you've got to take You've got to take everything out
of that. Are you still Are you still in the game, John,
I saw my last one a couple of months ago.
Speaker 3 (32:45):
Oh so you're you've got a level of smugness about you.
Speaker 5 (32:50):
Yeah.
Speaker 9 (32:50):
But yeah, well I've got family and too. And that
guy that said three months isn't too far wrong, because
I mean, there's no such thing as three months. You know,
you've give them a fourteen day notice and then another
forteen day notice and then you make sure the thing
is to make an appointment with the tendency sue the early.
But if you wait for those fourtying days. I think
my son was waiting here to wait till twentieth of
(33:13):
December actually this year.
Speaker 3 (33:15):
By the way, what do you do with you know,
you've sold your properties. Where'd you put your money?
Speaker 9 (33:19):
I'll retired. That's another point, because you're about three point
three now. Yeah, well I've asked you term deposits and
a little bit of krypto.
Speaker 3 (33:31):
Oh there you go. Well, you need to tune in
on Sunday from five o'clock for Smart Money and we'll
join you for that conversation too, John, Thanks mate, thanks
for your call, because, yeah, the conversation has it's been
quite fascinating just for being as a bystander really because
I've I've never really got in the property market apart
from my own, but just seeing how the conversation has
shifted and it used to be, Look, you need to
(33:54):
get a property, you need to leverage yourself up the
young yang, get a tenant and suck it up whatever
the difference is, and then cash up in ten years time.
Speaker 4 (34:00):
Yeah. I mean, it's still a great investment for people
to make, but it doesn't necessarily have to be your
entire portfolio, which is what I think a lot of
people's strategies were before it was put everything you had
into property.
Speaker 3 (34:11):
All right, let's take another call Pete Hello.
Speaker 11 (34:14):
You go, hey, geys, gentlemen, good year. Regarding that that
lady spoked about that about Pittson out in the house,
I noticed David Seymour's brought this in. Chris and Chris Brown.
They have not got any rental property, so that they
don't even know what they're talking about. Those two don't
push this insurance policy. And people got to have the
out pets, and I think they've got it all wrong.
(34:36):
They want to get into the game first before they
make rules. They're trying to get rid of the r
EMA and that sort of stuff, and they're pushing they
own in the fear of farmers, but they're quite willing
to interfere with flannels. Is a business.
Speaker 3 (34:47):
Apparently he does. According to his Financial Interest Register, he
does own property held in trusts and several No Seymour
several properties in Northland and a residential home in Auckland.
Speaker 11 (35:02):
Maybe he does. I thought he didn't. I listened to
the radio the parent someone said he didn't own any
rental properties. I'll take that back. End of the day
is like the lady said, insurances companies aren't stupid. Pitt
still a lot of damage, and this there's an insurance
that they the tenants well putting out of insurance for them.
They pay the access and they pay for the full damage. Otherwise,
(35:24):
there's no way I'm going to have it a tenant
in my house with pets until I'm guaranteed the damage
from their pets is going to cover my insurance pots. Otherwise,
the government they can take me to court they like.
Speaker 5 (35:37):
Good luck to them.
Speaker 11 (35:38):
But I signed to looking out from your own in trust,
my own business.
Speaker 3 (35:40):
What do you reckon? By the way, I can understand, Pete,
you're thinking that David Seymour didn't have property because he
talked about can't afford to buy, but he has an
interest in three properties. Yeah, so I can understand why
you thought that. But yeah, anyway, any comment on that, Mike.
Speaker 4 (35:54):
Well, the new pet section of the RTA doesn't cap
the liability of the tenants. So under the if are
you do any normal damage in your rental property, it's
kept at the value of the insurance excess or up
to four weeks rent. But if I have a dog
and I'm a tenant, and it destroys all the carpets
for twenty grand. I can be liable for the full
twenty grand.
Speaker 3 (36:12):
Okay, couple couple of quick fire questions from the text.
Please ask Mike what happens with a cross lease property
it's going to be rented where the title memorandum of
least had pet exclusion clauses. I'd say that's your reason
not to have them.
Speaker 4 (36:23):
That's your reason not to have them for sure.
Speaker 3 (36:25):
So yeah, I think the thing is, don't panic. It's
not like everyone must. Everyone can bring their favorite pet.
I don't know, rot wheeler or whatever. I don't want
to have a crack at rot wheelers. I'm just thinking
of a big, slightly scary dog from time to time.
But it doesn't mean it's cut blanch.
Speaker 4 (36:42):
No. And you have to apply in writing before you
get the pet as well. There's a process to go through.
It's up the landlord's got up to twenty one days
to respond. And the new rules have also bought in
sort of tougher penalties for tenants that don't follow the
rules seven hundred and fifty dollars fine up to seven
hundred and fifty dollars if they just get a pet
without asking, and it does clear up a bit of
(37:04):
stuff around damage. I don't think it's a it's not
going to be. As long as we can get this
insurance stuff sorted out, I think it'll be. It won't
be too bigg a change.
Speaker 3 (37:11):
This one says, I'm a landlord. The pet thing's annoying.
Came out of the blue. Who even drive that?
Speaker 5 (37:15):
Next?
Speaker 3 (37:15):
Well, this government drove it.
Speaker 4 (37:17):
I guess yeah. I think it was David Seymour's project.
Speaker 3 (37:19):
Do we know what is?
Speaker 4 (37:20):
Was it?
Speaker 3 (37:21):
In response to maybe it was? Even some constituents w like,
this is ridiculous. I can't take my little dog somewhere
because pet ex solution.
Speaker 4 (37:28):
Well it is. It's been happening overseas that other countries
have been bringing things like this in when you are
in the United States, for example, I've had friends that
were tenants over there. They're allowed to have dogs if
they wanted to, but they were odds of getting a
dog in New Zealand was slimmed to none.
Speaker 3 (37:43):
Muzz says, how come rents are going down when rates
and insurances are going up either rental and there's no
way I'm lying it well, market forces, I guess there's
the answer, isn't Mike exactly. I mean, my rents are
sort of driven by migration and tenants incomes, I think.
And for example, two years ago when the rents were
shooting up, we had plus one hundred and thirty five
(38:04):
thousand people coming in to the country that year. This
year only plus ten thousand, So we just don't have
the people topping up the system. And I think this
is a repeat question really of the same thing, but
we'll read it out anyway. Says, can you refuse a
pet if your development property rules say no dogs? And
I would say yes.
Speaker 4 (38:20):
You can of course again yeah, I mean, if you've
got a property and it's in body corporate and you
don't want pets, check what the rules are and if
it doesn't prohibit pets, organized a body corporate meeting to
get it past.
Speaker 3 (38:32):
Right, We're going to be and by the way, Mike
is going to do some research on the insurance side
of things as to what insurance companies will cover pets,
because that's a new thing that landlords will be nervous about.
He'll be putting it on his website, which is a
spy property dot cod at in Z. We'll be back
in just to take the one roof Property of the
week is a ripper and kind of affordable. Kind of
(38:55):
affordable when I say million dollars. But you know it's
not like you're just going to roll up with some
cash and go here, we go pay for that right now,
but just property and they'll be in just a moment.
It's nine minutes to.
Speaker 1 (39:07):
Five the one roof Qropity of the week on the
Weekend Collective.
Speaker 3 (39:14):
Yes, welcome back the one roof property of the week. Now,
do and look, do go and look it up. It
is Ruin. It's on the on the one roof website.
By the way, just to few want the bleeding obvious
one roof dot curted in z. It is ruer Carca
Bay in the Marlborough Sounds. It's six bedrooms, four bathrooms, bathrooms,
zero car garage. And there's a reason for that because
(39:36):
you have to get to it by boat. The house
is pretty big, three hundred square meters just under two
ninety five and it's it's got over one hundred and
fifty acres of pristine native bosh. Now, the prize is
going to blow your the price is going to blow
your way. It's got a beautiful water frontage. In fact,
Mike you were looking at We're both looking at it together,
(39:58):
and it is I mean, how do you describe it?
It looks just stunning, isn't it?
Speaker 4 (40:02):
Absolutely Yeah, it's absolutely amazing. Yeah, very jealous. I who
ever gets there.
Speaker 3 (40:08):
A beautiful boat house, very extended jetty. I mean it's
been photographed at full tide with the sun shining, but
it is. It's nothing short of stunning. And one would
have thought that it'll be what probably close to two million,
but apparently the estimate on the price is one point
one two million dollars. So I don't want to say
(40:31):
that's cheap, because money is money and you know, but
a million dollars in terms of what it's offering, and
Rukaca Bay is not particularly remote. It's looks like it's
about ten or twelve kilometers from Pickton along the same
sort of channel. But yeah, what did you? You should
pop down and put a bit on it.
Speaker 4 (40:47):
I'll have to get a boat first, but I do
think it looks like a great property, and that price
is actually staggering. I thought it was going to be
like ten when I saw the pictures.
Speaker 3 (40:54):
I mean, it is isn't it. I think, yeah, it's
absolutely beautiful. But the fact that it's got one hundred
and fifty acres of pristine native bush, what an incredible place.
And of course they're built quite a large house, so
it's so you can have all your mates to have
a barbecue and sit there and ponder how life is good. Anyway, Hey, Mike,
thanks so much, And if you want to check out
a spy property, dot coded and Z for that information
(41:17):
on insurance. Thanks Mike, Merry Christmas, Merry Christmas to you too.
We'll be back shortly with the Parents Squad.
Speaker 1 (41:23):
For more from the Weekend Collective, listen live to News
Talk zed be weekends from three pm, or follow the
podcast on iHeartRadio.
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