Free advice for Landlords - ask our property experts a question
Do you have a property investment question you want answered? The Ask an Expert section is a free service provided for property investors in conjunction with a panel of selected property experts.
Please note that questions should be of a general nature about property investing and your question and the subsequent answer may be published in the NZ Property Investor magazine. There is a limit of ONE question per submission. We will use our discretion whether questions are published and we reserve the right to paraphrase your comments for our experts.
Before you send in a question, please read the Ask an Expert archive thoroughly. There is a chance that your question may have been previously answered and it will be listed there.
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Property Management
Ask Bernard Parker from Quinovic Property Management questions relating to property panagement
Quinovic's outstanding people and systems provide the most professional, effective and reliable residential property management service in the NZ market for over 30 years.
Last answered question:
Renting out sleepouts
What constitutes a separate unit being rented out with regards to sleep outs? Does a sleepout need to have a stove, kitchen sink, bathroom for it to be a separate unit? That is a self contained unit. Thanks.
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Finance & Strategy
Ask Kris Pederson, director of Kris Pederson Mortgages questions relating to Mortgages, Finance, and Strategy
Kris is a respected commentator on the property and finance markets in New Zealand and overseas. He spends his time working closely with his support team sourcing clients leading edge finance strategies.
Last answered question:
Gains or yields?
I have $250,000 to invest in what will be my first investment property. I live in South Auckland and my goal is to have a good passive income in about 10 years’ time. Do you think I should buy a more expensive property house in a more central Auckland suburb, or even Mangere Bridge, for capital gain? Or would it make more sense to buy two cheaper properties in South Auckland which would produce higher yields?
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More Questions & Answers about Finance & Strategy »
Apartments
Ask Aaron Tunstall, owner of Impression Real Estate, questions relating to apartments.
Aaron Tunstall is the owner of Impression Real Estate, specialising in sales, building and property management. Impression has been awarded property management company of the year three times.
Last answered question:
Small apartment development
I’m lucky enough to be able to develop the section my family home is on. I have invested for years. However, this is likely to be my biggest project to date and I quite honestly don’t know where to begin. I’ve been told by a house building company that we could get up to 10 of their terraced town houses on to it. However, I’m curious as to whether we could build apartments and, if so, are they cheaper to build or could we get more on? Also, what companies build smallish apartment blocks in Auckland? Can you recommend anything I could read or do I just start with council? Thanks for any help you can give.
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Tax/GST/LTC
Ask Mark Withers, director of Withers Tsang & Co questions relating to Tax and Asset Structures
Mark Withers and his team at Withers Tsang & Co specialise in advising on property related transactions, valuation and restructure services and tax planning.
Last answered question:
I'm about to inherit 1 residential (bought 5+ yrs ago, may be owned under their names) & 2 commercial properties (bought 5+ yrs ago & in 2021, under their LTC) from my retired parents.
I own a residential property (recently bought new build) and work.
I could sell their residential, buy another, then rent out my residential (or sell it).
I'd like guidance on how best to structure this for title transfers, bright-line test, & tax please. Eg. set up my own LTC and transfer everything to it?
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Tax/GST/LTC
Ask Matthew Gilligan, managing director of Gilligan Rowe + Associates, questions relating to tax, trusts and finance.
Matthew heads GRA's specialist property and asset planning division. He helps clients create optimal tax structures and build wealth through property. He has an extensive buy-to-hold property portfolio, is currently involved in over a dozen developments, and is author of two books - Property 101 and Tax Structures 101.
Last answered question:
I'm about to inherit 1 residential (bought 5+ yrs ago, may be owned under their names) & 2 commercial properties (bought 5+ yrs ago & in 2021, under their LTC) from my retired parents.
I own a residential property (recently bought new build) and work.
I could sell their residential, buy another, then rent out my residential (or sell it).
I'd like guidance on how best to structure this for title transfers, bright-line test, & tax please. Eg. set up my own LTC and transfer everything to it?
Read on...More Questions & Answers about Tax/GST/LTC »
Insurance
Ask Rene Swindley, CEO of Initio Insurance, questions relating to insurance.
Rene is the founder of digital insurance platform Initio, which is about insuring houses online in real time to provide a faster, smoother and customer-first approach to property insurance.
Last answered question:
Lost income claim
Just before level four of the Covid-19 lockdown, my tenants legally moved out. My house then remained empty during level four and three. Level two was very slow and likely tenants were reluctant to come and view so it still remained empty. I looked at my insurance policy to see what the term "loss " meant. Have I got any way I can make a claim for loss of income due to Covid-19 ? The term "loss" by my insurance company is defined as "physical" loss and not monetary loss.
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