Select Committee green lights tenancy law reforms

Original Article HERE

Extreme disappointment is the response of property professionals to the Select Committee report on the Government’s proposed tenancy law reforms which was released this week.

Friday, July 10th 2020, 4:58AM 

by Miriam Bell

NZPIF president Andrew King

That’s because the Social Services and Community Select Committee has elected to progress the proposal to remove a landlord’s right to use “no cause” 90-day terminations to end a periodic tenancy agreement.

It has also given the green light to the proposal which requires that fixed-term tenancy agreements become periodic tenancy agreements upon expiry unless both parties agree otherwise.

These particular reforms have been fiercely opposed by property professionals across the board since the Government announced the reforms contained in its Residential Tenancies Amendment Bill.

Property professionals say the reforms skew the balance between investment property owners and...

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Investor Mistakes: Too Big, Too soon

Investor Mistakes: Too Big, Too soon

By Arn Mehta

Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.

 
 

Property Investment isn’t always going to be ‘plain sailing’. It is hard work and it takes time particularly with a long term buy and hold strategy. And therein lay the problem. To me it was all about instant gratification. Patience was not one of my strong points and I felt there has got to be a faster way to financial freedom.

 
 

Let me share with you the “deal of the century”. The year was 2003 and I was only two years into my property investment journey. Because I had bought a few properties, I was starting to think I was 10 foot tall and bulletproof. The timing was perfect for an agent I knew well to say to me;

 
“Arn, I’ve got the deal of the century for...
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How To Have More Luck With Your Property Investing. by Graeme Fowler

Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.
 
People will often say to me, you were lucky that you got in at a good time when you started your investing, you couldn’t do that now. Or, it was lucky you found some good agents to help you find properties when you started, there’s too much competition from other investors now.
 
Roger Hamilton uses a word analogy with the word ‘Luck’, mostly with operating a business and comparing it to a game of soccer (football).
 
I’ve used it below in a similar way to show you how it works if you are a property investor and want to become luckier!
 
Location.
In the game of football, you may think someone like Christian Ronaldo or Lionel Messi is lucky in the way the ball is passed to them, and all they have to do is kick it past the...
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What’s The Real Estate Market Doing!!!!???? by Graeme Fowler

Disclaimer: Nothing is this article is meant to constitute financial advice of any kind, and is the opinion of the author only. Seek professional advice before making any financial decision.
 
If you’ve ever played the board game Cashflow 101 or 202, you will know that in order to win the game, the first thing you need to do is get out of the ‘rat race’.
 
The ‘rat race’ in the game is a circle where you keep going around and around and around until you are able to get out onto the ‘fast track’. This is where the game suddenly gets fast, exciting and a lot more money is made, but first you need to escape the ‘rat race’.
 
How do you get out of the ‘rat race’? You do so by getting to the point where your monthly cashflow without your job (passive income) is greater than your monthly expenses. There are a several ways inside the game to be able to do this, buying investment property is one of...
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Mindset by Graeme Fowler

Mindset
 
What do you think would be the biggest blocks to someone’s success in real estate investing?
 
 
Some may say their lack of experience, or funding issues, possibly not having enough agents to find them good properties, and others may say it’s the market itself - not doing what they want it to. All sorts of reasons as to what’s stopping them from getting what they want.
 
These all sound like they could be valid reasons they believe are holding them back, but personally I think it all comes down to just one thing – their own mindset.
 
I believe someone’s mindset and beliefs about certain things will either help them succeed, or prevent them from succeeding. When you have your mind set in a way that helps you rather than hinders you, everything seems to flow easily and effortlessly.
 
To give you an example of how this works, think of all the radio stations in Hawkes Bay that are now playing in the...
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