Monthly Archives: October 2010

Donald Trump is arguably one of the world’s more experienced wealth creators, and if you asked him the question as to what he believes is the best form of investment he would say property.

We, at Wealth Buy Property, understand why Kiwis love property – after all it is a tangible commodity. You can touch it, see it, live in it and people like the security associated with property.

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You can increase your depreciation claim by splitting the purchase price of your investment property into the various depreciation categories set by the IRD.

Many investors only claim nominal depreciation based on the value of the chattels assessed by a registered valuer. This value is assessed for finance purposes and will not maximise the depreciation claimable by the property investor.

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When one is engrossed in the daily running of a residential rental management business, you tend to lose sight of the needs of both parties to the contract.

Landlords are looking for tenants that will pay the rent on time, keep the premises neat/tidy and report needed repairs, do not damage the property, and do not disturb neighbours, in short, responsible tenants looking after the place as if it is their own.

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What ‘structure’ or ‘entity’ to place your investment property into is a common question we at Wealth Buy Property are asked – especially with new investors.

Each type of entity has pros and cons – listed below are the options available (check with your accounting specialist as to which entity option will suit your situation best):

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Well the Government did make some changes during the budget for us investors. These changes were nowhere near as bad as many so call experts were predicting. As I said in May’s Wealth Buy Property Newsletter, “not all is doom and gloom”.

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A most challenging period to commence with a rental management business was during April 2009. Critical questions were asked as to “Nobody else offered these benefits” and “You will not get adequate and quality stock”.

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There never seems to be any shortage of items to write about. Three months in our business never goes without incident or change. We, at Wealth Buy Property, got over the negatives of unscrupulous companies selling houses and apartments, then the recession last year.

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Like anything, prevention is always better than cure, so there are some basic tips for Landlords to practice when looking for the ‘right’ tenants to lease their property helping to minimise future potential problems, Wealth Buy Property explains:

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