An Auckland landlord facing a $42,000 bill to repair a damaged rental property has questioned whether it's worth being a property investor under new tenant-friendly Government laws.
She posted about her experiences on social media over the weekend, saying she recently gave her long-time tenant 90 days notice to vacate the property after he got behind with his rent.
But when he finally moved out, the landlord discovered he had left behind walls covered in graffiti and mountains of trash.
She was forced to hire five skip bins to take away the trash and told it would cost $42,000 to fix up her home.
It has led her to question whether renting out properties was worth the time and effort.
"With the changes Mr Twyford proposes, it makes this seasoned investor question if it's still worth it," she wrote on the Property Investors Chat Group NZ.
It comes after the Herald last week revealed how Auckland landlord Nina Zhao found illegal tenants subletting in her $2 million St Helier's home, only to be told it could take weeks to evict them.
Zhao, 34, said she had originally rented her four-bedroom home as a rental to one tenant, who then sublet it to four other families who left it in a state "like a rubbish dump".
The landlord facing the $42,000 repair bill for the recently damaged property told media outlet Stuff that her former tenant had run a business from the property, which included a 4300 square metre shed and attached flat.
He had been renting the property since 2007 and was paying $540 a week.
October 01, 2018, 7:55 PM by Admin
