Rent Setting
Rentagain indexWarnings
► Rents, with capital growth, must pay costs
► Local "markets" set rents
► Excessive rents attract only costly tenants
► Low rents destroy rental businesses
► Rents cannot be reviewed within 12 months
Many rental properties fail to pay interest due to replacements and refurbishments.Good tenants accept fair "market" rents .
Local markets set rents
● Tenancy services*
● TradeMe
● Facebook's rental property groups
● NZ Property Investors Federation
● Local property managers' websites
● Local newspapers or notice boards
● Other local tenants and providers.* Tenancy Services guides for rents can be unreliable for many areas.