I draw attention to this article on Stuff.co.nz.
I should state now I am not a landlord - and I'm glad of that.
Why would anyone be a (residential) landlord when your investment is completely controlled by the government.
You cannot rent to whomever you choose (without justifying your decision if someone non-white is rejected).
You cannot visit your property or control your property without meeting conditions agreed to by your tenants, even if those tenants have not met their obligations.
You cannot rent without first bringing the property up to standards far greater than many, if not most, normal people happily and healthily live in.
You cannot eject your tenants who are causing damage when you first notice that dam,age without involving seriously biased civil servants and now, to justify the civil servants payroll (I can see no other reason for the proposed changes to legislation) you must ask those civil servants' permission before you take back possession of your property.
According to the something-for-nothing crowd (including the CoL) New Zealand has a shortage of residential properties and yet they put more and more impediments into residential rental ownership.
If the State was filling the gap (without use of very expensive motels) there may be justification for this.
It's not and there isn't!
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