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it sounds like the condition of Premier house is actually pretty bad. (www.rnz.co.nz)

submitted 8 months ago by [email protected] to c/[email protected]

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Cold, draughty, doesn't meet Healthy Homes standards, and in need of extensive renovations. It sounds like the place is pretty tired.

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[–] [email protected] 3 points 8 months ago (1 children)

I suspect his rental properties will be in better condition than Premier house actually, mostly because a lot of landlords prefer to have a better quality property, in good condition, as you tend to get a better standard of tenant.

Owning and renting the bottom of the market as a landlord means you're also dealing with the bottom of the market with your tenants, from my understanding.

[–] [email protected] 5 points 8 months ago

It probably depends on the specific properties. But you're right, there is definitely a group of landlords that have higher quality properties, but I also know landlords that just buy any old property, hand it over to a rental agency, and do nothing but the minimum legal requirements.

It could go either way really.