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Best flats attract best tenants

Terrible student flats are good fodder for the media – pictures of filthy bathrooms or rotting carpets littered with beer cans have become a bit of a cliché.

Tuesday, October 16th 2012, 12:00AM

by The Landlord

The winner of the best flat category

So it was good to see that while Otago University students named their city’s worst student flat last week, they also recognised some of the good landlords and best flats.

They also aimed to educate students about their rights and responsibilities when it comes to rental properties.

A spokesman from the university’s students association said that the award for best landlord was the category with the most nominations. Students wrote praising landlords who insulated their properties and kept them safe, healthy and warm, without hiking rents to unreasonable levels.

It was said several times that students were more likely to treat a property with care if it was in a reasonable condition at the start of a tenancy, and if the landlord or property manager was keeping an eye on it.

A landlord who seemed not to care about the property was more likely to land tenants who felt the same way.

The tenants of the winning landlord, David Ojala, wrote: "A landlord's duties should not just stop at receiving money and handing us keys (but unfortunately, for a lot of flats, this is the case). He really does go the extra mile in being, simply, a good guy. He mows the lawn when it starts to get a bit over-grown. He pays for one of those green envirowaste bins because honestly, it costs him next-to-nothing and he knows students just don't buy DCC rubbish bags. When we moved in, he noticed a few of us were quite tall and installed higher shower fixtures. We invited him over for dinner at the beginning of the year and he baked us cookies. If anything breaks, he's over within a day or two to fix it."

While we're not suggesting everyone starts baking, it's a reminder that investors wanting to get the most out of their rental properties should not just look at the financial return.

Auckland Property Investors Association president David Whitburn often says that maintaining properties to a good standard is part of protecting an investment – and it certainly seems true in the case of the Otago students.

« Tax decision will concern investorsRent arrears: Who should pick up the bill? »

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.79 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.79 6.65
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 ▼8.09 ▼7.59 ▼7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 ▼9.09 ▼8.59 ▼8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.49 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.89 6.65
Median 8.64 7.29 7.32 6.65

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