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Landlording like a parent

INVESTOR PROFILE: NZPIF 2018 landlord of the year Leilani Driessen says landlording has parallels to parenting and being a landlord has enabled her to be present for her kids.

Monday, December 17th 2018, 8:25AM 1 Comment

by The Landlord

Growing up in a Housing NZ home in Auckland, investor Leilani Driessen always knew she wanted to own her own property.

When she was only a teenager she’d point out house ads in the newspaper to her mum, saying “Mum, why don’t we buy this?”.

Leilani’s mum also dreamt of owning her own place, but as a single mother of two children on the Domestic Purposes Benefit, it wasn’t a realistic goal at the time.

Her mum did go on to buy a home in West Auckland when she was 50, which was “huge for our family”, but the drive to own her own place never left Leilani.

Her interest in property lead her to read property investment titles in her early twenties and it became clear to her that she wanted to earn a passive income from property sometime in the future.

So, in 2007, a year after she met her future husband Emil Driessen, they purchased a rental property in Tauranga.

But while the intent to grow an investment portfolio was there, the strategy wasn’t and Leilani calls the property “an emotional buy”.

Around the same time, Leilani’s mum passed away and her home was passed on to her two children and Leilani purchased her brother’s half of the Henderson unit from him.

She made plans to move to Australia with Emil with the aim of saving as much money as they could so they could return home with a house deposit for their own home.

After several years of working hard and saving as much as they, the Driessens returned home to New Zealand and settled in the Hawke’s Bay.

After eight months renting they bought their own home with the deposit they’d saved. They also still had their two out-of-town rental properties.

But after joining the local Property Investors Association, Leilani had a re-think and sold the two rentals – replacing them with three rentals closer to home.

She also took on the property management of their portfolio. And it has paid off: At the recent NZPIF conference, Leilani scooped the coveted title of landlord of the year.

To read more about Leilani’s property journey and landlording tips, click here to get the digital issue of NZ Property Investor magazine.

Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.

Tags: house prices housing market investment landlords NZPIF property investment property management tenants

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Comments from our readers

On 17 December 2018 at 10:45 pm Peter L said:
Well done.

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.14 6.75 ▼6.39
ANZ 8.64 7.74 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.14 6.79 6.65
ASB Bank 8.64 7.14 6.75 ▼6.39
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 - ▼7.14 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 ▼7.74 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 - ▼6.79 - -
Co-operative Bank - Owner Occ 8.40 ▼6.99 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 ▼7.49 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 6.89 6.55 6.35
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 ▼6.69 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 ▼7.99 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - ▼6.99 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 ▼7.74 7.29 6.59
SBS Bank Special - ▼7.14 6.69 5.99
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 ▼6.14 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 7.79 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 6.99 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - 6.55 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.35 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.75 6.65
Median 8.64 7.21 7.29 6.65

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