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  • Profile photo of zanis1zanis1
    Member
    @zanis1
    Join Date: 2003
    Post Count: 70

    Hello all,

    we have heard from our handyman in Wellington NZ that there is now a concept of “Rent Auctions” in NZ. It seems that people go to auctions to bid the highest rent amount in order to get the tenancy!

    Has anyone heard of this ? I searched google but only came up with one entry in the politics forum.

    [email protected]

    Profile photo of Nelson4uNelson4u
    Member
    @nelson4u
    Join Date: 2003
    Post Count: 3

    Some one must have been copying me. I carried out a rent tender in Nelson NZ about 6 months ago and wrote about in my newsletter.
    I showed each person through as normal and got them to make their best offer.
    It sure caused a bit of bad comment by some of the tenants around towm. I got $340 per week for a property that had previously been $260 so that is a fairly good result.
    I have only done the one. but I have left a section on the bottom of all application forms for the rent amount and bond amount that the tenant is prepared to pay. I always try and show properties to batches of prospects so they all know they are competing with someone else.
    I often get tenants saying they will up the bond or rent. Works a treat and cost nothing.
    Glenn

    Profile photo of zanis1zanis1
    Member
    @zanis1
    Join Date: 2003
    Post Count: 70

    Hmmm interesting..Nelson4u.

    I want to post an article or story on this to my web site. Maybe I could reference your newsletter? As a landlord I would be interested in this concept if it gave me the best deal. I think other landlords would be as well.

    Please email me if you are cool with referencing your newsletter.

    [email protected]

Viewing 3 posts - 1 through 3 (of 3 total)

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