I feel like we spend a lot of time talking about running our properties like a business rather than a charity and getting reimbursed for our costs, that we risk rousing our inner-Ebenezer who has nothing better to do than to claw back every single pitiful cent that is rightfully ours. Â
Not to say I am not a subscriber to this particular school of thought. Â I am a big fan of wealth accumulation as much as the next APIA member. Â But just as I would not advocate risking the wrath of the IRD by way of tax evasion, no matter how clever, I am not about to encourage you to willingly present your hindside on a silver platter for a round of Tenancy Tribunal spanking. Â You may not care about Tiny Tim’s death but you sure as hell will care when The Ghost Of Tribunal Yet To Come relieves you of 1,000 of Kiwi dough. Â
I guess what I am trying to say in a very long-winded way is, guys, you gotta know when to stop. Â
A member asked me today, ‘Hey Ho APIA!* Â Can I charge a letting fee when I let out my own property? Â I have costs to recover.’Â
I can totally see where she was coming from and being the lap dog that I am, I really wish I could say to her, ‘Yes! Â My dear. Â By all means, charge away! Â When the money flows out of your purse, squeeze, squeeze, and squeeze some more.’ Â Alas, my fervent enthuasism was gagged by s17 of the Residential Tenancies Act. Â Section 17 declares the charge of key money as an unlawful act which entitles your tenant to apply for,...


