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.
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.
GlennHmmm 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.
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