Tenants more punctual
Auckland’s housing shortage is proving good news for landlords looking for punctual payment.
Today’s tenants are more likely than any previous generation to pay their rent on time, a major study by the Auckland Property Investors Association has found.
Eight hundred and fifty association members were polled and 74.2 per cent said they had no money owing from their tenants.
Association president Andrew Bruce said it was the best result ever recorded for rent payment and reflected the tight housing market in the region.
‘‘It’s well documented that Auckland has a shortfall of 40,000 houses,’’ he says.
‘‘Tenants value their accommodation and, equally, landlords value the commitment their clients have to making the relationship run smoothly.’’
The result would likely have been higher if the survey was worded differently, he says.
‘‘What you’ve got to remember is ... people might have multiple properties.
‘‘So they might say ‘Yes I’ve got some money owing’ but that could be across a portfolio of two or three properties.
‘‘We could have asked the question a bit better and the answer would have been higher still.’’
The survey found 3.6 per cent of landlords had tenants who were less than a week behind in their payments.
A study has shown today’s tenants are more likely than any previous generation to pay their rent on time.