Some landlords losing an average of $1000 a week

Losses made by residential landlords whose tenants had reneged on rent amounted to an average of $1,059 last week, the NZ Property Investors' Federation said today. The property federation, which represents about 7,000 residential property owners and managers across the country, said 6 percent of tenants had already left their rental property and another 2 percent had stopped paying rent during the first week of the covid-19 lockdown.A survey of 621 property owners and managers, managing a combined 6,056 residential properties, showed that...