Mega Landlords: The property king and queen of Ōpōtiki
Mega Landlords: The property king and queen of Ōpōtiki
Ōpōtiki may be a small town, but one couple owns 54 of its properties, and one property coach say such spots are increasingly attractive to investors.
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Other than three properties held in their names, the Donkins’ ownership is largely held under various companies, including C & J Donkin Enterprises Ltd, Tall Poppies Trustee Company Ltd, and Jardine Holdings Ltd, and the more creatively named I M Broke 2 Ltd, Filthy Rich Ltd and Who Cares Ltd.
I'm so glad Filthy Rich Ltd and Who Cares Ltd will get their interest deductability back so they can gobble up the rest of the houses in Ōpōtiki a bit faster
Actually fucking funny they used those names, they had to know it would make people like you angry.
Whilst mildly funny, it does show a level of cuntyness. I'm a little interested but not enough to look, I wonder when each company was created do the "funny" names come later?
It is not really what you want in the people who are housing others.
I mean, that many rental properties, and not one tenancy tribunal ruling against them? Clearly they're doing this by the book.
And despite this, they're still the villains of the piece merely for being landlords for some.
I read the article and really only the
clickbaitheadline paints them as the villain, though that does colour the perception of the reader for the whole article.I found it basically bashing speculators and contrasting them with investors, which I tend to agree with. If you are treating it as a business and treating your people well then your business will likely grow as a result. My read would be that these people are doing well, precisely because they are doing a good job.
I did find it funny that the 8 cases with the tenancy tribunal since 2000 when they owned 11 properties and now when they own 53, some of which will be multi-tenancy properties, shows that they are probably quite good at it. I'm speculating on that, but it seems like a low number considering the number of potential tenancies they have been involved with over the intervening 23 years.
From a business risk point of view.....I wouldn't put all my eggs in one basket like that, if a major event happened in that area they would be extremely exposed.
Yeah, that was my take as well, they seem to be professionals, and in it for the long run.
And the tenancy tribunal is typically in the tenant's favour, the burden of proof is usually on the landlord, so they wouldn't have that record at the tribunal if they weren't doing things properly.
Of course, being landlords, they'll be the villains of the piece to some people regardless of what they do.
Wow you're honestly like all the repetitive nastiness of the old NZ subreddit rolled into one. It's incredibly boring
🥱
Your "landlord bad" routine is also pretty tedious, to be honest.
They make it easy by being such total assholes
Is this you getting a fright from hexbear or Te Pāti Māori
Kinda like how the hexbear trolls knew their behaviour would rile you up.
Honestly your shtick is a bit dull.
Hexbear pissed everyone off, it's why we defederated.
Yeah, they were being dicks. All I'm saying is, it seems like you're all for trolling people you disagree with, but actually started a movement to block people from here because they trolled you.
There's a key difference between winding up one specific person, and flooding an entire thread with shitty gifs. I'm happy to actually engage with people willing to have an open discussion, but the person I originally replied to had no such intention.
Also they're kinda insufferable.