She Went Looking For A Shed And Became A Landlord [Case Study]

Nicki went looking for a shed to store her vehicles. It came attached to a three-bedroom house and a one-bedroom flat. And just like that, she was a landlord. In this Case Study Sunday, Nicki shares how she built, split, and rebuilt a portfolio ... and what it taught her. You’ll learn: How she became a multi-tenancy landlord by accident on day oneWhat it takes to keep investing even after a separation How your property portfolio should change over the decadesThe lesson? Property isn’t one strategy for life. How you invest young, mid-life and near retirement should look completely different ... and that’s the point. Want to share your story on Case Study Sunday? Send us a message, email ⁠⁠[email protected]⁠⁠ mailto:[email protected] ⁠⁠Let us know your thoughts by leaving us a voice message on the Property Academy Hotline⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.speakpipe.com/PropertyAcademy For more from Opes Partners: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up for the weekly Private Property newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.opespartners.co.nz/newsletter-sign-up⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://www.instagram.com/opes_partners/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠ https://www.tiktok.com/@opespartners

• 0:08Speaker 00

  Hello and welcome along to the Property Academy Podcast by Obus Partners. I'm your host, Tim McKnight.

• 0:12Speaker 01

  I'm Mitch Nichol.

• 0:13Speaker 00

  And this is the show that helps Kiwis go from zero to five investment properties. So you can be financially free and stick around for the next 15 minutes because you're going to learn how this investor went looking for a shed and accidentally became a landlord, what it takes to keep investing even after a separation and how your property portfolio should change over the decades. And to walk us through this case study Sunday, we're joined all the way from Tarunaki by Nikki. Nikki, welcome along to the show.

• 0:39Speaker 02

  Thanks guys for having me. It's nice to see you.

• 0:41Speaker 01

  Now Nikki, I want to hear about the shed and accidental landlord situation. I always talk to investors about becoming accidental landlords, but normally that means they move out of their house and rent it out. How do you buy a shed?

• 0:53Speaker 02

  Yeah, long story. My partner at the time were double income, no kids. So we were dinks and we had lots of toys. We met riding motorcycles. So I had six motorcycles. He had quite a few plus vehicles. So we always needed more storage and we were looking for a shed. Friend came along with one private sale and we were like, oh yep, 150 square metre shed, but it came with a three bedroom house and a one bedroom flat. So yeah, we bought that private sale and became instant multi-tenancy landlords.

• 1:23Speaker 01

  And when you bought that, did you just rent it out as a normal rental? How did you piece it all together?

• 1:29Speaker 02

  Well, this was one of our first challenges. They were already tenanted. So there was a gentleman in the flat, a lady with her kids in the house and somebody already leased the shed. So it was already full with somebody else's stuff. So we took on the lease, we took on the two tenancies and, and went like that. So we didn't have to find any of the tenants. We just took it on as is. We knew the guy that sold it to us. So we just kind of kept going how it was.

• 1:53Speaker 01

  Was, was it hard to get finance on something like that?

• 1:56Speaker 02

  No, I guess back in the day it was 2015. There was a lot less of an issue with, you know, servicing and that type of thing. I was working at a bank at the time. So that probably made it easier. I just, I just went next door to the personal banker and was like, hey, can I have some money to buy this shed? And because of the income coming in from it, it was cash flow positive. I guess they were just like tick, tick, done.

• 2:19Speaker 01

  And did you have plenty of equity in other assets to be able to kind of bolster up the, the LVR on this one?

• 2:26Speaker 02

  Yeah. So my partner at the time had his house that he bought at 19 and we were, you know, we were a bit older by then. So there was pretty much zero mortgage on that property. So in terms of those tests that we now have, we would have passed with flying colours.

• 2:41Speaker 01

  And so what does a shed cost to buy like that?

• 2:45Speaker 02

  Well, in 2015, it cost us 400,000. So it was, you know, 870 square metres of land, which had the, the shed, 50 square metre flat, one 20 square metre house just already there. So.

• 2:58Speaker 01

  How many motorbikes you need to have to be able to justify spending 400 grand on a shed rather than just storing it at Storage King?

• 3:08Speaker 02

  Well, not that many, but if you ask a motorcyclist, how many motorcycles do you have to have? The, the question is, is number plus one. So if, if you're a petrol head, like I grew up in West Auckland, if you're a petrol head, you can never have enough vehicles if you're into motorsport. So.

• 3:25Speaker 01

  Do you know, I was on a plane the other day coming down from Auckland to Christchurch and I met a guy who's like, oh, I've seen you on YouTube. Anyway, comes over, nice enough guy, sits down next to me, has a chat the entire flight. All good, all good. This guy had like a hundred cars. I was like, how do you have a hundred cars? Anyway, loved buying them and selling them. I mean, maybe he'll have his own car academy podcast or something. Now, I know there was some challenges though, having the two tenants on the site and you had to manage this. I've got to hear about it.

• 3:56Speaker 02

  Yeah. So I guess being a multi-tenancy landlord, you've got the challenge of the, the RTA, which describes or Residential Tenancy Act, which says that you have to provide the right to quiet enjoyment. And when you've got two tenants on one property, you've got to provide their quiet enjoyment to each other. And you're actually legislated that you have to do that and step in if there's a, an argument or a neighbour's at war situation, you've got to keep the quiet and the peace. So you've got to make sure that the two tenants actually get along. And sometimes, you know, someone leaving some rubbish out or someone not doing this or it's not what you think. It's not the loud noise. It's not the, the usual issues that you actually have with multi-tenants. It's the tiny little gripes. It's the pet hates. It's the, you know, like personality clashes that you've actually got to, to think about a little bit more.

• 4:41Speaker 01

  Do you know what? One of my boarders, Eliza Nichol, she's causing me quite a lot of stress and stopping me from having quiet enjoyment of my life at home as well. I wonder what steps I can take there.

• 4:53Speaker 00

  Unfortunately, she's not, she's not paying you. So she's not technically your tenant. So you wouldn't be able to do that. So how do you manage that right? Because I imagine the issue is that if you own your own house and you've got an issue with your neighbour, you've got two choices. You either get over it or you go and talk to them. Whereas if you've got a landlord like this situation, you can just call up Nikki and say, Nikki, can you tell this other person they need to do this? So you almost become the, the go between, the conduit between the two of them.

• 5:22Speaker 02

  You do and you are. And sometimes you have one person coming to you and another person coming to you and you actually hear two stories. So you, you become the adjudicator and really got questioned who you believe. You might have a bias towards one particular person towards it rather than the other. People might have their own quirks. I had one situation where one tenant came to me because they could hear screaming in the middle of the night and it was waking their child up. And the tenant next door was like, well, I don't know what's going on. And the other tenant was like, no, this tenant is like screaming in the middle of the night and waking my child up. And it turns out like she was on some medications and they were like some kind of night terror, like medically induced, like screaming in their sleep, waking the other tenants up. And of

• 6:06Speaker 02

  course, that's my problem. So how do you broach that conversation with the person who doesn't know they're doing it? So in the end, we convinced their, like this was an older lady, she was retired. We convinced their daughter to take this on board and she actually stayed in the flat with her for a while to see what was going on and actually acknowledged, okay, she is screaming in the night and what can we do about it? So they ended up going to the doctor, changing medications, all sorts of stuff. But yeah, I had to get involved in that and broach those conversations. Like, hey, you're screaming in your sleep.

• 6:36Speaker 01

  How did you figure out that it was medically induced night terrors?

• 6:40Speaker 02

  Landlords are amazing things. We are, we are adjudicators. We are debt collectors. We are, you know, you wear so many different hats. It's crazy.

• 6:50Speaker 01

  Next time Angie gives you a hard time about snoring, you just tell her she's got no business talking to you like that. But do you know what? She's actually so, so good. She's like, well, you can't control it. So Angie puts on noise cancelling headphones at night when I'm, when I'm snoring, right? And so maybe, maybe that's the other solution. You know, rather than talking to old Doris about her night, night terrors.

• 7:13Speaker 00

  Not talking to her. Here's some earmuffs. Sweet dreams. And so obviously after this, you think, right, I'm sick of these multi-tenancies. How's your portfolio grown from there?

• 7:24Speaker 02

  Yeah. Well, we realised that the, the multi-tenancy was so cash flow positive. Like we were pulling money out of it from the get-go. We've never put a cent in. And it was so cash flow positive. My partner at the time started looking for other, other places and came across this block of three flats, 52 square metres each, just on one title. And we, we managed to score that in the same year in 2015 for 426,000. So, you know, it's, it's good money back then.

• 7:52Speaker 01

  Now you keep saying partner at the time. Are you not together now?

• 7:56Speaker 02

  No, we did separate early 2025, which is, you know, caused a few more challenges in terms of having everything joined together. Yeah. So de-establishing is, is quite interesting versus establishing things together.

• 8:09Speaker 01

  How do you unpick stuff like that? Because it might be that you want to keep those assets, but he might not or vice versa. And, and, and then if you keep them, now you've got tenants at war, but you've also got partners potentially at war over time. So how do you navigate that?

• 8:24Speaker 02

  Yeah. I think the, the aim of the game with everything is just keeping everything as amicable as possible. Everything was under our, our own name. You know, there was no business. There was no LTC or anything like that. So we had to just unpack what we had, what we wanted and what we needed to get rid of. So it was just a case of, I asked to have, you know, the block of flats. We decided that we would sell the, the other properties that we had and use that to pay off the mortgages and just change things around. So it was really just a negotiation at the time and just what suited and what could sell.

• 9:00Speaker 01

  And what happens if one of you wants the same asset? How do you, do you flip a coin?

• 9:05Speaker 02

  We didn't have that situation, but like, I suppose if it was me negotiating it, I'd probably just say, well, if we can't come to an agreement, we'll just have to sell it. But I love podcasts, as you guys know, and I listen to a lot of like separation podcasts and things like that. And the one thing that I learnt was that, you know, some people can, can throw a hundred, $150,000 at lawyers over years and years and years in terms of separations, especially when it comes to things like this, or even family situations. So it's better to be amicable and work with each other every single time.

• 9:37Speaker 00

  The other thing I wanted to ask you about, and tell me to bugger off if this is too personal, but I also know that you're self-employed as a property manager, right? And so if you've got some properties that you're managing, that business can also be worth a reasonable amount of money, like quite a bit of money. So I imagine if this is also your income, you'd not only want your block of flats, but you also want to retain the right to this business that you've built as well. How does that factor in?

• 10:04Speaker 02

  Yeah, we were both self-employed at the time. So it was just agreed that we took our own respective businesses. Yeah. And, and how they looked like, it wasn't a short relationship. It was 17 years. So. Like, we're more friends than than anything. Like, you can't, you can't not be friends after, after that length of time.

• 10:24Speaker 01

  And I think that, like, if you think about the way that the businesses are operating, lot of value in a business sometimes, who's actually operating it? And if you're not operating it, there's not the same value. I had a friend who was a restaurateur and when he separated, his partner wanted to take half of the value. And he said, well, that's fine, I'll just, I won't work anymore. There's no value in it if I don't work. And so that, of course, makes it a lot harder for people to actually come to a, a fair way of separating out some assets so that everyone's kind of looked after. Another strategy actually that I'd, that I'd heard, which I thought was quite good, is if you're gonna make an offer to buy an asset, the other party has the right to offer to buy it for $1 more.

• 11:05Speaker 01

  Now, that guarantees that I make a fair offer because if Ed's gonna give me $1 more and, and buy it off me, well, I'm not gonna lowball him because he'll just lowball me.

• 11:14Speaker 02

  Hmm, that is interesting. And yeah, I like the, the thought that you are most of the assets, save my property management, it was just me. His business was a contracting business, so it was just him. So it made a lot of sense. If it was different, if it was something that we'd built and established over time, which had employees, that had, you know, things like that, you would, um, yeah, you'd have a lot more of a challenge. Yeah, but for us, luckily it was simple.

• 11:37Speaker 00

  One of the questions a lot of people ask is, is it still possible to grow a property portfolio in 2026 on a single income? Now, taking that step back from two incomes to being a, a single mum on the, the one income, that could make it quite difficult. But you were still able to invest and grow your portfolio. What happened there?

• 12:00Speaker 02

  Yeah, so I made a few changes in life. So as you guys said, I had a property management business, I actually sold my rent roll. So wound that down a little bit, sold the rent roll, which gave me a bit of cash flow. Took a job, so I'm currently at work at the moment on my early lunch. And obviously self-employment is a lot harder to get lending, so having a salary super much, much easier. Had a bit of cash flow from selling the rent roll, which helped a lot. I still contract. I do casual inspections and things like that, so I keep the business going to, to help with that and do things on the side. Always people, people always talk about a side gig or a side hustle. Completely agree that that's important to keep things going.

• 12:42Speaker 02

  And then making sure that you've got the right lending or, and right broker beside you to, to help you get things across the line when you really need to.

• 12:50Speaker 01

  How have you navigated the lending side of things since then?

• 12:53Speaker 02

  The benefits of using, I'll, I'll use Pete from Opes Mortgages, but he's been absolutely amazing. He had Plan A, B and C when I looked at buying my house this year, and we ended up with Plan D, which he hadn't even factored for. So the challenge was with the, the separation, having to get things across the line with the main banks. It was really difficult because we still had lending on the rentals before the ones that we'd planned to sell actually sold. Such as low markets, such as love to sell, but ended up with multi-offer on the last day that we were having them listed and sold two of them instead of one. So that by the buy, we were, you know, we had over a million dollars' worth of lending and I couldn't get lending from, from a main bank with that lending hanging over me that was joint when you were measured individually for it.

• 13:38Speaker 02

  So I ended up going non-bank lending to get my house. And then four months later, actually refinancing it once those properties sold and we cleared that debt as well. So forever evolving and, you know, working with someone like Pete, the poor guy, has worked his butt off for the last, you know, six to nine months for me to get me across the line with my own house.

• 13:57Speaker 01

  I think it's really important for people to understand that sometimes the non-bank lending options are great for just a kind of a bridge or a band-aid. Because if you think about your situation, you've got lots of lending in joint names. Now, because of the way that the mortgages are structured in New Zealand, you're jointly and severally liable, which means the bank says you're 100% responsible for all of that debt, even though your ex-partner's still, you know, responsible as well. And so that, that limits what you can borrow because who's got the money to fund all of that and then some extra? So if you're using a non-bank lender who might be a bit more pragmatic to be able to get it across the line, but then you sell those assets as you get the right value

• 14:39Speaker 01

  for them, then you pay down the debt, it just kind of, yes, it might be a higher interest rate and yes, it might have higher fees, but it's only for a short period of time.

• 14:47Speaker 02

  Exactly, and, and that's the approach we took.

• 14:49Speaker 00

  And Nikki, I imagine you were quite upfront with your, your non-bank lender and they knew that you were gonna be there for a short time. What sort of fees and interest rate did you have to pay? Because if it's just for four months, which is not that long, right? Some non-bank lenders will say, well, that's not worth getting out of bed for.

• 15:05Speaker 02

  Yeah, we ended up going with base court, which I wasn't too familiar with. And they just had a fixed fee to establish it. It wasn't a percentage, it was, it was a fee, which was great. It was a lot cheaper. I was expecting a horrific establishment fee, but it wasn't, it was quite cheap as far as I was feeling. And then Pete had already pre, preempted them that we were probably going to refinance within two years. So he'd negotiated for me, to his credit, he'd negotiated for me that when we did refinance away and pay it off, that we wouldn't be charged a penalty for paying it early. So props to Pete, he, you know, negotiated well so that it wasn't going to cost me knowing that we were going to do it. So, um, yeah, it was a lot cheaper than I was expecting.

• 15:48Speaker 00

  That's a really good example of why I use a mortgage advisor, eh? Because I mean, I never would have thought, you know, as a layperson, do you know what I'm gonna do? I'm gonna go to base court for, for three months or four months, whatever, because

• 15:59Speaker 01

  Tie me over.

• 16:00Speaker 00

  And then, and then we're gonna refinance out. I mean, maybe some other investors are smarter than me, some mortgage advisors out there will say, exactly, that's right, of course, of course, that's what you're gonna do.

• 16:09Speaker 01

  Now, I know that you're an avid member of the property investment community and things like podcasts or, or the associations, that's all been helpful for kind of getting you through probably this, but also knowing how to navigate the different ways of making money through property. Tell us about your journey there.

• 16:27Speaker 02

  Absolutely. The first thing I did when we bought the shed and house and flat was join our local property investors association. I had a, a friend of a friend who was on the committee and they said, come along, listen to the meeting. And the first thing I did was come along, listen to someone speak and be like, okay, I do not know anything and this is difficult. We wanted to self-manage because my partner had an issue with a property manager previously managing his house when he lived in Auckland with me. And we were self-managing, so I went along, learned absolutely everything, all the tools of the trade from like-minded people at the association, being able to ask them questions, phone numbers I could ring if I had an issue. And the support that I got, you know, really set me up super well. They asked me onto the committee, so I joined that.

• 17:12Speaker 02

  And then you have on speed dial, like the 10 best investors in your region to just talk to, you're meeting up with them weekly, sometimes monthly, and it was fantastic. Plus you got to, to meet people like yourselves at dinnertime before we had meetings, meet all the speakers and, and things like that. So really, it was, it was the best education you could have.

• 17:29Speaker 00

  And that meant that you eventually went on to win the Tarranaki Regional Property Manager of the Year and also Landlord of the Year through that. And one of the things we were talking about just before we hit record is that this idea that you have that a portfolio should evolve as you do, can you just unpack that for us a bit?

• 17:48Speaker 02

  Definitely. Like, we started out as, as, as dank, stable income, no kids. We had cash to burn, I had a corporate job, Franz was, was contracting, making lots of money. So we could invest, we could buy the properties. If something came up, like the second, the block of flats came up, the same year we bought the first and the bank said yes, because, because we could. I actually quit my job so that we could go through IVF and, and do the fertility thing because they said less stress makes things better. So we were at the point where we could have rentals, I could quit my job, work on, like, live on one income and be able to establish a family. So because we could be more hands-off like that, it, it worked. We started out renovating, we started out, you know, generating more value in properties when we had the time.

• 18:32Speaker 02

  Then when we didn't have the time, we were focusing more on family, we still had the income coming in. But now things are a bit different. You know, my income is down and I still need to look at my retirement. So what we need to do differently now is I need to be more hands-off. I'm not renovating, I'm not doing other things, I'm limited on cash. How do I invest differently now so that I can still achieve the same goal that I wanted when I was, you know, 35 and, and racing motorcycles at national level, you know? It's, it's a bit different.

• 19:01Speaker 01

  Yeah, it's funny how people feel like there's only one way of getting ahead through property and that's the way. And if you do anything else, you're an idiot. And it absolutely does change over time and, and there are so many different ways. I was just talking to investors the other day about relocatable homes. Well, they should probably do a show on that in, in the not too distant future because he's offered to come on, on the podcast, but he's like, man, it's so, like, it can be lucrative, he's like, but it's so much harder than I expected it would be. But again, if he makes some money off it, we wanna hear about it.

• 19:31Speaker 00

  It's funny you mentioned relocatables. I remember going to a property investment seminar with Matt Gilligan, right? Who's been, been in, in property for, for just forever. And I remember hearing him talking about that. Yeah, cool. So what I did was I bought this, this property with a bit of land and I just moved two houses on.

• 19:47Speaker 01

  Oh, easy peasy.

• 19:49Speaker 00

  I'm sure, you know, because he, he's very experienced, right? It's probably easy once you've done it 20 times, right? But I thought, oh, wow, it's probably not quite that easy. Nikki, is there anything else you wanted to talk about? Sometimes people say, oh, I wish you'd asked me about that.

• 20:02Speaker 02

  Not really. I think the one question that I always get asked, because I, I have done a little bit of speaking after winning the landlord of the year and things like that. The one question everybody always asks me is, what would you do differently? If, you know, you started again, what would you tell your, your past self? And it would be, don't put off to tomorrow what you can do today. Like, if you can buy a property today, buy it. Because if you can service it now, if you can afford it now, if everything works now, do it. And, you know, buy as much as you can, when you can, because later on down the track, you don't know if you can. Obviously I've lost an income stream, I've lost, you know, other things, so it, you know, and I'm older, I don't have that much time before I retire. So for me to be able to invest now like I invested back then, I just couldn't.

• 20:45Speaker 02

  So do it early, give yourself that, that lead up to do it and make life more comfortable because I'm a lot more comfortable now, thanks to the investing that we did in 2015. The separation went a lot easier because we invested. You know, I've been able to buy myself a house and not that many women can actually go out of a relationship and, and say that they can do that. So, you know, I'm thankful to my, my past self for doing what we did. And if you can do it earlier, do it because it's, it's important to yourself and your future self.

• 21:14Speaker 00

  What a great story. Well, thank you so much for coming on the show, Nikki. And for all of you out there who've been listening like Nikki for the last five years, but haven't yet come on Case Study Sunday, I want to hear your story. Send me an email at [email protected]. I wanna get you on the show because over the last 15 minutes, you've learned how this investor went looking for a shed and accidentally became a landlord, what it takes to keep investing even after a separation, and how your property portfolio should change over the decades, right? Let's wrap it up there, but please don't forget to rate, review and subscribe to the podcast, really does help us get the message out to more people.

• 21:54Speaker 00

  Thanks for listening to the Property Academy Podcast. I'm your host, Zeb McKnight.

• 21:57Speaker 01

  And I'm Andrew Nichol.

• 21:58Speaker 00

  We're gonna be back again tomorrow with even more daily strategies, tactics and insights to help you get the most out of the New Zealand property market. Until next time.