Buying guide

How much are property management fees in NZ?

If you’ve got an investment property you’ll have a few expenses - find out how much your property manager will cost

By Ben Tutty (Content Writer)

Last updated: 2 April 2024 | 4 min read

AI summary

Property management fees in NZ typically range from 7-12% of the gross rental income.

Property owners should also budget for potential extra charges, which can include:

- Finding and vetting tenants

- Healthy Homes assessments

- Quarterly property inspections

- Coordinating maintenance and repairs

Some companies offer an all-inclusive higher rate, while others have a lower base rate with these additional costs. A good manager can save time, reduce vacancies, and ensure legal compliance, making it a worthwhile investment.

Property management fees explained

What does a property manager do?

Marketing your property and helping select tenants

Screening and vetting tenants

Managing the end and beginning of tenancies

Collecting rent

A good property manager will save your plenty work.

Organising maintenance and repairs

Ensuring your property meets all relevant regulations

Performing property inspections

Providing expert advice

Is property management worth the fees?

Author

Ben Tutty

Content Writer

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