15 July 2024

Why Every Property Investor in New Zealand Needs a Property Manager

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Blog | Insights

Overview

Property investment is a great way to build long-term wealth in New Zealand, but managing a rental property can quickly become a demanding and stressful job. From keeping up with legal obligations and handling tenant issues to dealing with maintenance and ensuring prompt rent payments, the responsibilities can be overwhelming. Here’s why hiring a professional property manager is not only convenient but also a smart investment for anyone looking to succeed in the New Zealand property market.

Expert Knowledge of New Zealand Tenancy Laws

New Zealand’s tenancy laws are complex and frequently updated, and fines for non-compliance can be substantial. A property manager stays on top of these legal requirements, making sure your property complies with standards like Healthy Homes Regulations and that all tenancy agreements and notices are properly handled. This safeguards you from costly legal disputes and ensures your property remains fully compliant.

Maximising Rental Income and Reducing Vacancy

A property manager will set the right rent based on current market trends, balancing price with tenant interest to minimise vacancies. They manage advertising, screen tenants carefully, and aim to retain good tenants, so your property remains occupied and profitable with minimal turnover.

Stress-Free Maintenance

Maintenance can quickly become a hassle, especially if you don’t live near the property. A property manager handles routine inspections, emergency repairs, and preventative maintenance using trusted tradespeople—ensuring quality work at competitive rates while reducing the risk of costly issues. They’ll keep your property in top shape without you having to lift a finger.

Hassle-Free Rent Collection and Financial Reporting

Collecting rent and keeping accurate records can be time-consuming and often uncomfortable. A property manager handles rent collection, follows up on late payments, and provides monthly financial statements, making it easier for you to stay on top of cash flow and manage your finances.

Saving You Time and Energy

Self-managing a rental property can feel like a second job. Beyond routine tasks, managing the property means getting property management software, driving back and forth for inspections, and handling tenant calls directly—including issues that are easy for a property manager to handle or even decline. Our annual fees are very reasonable, especially compared to the time, stress, and costs of managing everything yourself.

Risk Management

A property manager mitigates risks by selecting reliable tenants, handling disputes professionally, and guiding you on landlord insurance options. They act as a buffer, handling tenancy issues and protecting you from potential damages, disputes, and vacancies.

A Worthwhile Investment

When compared to the time, energy, and expenses of self-management, our annual fees are highly worthwhile. For a relatively low percentage of rental income (typically 7-10%), you’ll have peace of mind and professional support, allowing you to focus on growing your portfolio without the stress of daily management. A property manager is more than an expense—they’re an investment in your property’s long-term success.

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