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

Ben Tutty
Last updated: 2 April 2024 | 4 min read
AI

AI summary

Property management fees in NZ typically range from 7-12% of your gross rental income. For an average weekly rent, this is about $43-$74.

Some managers offer a lower rate but charge extra for services like:

- Marketing and finding tenants

- Regular property inspections

- Organising maintenance

While a significant cost, a good property manager saves time and stress by handling tenant selection, rent collection, and ensuring your property meets all legal requirements, 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 Ben Tutty
Content Writer