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 cost 7-12% of the gross rental income. Landlords should also budget for potential extra charges for specific services.

Additional fees may apply for:

- Marketing and finding tenants

- Healthy Homes assessments

- Property inspections and maintenance coordination

Some firms offer a higher all-inclusive rate versus a lower base fee with add-ons. A good manager saves time and stress by handling tenants, rent, and 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 Ben Tutty
Content Writer