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 property's gross rental income. However, be aware of potential extra charges for specific services.

These can include:

- Marketing and finding tenants

- Healthy Homes assessments

- Regular property inspections

- Coordinating maintenance and repairs

Some companies offer a higher, all-inclusive rate that covers these extras. While costly, a good property manager can save you significant time and stress, helping to ensure your investment performs well.

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