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.

Be aware of potential extra charges for services not included in the base rate, such as:

- Marketing and tenant placement

- Healthy Homes assessments

- Property inspections

- Maintenance coordination

Some firms offer a higher, all-inclusive rate to cover these costs. While a significant expense, a good property manager can save you time and stress, 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