Property Managers in New Zealand

Property managers take the day-to-day work of a rental off an owner's hands. They advertise and fill vacancies, screen tenants, collect rent, arrange repairs and carry out routine inspections. Landlords with one property or a portfolio use them to stay at arm's length while keeping the tenancy running smoothly and within the law.

A capable manager knows the Residential Tenancies Act inside out and keeps properties compliant with the healthy homes standards, which carry deadlines and penalties for landlords who fall short. Fees are usually a percentage of rent plus charges for letting and inspections, so compare the full cost rather than the headline rate. Ask how often they inspect, how they handle arrears and maintenance, and whether they hold client funds in a trust account. Clear monthly statements are a sign of a well-run operation.