© 2026. Professionals New Zealand, Licensed REAA 2008
Why Get a Property Manager?
1. Save Time. Advertising the rental, screening tenants, handling maintenance requests, chasing rent payments, inspections, staying on top of regulations etc. A property manager takes all of this off your plate.
2. Better Tenants, Fewer Headaches. Experienced property managers have thorough screening systems in place. This reduces the risk of late payments, property damage, or tenancy disputes (which can end up costing you more in the long run).
3. Legal Knowledge. Rental laws can be tricky and are constantly changing. A good property manager knows the ins and outs of the Residential Tenancies Act, ensures your property stays compliant and your Tenancy Agreements up to date, avoiding costly fines and legal issues.
4. Maintenance & Repairs. Property managers usually have a trusted network of tradespeople to support any repairs and maintenance. They also coordinate everything, saving you the hassle.
5. Maximising Rental Returns. They’ll help you set the rent in line with the market, advise on ways to maximise value, and keep your property occupied to boost ROI.
6. Financial Reporting. You will get regular, detailed statements showing income, expenses, and deductions, making end-of-year tax time easier and more accurate.
7. Peace of Mind. Whether you’re local or living elsewhere, knowing your property is being looked after professionally reduces stress and gives you more freedom.
So, is it worth the cost? Property management fees typically range from 7–10% of rent, and it's important to fully understand their fee structure. That said, most investors find that with a good Property Manager, the value significantly outweighs the cost.
What's Involved in Renting
Most people don't realise is how time consuming and complex managing a property can be. Here is a rundown of everything a property manager does:
Setting Rent: A property manager uses current rental market data to set and reset the ideal rent. This keeps your property occupied and maximises your return.
Marketing the Property: If your investment is ever vacant, a property manager will organise marketing material, including listing copy and home photography and advertise on all relevant channels to target your ideal tenants.
Showing the property: After the marketing stage, a property manager will show prospective tenants through the property and answer any questions.
Selecting Tenants: There’s an art to picking the right tenants. A property manager will go through all the applications and select the tenant most likely to help you reach your investment goals. This may include:
- Performing credit checks
- Verifying proof of identity
- Searching Tenancy Tribunal records on the prospective tenant
- Reference checks
- Verifying the tenants ability to pay rent
- Chatting to prospective tenants at viewings to get a ‘gut feel’ for what they're like
Organising Tenancy Agreements: This is a legally binding document that must be up to date with current legislation.
Liaising with tenants: Any questions or problems your tenants have will be directed to your property manager. This includes rent reviews, maintenance, repair work etc. Equally, your property manager will liaise with tenants to arrange property inspections and coordinate required maintenance and repairs.
Attending the Tenancy Tribunal: In the event of a Tribunal intervention, a property manager will attend the Tenancy Tribunal with you or on your behalf, using their knowledge and experience to resolve the issue.
The Benefits of Owning an Investment Property
Owning an investment property can be a powerful way to build long-term financial security for yourself and your family. These are some key benefits to owning an investment property:
Positive Cash Flow: A property is considered cash flow positive when the rental income it generates exceeds the costs of owning, managing, and maintaining it — including mortgage repayments, rates, insurance, and ongoing maintenance.
Capital gains: When a property that you own increases in value after you buy it, the difference between the new higher value and the amount you purchased the asset for is known as a capital gain. This gain can be used as leverage to borrow from the banks to buy more property.
Tax Benefits: Depending on how your investment is structured, you may be eligible for tax deductions on certain property-related expenses. This could save you thousands.
If you're ready to maximise the potential of your investment property, we are ready to help you!