Property Management in New Zealand

Find a Property Manager in New Zealand

You've purchased an investment property, and now don't want the hassle of finding and managing tenants yourself? Property Management in New Zealand is a great option for those who want to reap the benefits of property investment without the stress.

• Property Management
• Investment Property
• Housing

Why use the services of a property management company in New Zealand?

Buying a residential investment property can be the easy part of property investment. Once you've decided on a house to buy, and if needed, have refurbished it in order to draw the maximum rent, have a think to yourself - are you ready for the trials and tribulations of tenancy?

The entire process of tenanting a house can be a very tasking ordeal. Firstly, you must find and screen tenants, to make sure you don't get a group of hooligans that will burn your prized investment down.  This can best as simple as a reliable family landing on your doorstep, but more likely you'll need to commit hours of your time to showing potential tenants through your property, and then putting them through a screening process involving interviews, reference calls and so on.

Finding a tenant is just step one. Landlords must then handle all contracts and administration, monies, inspections, maintenance, the list goes on. Sound like a bit much? Managing your own investment properties can turn into a full time job in itself. Things can and will go wrong, so why not gain some piece of mind and hand the management over to a property management NZ company?

Residential management companies can make handling your residential investments a breeze. Here's what they can do for you:

• Give your property an accurate rental appraisal based on averages in your city, the condition, amenities and other aspects of your property.
• Market your property for perspective tenants efficiently to ensure a short lead time between advertisement and leasing commitment. This could mean advertising in local newspapers, on the property management company's own website, and other online real estate resources like TradeMe. 
• Show potential tenants through your property, and put them through an interviewing process. They will be asked standard questions similar to a job interview, and be required to provide referees from previous landlords - which the property management company will verify. The company will also do credit checks to ensure the financial stability of the potential tenant.
• On selection of tenants, all signing of agreements and contacts will be completed, and rent in advance, bond, and any other monies will be collected. The bond, to be returned to the tenant on end of lease (if and when the property is left in the same condition as on arrival), will be lodged with Housing New Zealand.  
• The property management company will then ensure rent is collected on an agreed basis, and will issue notice and take the appropriate steps if required if rent is unpaid. They will regularly deposit the rent revenue into you as the landlord's account, minus the property management percentage fee.
• Inspect the property on a habitual basis, to ensure the tenants are caring for it as agreed, and keeping it to a reasonable condition. If maintenance is needed, the property management company will organise this, and ensure the your set budget for maintenance is not exceeded. If repairs are needed because of tenant fault, remuneration from the tenant will be collected.
• Source gardeners, lawn mowing services and other necessary service providers for regular upkeep of the property.
• If serious problems leading to eviction arise, the property management company will see this through, and if necessary, appear in the landlords place at a Tenacy Tribunal hearing to reclaim any unpaid rent or compensation for damages.
• If and when tenants decide to leave the property for one reason or another, upon the end of the lease the property management company will organise final inspections, refund of bonds with Housing New Zealand, and will re-advertise the property to again ensure the shortest vacancy period between tenants.

Indeed, doing all of this yourself can be a tasking and strenuous commitment, and property management companies are dedicated and experienced in handling every aspect of your leasing property management.

If you want just partial management, you don't have to commit to all of the steps details above - property management companies can simply take care of marketing your property, finding and selecting appropriate tenants, and the rest will be left up to you.

To find a real estate property management in your area, check out the NZS.com directory.

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Business images from Flickr: Ireland PM, New Zealand Flag and Wellington Buildings.