How much does a property manager cost?
How much does it all cost? This is a common question for people who have been managing their own rental properties or who have recently purchased their first investment property.
Of course there are other things than just the fees that you need to consider when choosing a property manager. For more information on selecting a property manager - you can view one of our earlier articles here How to choose a Christchurch property Manager
When deciding whether to engage a property manager you will no doubt be asking yourself do I have the time to manage my property or properties and also wondering whether you have the necessary skills and knowledge as to how to manage these properties.
A property manager will have the time, experience and expertise to be able to effectively manage every aspect of your property. From the tenant viewings, tenant credit & reference checking, lease and bond management, rent payment administration, to organising maintenance and property inspections.
All of these can be time consuming and must be done in accordance with the Residential Tenancies Act. The cost of getting this wrong can be high.
The property manager is just an agent... you will still have the overall control of your property. Any applications will be run past you in the first instance and you will make the final decision as to who is living in your property.
At Selwyn Property Management we guarantee that we will communicate with regularly as to what is happening with your rental property.
To give you an idea, the industry standard fee for property management companies is 8% + GST of all of the rents received. On top of this the average company charges additional fees for credit checks, inspections and advertising.
Here at Selwyn Property Management we are pleased to offer a single flat rate fee of 7.5% + GST for our services - with no additional fees added. We believe this is fairer fee and one of the most competitive rates currently available in Christchurch.
To enjoy pain free property management with lower fees and clear communication, please do not hesitate in getting in contact with us today.
Christchurch Property Management
Owner and Director - Selwyn Property Management Ltd