Sue Hall

"My reputation is your guarantee"

" Sue Hall You've done it again Sue! Sold another home for us in a very professional manner, kept us informed throughout the process and done so in a caring way. We couldn't have asked for more. Thank you Sue!! "

- Sonny and Eileen

"If anyone is looking for an excellent no nonsense Real Estate Agent, then look no further than Sue Hall - She’s the one! Her knowledge of the Real Estate industry is invaluable. Sue always goes that extra mile, willing to meet with you any time of the day or night. Sue sold me my first home in 2010 and since then..."

- Vikki Seaman
More testimonials »

Five Ways to Decide if You Need a Property Manager

28th Jun 17

If you’re new to owning a rental property, then you might be wondering whether it’s better to manage your rental property yourself or whether you should hire a Property Manager.  While it’s tempting to manage your rental property yourself, it can be a huge time drain – Especially if you're still learning the ropes.

To help you decide, here are few things you should consider:

1. Time

How much time are you willing to spend maintaining your rental home, interviewing tenants, inspecting it or following up on overdue rent?  Are you willing to give up your weekends and attend late night call outs?  If you’re time-poor, you may find that a dedicated Property Manager is a good option - I’s their full-time job after all.

Are you planning any overseas travel?  If you are going overseas for more than 21 days in a row, you’re required by law to appoint someone to manage your property.  It doesn’t have to be a professional manager.  In fact, it can be anyone you choose, though it’s a good idea to appoint someone who knows something about managing a property!  Just make sure you give your tenants their details before you leave.


2. Budget

If your free time is valuable to you, consider working out what your time is worth and whether it’s better to pay someone else to take on the responsibility of managing a property.  The next question is can your time budget allow for it?  Your answer may depend on whether your property is negatively or positively geared and which management company you choose.

As a general rule of thumb, Property Managers usually charge between 7 - 9% of the rent collected and any repairs carried out on your behalf.  In Hamilton, the median rent for a three bedroom home in February 2017 was $390 per week.  A Manager charging a 9% fee would cost $35.10 per week or around $150 a month (This example doesn’t include any maintenance, tenant screenings [Usually $30 per tenant] or inspections [Around $50]).


3. Distance

How far are you from your rental property?  Is it down the block, on the other side of town or the other side of the country?  If it is going to be difficult to get to your rental property to carry out your landlord duties, a local Property Manager can take over and make your life, and your tenant’s lifes, much easier.




4. Knowledge

Property Managers know the ins and outs of rental properties, tenancy and the law.  Their knowledge and experience is especially valuable if you’re a first time landlord.

They can:

  • Collect rent and manage rent arrears.
  • Provide general advice on landlord insurance to protect against loss of rent (E.g.  If you evict your tenant) and any malicious damage not covered by normal house and contents insurance.
  • Tap into their agency’s network to find tenants and keep your home occupied.
  • Screen tenants for your property.
  • Resolve tenant disputes.
  • Monitor market trends and any legislative changes that may affect your property.


In all, it’s their job to make your role as the property owner as easy and hassle free as possible.


5. Maintenance

How much of a handyman / woman are you?  Do you know the signs of water damage or meth use?  In 2010, the BRANZ House Condition Survey found that 80% of rental occupiers believed their house was in good condition, while in reality only 22% actually were.  This result goes to show the how much an untrained set of eyes might miss.  A professional manager for your property cannot only help you organise regular maintenance, but they can recognise what maintenance is needed.

They also have a network of tradesmen to call upon too - Which is very handy in an emergency, like a burst water pipe in the laundry.

Property Management can cause you to lose some serious hair!  It’s worth considering the impact that managing a rental home can have on your health and wellbeing before taking up the challenge.

^ top
Filed under Hamilton / Waikato \ Real Estate

Related posts

Leave a comment

Fields marked * are required

Sue Hall's Blog

Generational Change

Its not news – With every generation change, the way we live our lives changes as well. Never has that statement been as correct as it is now … Economically, it makes more sense to go out and buy a jersey instead of knitting one, the big “OE” is now par for the course, a large amount of socialising is done via Apps or websites, more and more infants and toddlers are in full time care as both parents need ...

Read More »

In Hamilton? Really?

It’s no surprise that Auckland has the highest number of million dollar homes in the country. But did you know that along with Queenstown and Wellington, Hamilton has some of the most expensive non-Auckland real estate? It’s true! A couple of properties on Pembroke Street, right by the Lake, were worth $17.2 and $15.8 million dollars! Those two sales hold the top two places for the most expensive real estate outside of Auckland!

Read More »

Sticking with Tradition

Bindi Norwell, CEO of the Real Estate Institute of New Zealand featured on 1 NEWS Breakfast this morning to discuss the New Zealand real estate market.

Read More »

Have your say with the Hamilton City Council

Every six years, Council's are required to hold a review around their representations and this year, the Hamilton City Council will be holding it's Representation Review. To help with the pre-consultation phase of the review, the Council has launched a public survey via the internet.

Read More »

The Doors are Reopening!

After a year and a half of waiting, the Hamilton City Council has announced a date for the reopening of the Central City Library. Back in December 2016, there were serious concerns raised around the safety of the Library building, should Hamilton experience any seismic activity. The issues that were discovered called for the immediate close of the building until repairs could be carried out.

Read More »

More Blog Articles »