Landlords can be up for penalties if they don’t get things right in this environment. “Paying a property manager is better than paying a fine, it’s about having the ambulance at the top of the cliff,” she says. The move to property managers follows the trend in other countries. New Zealand is behind Australia, which has had more processes and procedures for longer, says Allan Hartley, sales manager at Quinovic Johnsonville.
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Most property managers will charge between 7 and 10 per cent of the rent and there may well be one-off fees on top – $30 for doing house inspections every three months, for instance, which many insurers require.