Approximately 25% of New Zealand residential landlords use a property manager from a property management company. In Australia it is around 80% and in the UK it is even higher.
Why are we different to other countries, and what is it costing us?
One reason we are out of step compared to other countries is we are a national of DIYers. A do it yourself attitude is a dangerous one when it comes to property management.
Relatively speaking, New Zealanders are naive, and continue to bring a DIY attitude to not only property investment, but all kinds of business enterprises. It is why so many owners started out with big ambitions, and now find themselves stuck in a rut – working hard for little return, and seeing no way forward other than to work harder.
Smart business people allocate time and effort to where it will make the biggest difference, and engage others to do the rest.
Almost every new client who comes to us after having managed their own rental property has been leaving money on the table, often for years. The reasons are many.
Ambitious business owners aim high. New Zealand has plenty of world beaters who got there by not only working hard, but thinking smart and surrounding themselves with great people.
We would like to see property investors flourish in this country, achieving the returns and long term wealth that’s really possible. Regardless of how you are growing your wealth – how much more could you create with the support of committed experts who are out to have you win?
Talk to Kerry Kirwan from Quinovic Property Management Parnell about us managing your Auckland rental property:
P: 09 373 4353
M: 0220 108 005