What Do Property Managers Really Do? | Ep. 59

In this episode, we discuss the nitty-gritty of what property managers really do for property investors. Over a 10 year period, you are likely to pay your property manager the same amount of cash as you will your real estate agent. However, for that, you will get significantly more value and service. 

Celia estimates that over recent years the workload for a property manager has increased by 30%, however, they haven't increased their fees. 

Property managers have awkward conversations with tenants, ensure that they pay their rents, follow up when that doesn't happen and ensure the property is maintained and expected. But, the real benefit is in their institutional knowledge and the paybooks/procedures they have in place so that if something goes wrong it can be managed. 

This is the final show – in this round of recordings – where we are joined by Celia Burbery from Auckland Property Management.