Do I Really Need a Property Manager for My Investment Property?

5 Jun

If you’ve recently purchased or are planning to buy an investment property, one big question is likely on your mind:
Should I manage it myself, or hire a professional property manager?

Let’s break it down - because your decision can have a major impact on both your returns and your sanity.

What Does a Property Manager Actually Do?

A property manager takes care of the day-to-day operations and compliance of your investment, including:

Advertising the property and screening tenants
Collecting rent and handling arrears
Organising repairs and maintenance
Completing routine inspections
Managing bond lodgements, rent increases, and renewals
Staying on top of tenancy law and Healthy Homes compliance
Handling tenant issues, notices, and disputes

Why Some Investors Choose to DIY

Managing your own property can seem appealing at first - especially if you:

Want to save on management fees
Live close to the property
Have just one or two rentals
Are confident with tenant law and tenancy management

But it’s important to weigh that potential cost-saving against the time, legal risk, and emotional energy it may require.

Risks of Managing It Yourself

Here’s where self-management can go wrong:

Inadequate tenant screening can lead to missed rent or property damage
Poor maintenance follow-up can reduce your property’s value over time
Unfamiliarity with tenancy law can result in fines or legal challenges
Delayed action on arrears can put your cash flow under pressure
Emotional involvement can lead to inconsistent or risky decisions

It’s not just about saving money - it’s about managing risk and preserving your investment long term.

Why a Professional Property Manager Is Worth It

A good property manager is more than a rent collector - they’re your investment’s guardian.

They bring:

Market knowledge to set optimal rental prices
Established networks for maintenance and repairs
Legal expertise to navigate compliance confidently
Time savings, freeing you up to focus on the big picture
Peace of mind, especially if you're building a portfolio

Many investors who start off self-managing quickly realise that the 2-3 weeks' rent per year they pay in management fees is well worth it to avoid the hassle and legal exposure.

Our Take?

At KEY2 Invest, we see property management as an essential part of a strong investment strategy - particularly in 2025, where Healthy Homes standards, tenant rights, and compliance obligations are non-negotiable.

Unless you have the experience, time, and confidence to stay on top of changing regulations and tenant relationships, a professional manager is a smart move.

Want Help Finding the Right Property Manager?

We’ve built long-standing relationships with trusted property managers across New Zealand. If you’re unsure where to start, we’re happy to point you in the right direction.

Stacey Anderson