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  1. #1
    Join Date
    Apr 2005
    Location
    Auckland
    Posts
    133

    Default Property Manager Vs Rental Insurance

    What would you prefer?
    Thanks

  2. #2
    Join Date
    Jan 2005
    Location
    Auckland
    Posts
    1,530

    Default

    Didn't realise they were mutually exclusive!
    Julian
    Gimme $20k. You will receive some well packaged generic advice that will put you on the road to riches beyond your wildest dreams ...yeah right!

  3. #3
    Join Date
    Apr 2005
    Location
    Auckland
    Posts
    133

    Default

    I meant was would you rather pay a property manager a percentage or get a rental insurace and manage the property yourself. Or have I mixed my question. Thanks

  4. #4
    Join Date
    Jun 2005
    Location
    Auckland
    Posts
    925

    Default

    Another option is neither.

  5. #5
    Join Date
    Jun 2005
    Location
    Mt Maunganui, NEW ZEALAND
    Posts
    1,463

    Default

    Another option is neither.
    Ummmm yeah. I subscribe to that one.

  6. #6
    Join Date
    Apr 2004
    Location
    Auckland
    Posts
    1,896

    Default

    Using a property manager is no guarantee that you won't experience grief from a tenant.
    With an average property manager it's likely you just won't hear about it for a month or two!

    Most of the "Landlord" house&contents policies also include a few weeks of lost rent.

  7. #7
    Join Date
    Oct 2003
    Posts
    3,578

    Default

    Fourth option is both.

    I use a property manager (since I am overseas) and have insurance. The cost is about the same as contents insurance I would have to have anyway and covers lost rent etc.

    They are separate questions:

    1. Rental manager or do it your self
    2. Rental insurance or none.

    The second question comes down to a few factors. As I said above, if you are already paying contents insurance, it might not cost more for specialist llandlord insurance.


 

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