Interest only or plus principle mortgage; and opinion on Rotorua.

[AndrewC]

Pam Jones Property management

Do you know how much do they charge for managing a property? I am new to investing in Rotorua and any information regarding investing here would be helpful.

[AlFa]

8.75% for 1 property, 8% for 2. Could be slightly cheaper for 3 and more

[Wayne]

8.75% for 1 property, 8% for 2. Could be slightly cheaper for 3 and more

inclusive of GST or +?

[AlFa]

Plus GST you're right

[sidinz]

Anyone know of good property manager in Rotorua?

Based solely on their off-putting ads, I would stay away from Eve's. All of their ads run this: "You are welcome to view the property from the roadside, under no circumstances are you to go onto the property.
If you would like to view the interior, please fill in an application on our website www.evesrentals.co.nz and we will contact you with a time to view.

No enquiry by text please.

Move in costs: Equivalent of four weeks rent as bond, one - two weeks rent in advance, letting fee equalling one week's rent plus GST."

Some ads have one or no photo and two short sentences' worth of text.

[Nick G]

We refer clients to Pam Jones, also Jenna at LJH who looks after my rental. Don't worry what folks charge you. 0.5% difference either way on fees is about $75 per year. 2 days extra vacancy. Hire the best possible manager you can find.

[Anthonyacat]

We refer clients to Pam Jones, also Jenna at LJH who looks are my rental. Don't worry what folks charge you. 0.5% difference either way on fees is about $75 per year. 2 days extra vacancy. Hire the best possible manager you can find.

This is such a good point, and one I've only recently come to grips with myself.

It's the first 6% or so that really hurts, but all managers charge that no matter how terrible they are. The extra 1-2% that separates the great from the awful really doesn't work out to much at all.

[Damap]

We use Eves, best PM's we have had down there by far, (and we have had a few over the years).