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  1. #11
    Join Date
    Apr 2016
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    Alina Chuck is clearly not a kiwi investor so by "buy to let" he means rental property and property management fees should be 7 to 9% of your rent, never 25%

  2. #12

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    if you hire a management company, which finds tenants and carries property services, it usually charges 10–20% of the monthly rent

  3. #13
    Join Date
    Apr 2016
    Posts
    2,343

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    if you hire a management company, which finds tenants and carries property services, it usually charges 10–20% of the monthly rent
    Not in New Zealand they don't. Firstly we rent weekly and we don't use the term "property services". Which country are you in?

  4. #14

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    I am from Germany. Management companies are used to carring out property maintenance, cleaning services before and after tenants’ arrival/departure,
    registering and paying property taxes etc here

  5. #15
    Join Date
    Apr 2016
    Posts
    2,343

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    You are posting in a New Zealand forum so your info is incorrect. You need to check with country forum you are in. In New Zealand property management fees are much lower. It is almost unheard of to be over 10%. On some of my properties I pay only 6%.

  6. #16

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    Hi chuck norris, I agree with Boysyouruncle, yes for germany your info is correct ( i am from germany originally ) but here in New zealand it works a lot diffrent to germany. I do know what type of property I am looking for and the yield I require to archieve a positive cashflow ( what i am after). just not quiet sure which area i want to buy in as taupo is not the perfect place to start and learning a new market takes time and for me a lot of travel


 

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