More properties under management: Report
David Faulkner, of Property Brokers, said a comparison of listing websites TradeMe and Realestate.co.nz showed that up to half of all rental properties were now being looked after by a manager, rather than a DIY owner.
It had traditionally been reported that only about a third were under management.
Faulkner said the shift was partly because there were now so many more property management firms operating, many of whom were doing it to a higher standard, and partly because of a generational shift.
The deregulation of property management meant that it was not hard to open an office, he said. Anecdotally, he had heard that where there were once eight property management firms in Hamilton, there were now 40.
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