No hidden fees. No maintenance markups. No surprise charges. Just one flat rate that covers professional property management. Here’s exactly what you pay and exactly what you get.
How Much Does Property Management Cost in Auckland?
Auckland property management typically costs between 7% and 10% + GST on collected rent, plus separate fees for inspections and tenant placement. At Venko Property, we charge 8.5% + GST on rent collected, $50 + GST per quarterly inspection, and one week’s rent + GST when placing a new tenant. Zero markup on maintenance. If the property is vacant, you pay nothing.
Most Auckland landlords pay between $3,200 and $5,800 per year in total property management costs on a typical $700 per week rental, depending on the agency, their fee structure, and how often maintenance is required.
Simple, Transparent Pricing
We believe you should know exactly what you’re paying for. No hidden fees. No surprises. Just honest pricing for professional service.
8.5% + GST Monthly
Charged only on rent collected. If the property is vacant, you don’t pay.
Tenant management & communication
Rent collection & arrears pursuit
Monthly financial statements
Risk Register management
PropertyMe owner portal access
Annual CapEx plan review
Market rent analysis (bi-annual)
$50 + GST Per Inspection
Quarterly property inspections with comprehensive photo reports.
40+ point inspection checklist
Professional photos (interior & exterior)
Risk Register updates
Compliance checks
Digital report via owner portal
Entry and exit inspections included in management fee*
When Finding New Tenants
One-time costs when we place a new tenant, or as needed:
Letting Fee: 1 week’s rent + GST
TradeMe Premium Listing: $150 + GST
Professional Photography: $250 + GST
These costs only apply when finding new tenants. Lease renewals with existing tenants: $0.
What You Pay For
Included in Monthly Fee
Tenant Management
Full tenant vetting (credit, reference, employment, etc)
Tenancy agreement preparation
Bond lodgement and processing
Move-in condition report with photos
Ongoing tenant communication
Lease renewals with existing tenants (no extra fee)
Unlike many property managers, we pass trade costs through at actual price. We’re not incentivised to spend your money, we’re incentivised to manage your property well.
Why Zero Markup on Maintenance Matters
Many property managers add 10-15% to every trade invoice. It’s called a ‘coordination fee’ or ‘maintenance markup,’ but it’s really just profit on your property expenses.
Zero Markup Guarantee
Unlike many property managers, we pass trade costs through at actual price. We’re not incentivised to spend your money, we’re incentivised to manage your property well. How we prove it: Every trade invoice is attached to your maintenance ticket in the owner portal. You can see exactly what the tradesperson charged and verify we’ve passed on the actual cost.
Industry Standard (10% markup)
Plumber invoice: $500 10% coordination fee: $50 You pay: $550 Hot water cylinder: $2,000 10% coordination fee: $200 You pay: $2,200 Annual maintenance: $3,500 10% markup: $350 You pay: $3,850
Venko Property (Zero markup)
Plumber invoice: $500 Markup: $0 You pay: $500 Hot water cylinder: $2,000 Markup: $0 You pay: $2,000 Annual maintenance: $3,500 Markup: $0 You pay: $3,500
Total savings in this example: $350
We believe this creates a conflict of interest. If we profit from maintenance, we’re incentivised to recommend unnecessary work. We’d rather earn your trust than earn from your expenses.
✓ You pay trade cost only ✓ We provide quotes for your approval ✓ We coordinate and quality-check the work ✓ You see every invoice in your owner portal
Pricing Questions Answered
Why do you charge per inspection instead of including it in the management fee?
Transparency. We’d rather show you exactly what each service costs than hide it in a higher percentage. Our $50 inspection fee is less than the industry standard ($120-180), and you can see every photo and report we produce.
What if I don’t want quarterly inspections?
Most insurance policies require quarterly inspections. However, if yours doesn’t and you prefer less frequent inspections, we can accommodate that. The inspection fee only applies when we actually inspect.
How does the letting fee work?
When we find a new tenant, we charge 1 week’s rent + GST (one time). This covers all advertising, viewings, applications, vetting, and signing. If your existing tenant renews their lease, there’s no letting fee; it’s included in the management fee.
Can I use my own photographer to save $250?
Yes, absolutely. If you have professional photos already or want to arrange your own photography, that’s fine. We only charge for photography if we arrange it.
What happens during vacancy?
No rent = no management fee. However, we still handle all marketing, viewings, and tenant placement at no additional cost during vacancy (beyond the standard letting fee when a tenant is secured).
Do you really charge zero markup on maintenance?
Yes, genuinely zero. You pay exactly what the tradesperson charges us. We provide quotes for your approval (over your threshold, typically $500), coordinate the work, and quality-check completion, but we don’t add any percentage on top.
What’s your cancellation policy?
90 days’ written notice, no penalties. We earn your business every quarter. If you’re unhappy, you shouldn’t be locked in.
Are there setup or exit fees?
No setup fee, the initial Risk Audit and CapEx Assessment are included. No exit fee either. If you terminate, we’ll provide a full handover to you or your new property manager at no charge.
How does the 2026 Q1 Launch Offer affect pricing?
Launch Offer clients receive: – Free initial Compliance Audit (saves $350) – Priority Principal access (first 12 months) – First photography session free (saves $250) All other fees remain standard: 8.5% + GST management, $50 inspections, standard letting fees when applicable.
Can I see an itemised invoice example?
Yes. Every month you receive a statement showing: rent collected, management fee deducted, inspection fees (if any), trade invoices paid, and net amount transferred to you. Total transparency.
*Tax summary provides organised data for your accountant. We are neither tax advisors not financial advisors.
