Originally Posted by
artemis
I suspect we won't see many more landlords doing that. Most landlords - over 80% - have only one or two rentals and the rules are complex already with more complexity, more compliance, more costs and more big fines coming up. Small time owners already have enough trouble keeping up, and the consequences of ignorance can be serious. And expensive.
I expect most owners who engage a PM now will continue to do so, and self managing owners that run into tenant troubles will seriously consider switching as the cheaper option. And then the PM will recover the cost for them by regularly increasing rent. Something that small or accidental landlords don't always do.
Current line in the sand, info from MBIE, is that 53.6% of rentals are managed by PMs. So we shall see what happens.