I Asked a Top Property Manager: Will Your Next Home Be a ‘Lifetime Rental’? (Her Answer Shocked Me)

NZ rental markets face grey tsunami: double the elderly tenants are coming, are you ready? Megan LamontThis is a highlight video. Watch the full conversation here https://www.youtube.com/watch?v=W_8Cx4QDCII&t=2999sMegan Lamont is the founder of Vertigro Property Management, a company based on the North Shore and Hibiscus Coast region of Auckland, New Zealand. Megan Lamont has over 22 years of experience in the property management industry. She now directs a small team to run her property management business and shares insider secrets in this field.This video is for property managers, property developers, property investors, property flippers, first-home buyers, people who rent in NZ, renters in NZ, renters in Auckland.Listen on: Apple podcast – https://shorturl.at/aJ18iSpotify - https://shorturl.at/2fps7Follow me:https://linkin.bio/notesfromtheexecutiveBy 2048 so it's still a good few years away. It's estimated that there will be twice the number of older folks renting than what we have now. To give you perspective:Current/Recent Situation (around 2018):Back in 2018, about 20–22% of people over 65 were renting (roughly 150,000 out of about 711,200). So, about one in five older individuals were renters.Projected 2048 Scenario (the given prediction):By 2048, if we see 600,000 renters out of a total older population of around 1.4 million, that share jumps to about two in five (around 43%).This represents:A four-fold increase in the absolute number of older renters (from around 150,000 to 600,000).Approximately a doubling of the proportion (from about 20% to over 40%).This predicted scenario shows not just growth in the sheer number of older renters—due to overall population aging—but also a fundamental shift in housing tenure patterns. More older New Zealanders may find themselves renting later into life, possibly due to housing affordability pressures, changing family structures, or the preference for more flexible living arrangements. A jump from around one-fifth to nearly half of the 65+ population renting represents a significant and possibly challenging social, economic, and policy shift over the next couple of decades.Are we equipped for that in New Zealand? And I would say we're not equipped for that, said Megan Lamont.“If you talk to most young Aucklanders, a lot of them would say there's no way I'm gonna buy a house.”Hopefully we'll have more build to rent, so that people have that, people that go into those properties, they have 10 year long leases, where they have a lifetime for rent so that they have that security can enroll their child at school and know that, oh, great, we're going to stay if we choose to.Sitting down with Megan Lamont provided a fascinating insider's look at property management in New Zealand. I was quite clueless to the landlording world, I gained a much deeper appreciation for the complexities of this industry.Lamont highlighted the rapid evolution of the industry, underscoring the need for continuous learning to stay ahead of regulatory changes, technological advancements, and shifting market trends. Perhaps most intriguing was Lamont's stance on the lack of regulation in New Zealand's property management sector, which she believes leaves both owners and tenants vulnerable. This insight into an industry-wide issue provides a valuable glimpse into the realities of this often-overlooked profession.how do i find a reliable property manager on aucklands north shore, what to know before renting in aucklands challenging housing market, how have new zealands tenancy laws changed in the last 10 years, tips to maintain and add value to your rental property in nz, is a build to rent property right for my familys future in auckland, comparing renting and buying a home in new zealands current market, how to navigate the rental market for long term tenants in auckland, investing in property as a mum and dad landlord what you need to know