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Sarah Wrait

Sarah Wrait

Sarah Wrait is Founder and Director & Commercial Property Manager at Azure Property in Auckland, New Zealand, specializing in commercial, retail, and industrial property management.

Aug 18, 2026

2:54
And I do wonder if he did have a professional manager looking after it for him, how much extra value could have been created?
3:02
So DIY managers, that's what we call them when they manage their buildings themselves, can often fall into a couple of different traps.
3:09
One is that they're DIY managing that one building, which means it's not like they've got a portfolio that they can see and test the market on kind of thing.
3:18
They might not be getting the cost efficiencies, for example, with insurance or with maintenance.
3:25
They probably have the same guys repair things and that kind of thing, which is great.
3:29
probably got a good relationship with the building, good knowledge of the building.
3:32
But a 25-year lease with a DIY manager, you can fall into a really, Easy, easy trap.
6:59
So for members of the audience that currently have commercial property and maybe have a lot of it and are working with places like Azure, and they're thinking, how can we transfer these assets down to our future generations? How should they think about doing that? Or is that the wrong way of going about it?

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