Hi All, this is in Perth, I won't name them but they seem expensive to me or is this the 'norm'??
Advertising Fee
Internet: $55.00
Newspaper: At cost
Letting Fee
Six months: Two weeks rent + GST
Twelve months: Three weeks rent + GST
Management Fee
Unfurnished: 9.35 %
Furnished: 11.00 %
Property Condition Report
Unfurnished: $150.00 – $200.00 (Depending on property size)
Furnished: $160.00 – $250.00 (Depending on property size)
Inventory Report: $150.00 – $180.00 (Depending on property size)
Routine Inspection Fee
Unfurnished: $55.00
Furnished: $77.00
Including photographs plus: $22.00
Lease Renewal Fee
Furnished & Unfurnished: $44.00
Final Bond Inspection Fee
Unfurnished: $88.00
Furnished: $99.00
Title Search
If owner unable to provide copy: At cost
Tenant Check
National Tenancy Database: $4.00 per tenant
Postage & Petties Fee
Per month WA: $5.50 (No charge for additional properties managed)
Per month Interstate: $7.70 (No charge for additional properties managed)
Per month Overseas: $11.00 (No charge for additional properties managed)
Insurance Management $55.00
Court/Meeting Attendance $71.50 – $143.00Hi there,
That seems extremely expensive … I would look elsewhere.
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Turns out this is the cheapest fee schedule i can find….anyone got any recommendations for a Perth NOR property manager that charges more like what people get over east in melb etc? I am starting to think i should do this myself but have no idea where to start, seems a lot of paper work (initially anyways)…
Hi i do not pay any extra for property inspections or reports, fees of between 6% and 8% for property management, one week letting fee and no fee for lease renewals. No additional costs for advertising the properties for lease.
All properties are in nsw regional towns
cheers
Sonya
OMG LOOK SOME WHERE ELSE, nego with your Property Manager, ours is 8.5% 1 week letting fee and 1/2 that when renewing $5 p/p for , do your research, ask question lots of them, do they do their paper work on adl forms or on a hand held scanner adl system ????? is it made of GOLD lol. $55 per hour if we go to court for you though the RTA, ring the RTA ask question, educated yourself re Property Management, they should have given you a Package with all the information when you signed up OH AND THAT IS FREE, THE RTA SEND THEM OUT TO THE REAL ESTATE.
GOOD LUCK
Hey Phorsha
If it’s any comfort, i am aware that property managers in Perth/bunbury area are a lot more expensive than what we were used to paying here (in and around Brisbane). We were surprised too, and tried to find a better deal, but didn’t really get anywhere with it. It was a family member’s property, I did the bookkeeping for the property.Phorsha wrote:Turns out this is the cheapest fee schedule i can find….anyone got any recommendations for a Perth NOR property manager that charges more like what people get over east in melb etc? I am starting to think i should do this myself but have no idea where to start, seems a lot of paper work (initially anyways)…
Phorsha, we were in your boat – just couldn't afford expensive PM fees anymore. So we started self-managing and created Rentwise to make it easy. As we're still in development stage, we're looking for self-managers to try Rentwise out for free, for as long as they like. If you (or anyone else reading this) is interested, please jump online and sign up. No payment or contracts involved. We're just after your comments and suggestions for how to make self-management as easy and cheap as possible.
As for PMs, we only use them now to find tenants because of their access to the default databases. I guess if we ever needed to evict someone or go to the Tribunal, we could use a PM just for that but we're not prepared to pay expensive ongoing management fees in the meantime.
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