Property management fees in Geelong, VIC

Currently I have an IP in Geelong as well that is being managed by Buxton. Their fees are similar, save for a let fee of 1.5 weeks rent. I don't believe there's such a thing as 'standard', and some of these fees are potentially negotiable. But as most of us have read, don't always find an agent based on price alone. A larger agency may charge more, but if they have greater 'presence' and experience with the local area it will positively affect the kinds of tenants you get and how quickly the property can be let.

Yep that is about standard… sometimes things are negotiable… for eg if you have multiple properties to be managed.

As fWord says, don't choose only based on price.

Some things to consider are:

– What advertising streams do they offer to advertise rentals? (realestate.com.au? local paper? window ads?)
– What days and hours are they open?
– Re the above two points, how easy will it be for all kinds of people to hear about your property, or for tenants to contact the agent about maintenance problems? will the agency be able to get keys to tradies for urgent weekend maintenance? will tenants be able to get a spare key from the agent if they accidentally lock themselves out?
– how many property managers do they have? do these people work each day? the answer to this question will sometimes shock you.
– what days/times do they offer opens for rentals?
– where is the office located? is it in the main traffic area of geelong?

As a general rule I would be cautious about agreeing to pay an agent an hourly fee to attend tribunal hearings.  If you did there would be little incentive for them to get the right tenant in the first place, or keep a close eye on your property.

Shop around and see how you go. Run Property is generally reasonable for a IP I have in the area, I could check the rate they charge if you like.