Forum Replies Created
- Opportunity In Everything wrote:Yeah I hear what you are saying. At around 4000 properties its start to be worth getting out of bed for.
Best of luck with the new venture.
Even 500 properties @$240/week and 7% fees = $8400/week After paying 3 lots of wages and overheads, there is still a fair bit of beer money left over.
At 8.8% its more like $10,500/week.
Don't get me wrong, I don't have a problem paying fees, it's just that the majority of PM's in my opinion arent worth what they charge, especially if you break the fee down into an hourly rate.
Dave
Jon Chown wrote:I really can't believe the wingers and tightwads on this site. The difference of one percent on a $300 a week property is $156 a year or $3 a week.Now before everyone jumps on me and reminds me about the "look after the cents and the Dollars will look after themselves" adage, I can't help wondering just how many uncers some of you are getting trying to save the cents.
Jon
Your comments may be fair enough on one IP Jon, but I must ask, were you always able to charge whatever you like in West End/South Brisbane, or has it just been in the last couple of years after it's got real popular?.
Another point would be if I had multiple properties would your argument still wash?
Example: the diference between your "Fair 8.8%" and the rate I get, of a flat 5% , with no extras, saves me $4000/year which increases cashflow to help buy other properties..
Do I get a lesser service? No, The guys I use actually do the same and in a lot of instances a far better service than most agents I have dealt with.
I'd keep shopping it around , I think 8% plus is a bit sharky.
Dave
I was told it was the day of handover.
EG: I signed the contract on some land in Sept. last year, land settled in March, the house was completed 2 weeks ago, and "apparently" that was the day that the ATO works from.
BB
