Most managing agents I find look upon properties and owners as cash cows to be milked to the maximum. That is why they devised such ridiculous rules as charging owners a percentage for managing, and then have add-ons like property codition reports, bond inspections, postage and petties, sign removals, routine reports, limited only by their imagination as to what else they can charge!
They actually consider the % fees as their right for consenting to be able to charge the owner the add-ons. The % fee is budgeted as the firm’s owner take, and the property manager has to organize his/her daily schedule to routine inspect, usually unnecessarily, in order to earn their day’s wages
