HI,

When it comes to managing your property think of it in these terms.
Would you ask your Dr for a discount on an operation, or are you happy to pay a fair price for the service that you get.
If you are able to easily negotiate the rate that the property manager charges down, how do you think they will go when they are negotiating on your behalf to secure a high rent???
Dont just look at the % that they charge you look at the added extra’s. It is becoming more common to charge for inspections, rent renewals etc. The manager that i use charges a flat 12% + 2 weeks letting fee and $5.50 admin nothing more. They dont charge to re sign so if you have a tenant that stays for 4 year s it only costs you 2 weeks rent (my old property manager would have charged at least 5).
But when its all said and done the good property managers charge about the same (the ones that discount do so for a reason – they cant keep the business that they have)

Think about it

Rob
if your in debt $10,000.00 its your problem, if your in debt $1,000,000.00 its the banks!!

Just a note regarding Byronents comments about the cultivation of cannabis. It is illegal in all states and territories of Australia to participate in the cultivation, position or sale of cannabis, further possession for ‘personal use’ is not a defence. It is also an offence to give cannabis away either for free or as part of a bartering type system. The cultivation of cannabis and the position of cannabis to certain levels has been de-criminalised in South Australia. This however does not mean that it is no longer illegal, merely that the process for dealing with small quantities has moved away from the court system to the law enforcement authorities. Therefore, a landlord can act on the grounds of illegal activity being carried out on their premises.

It is important to note that comments made in this forum are advice only. It would be advantageous that people posting would only include information that is based on fact not general consensus.