Just wanted to know what % of your rent do you pay your PM to look after your property?
I have a couple of properties in Canberra and I have a good PM that looks after the places very well(is friends husband)that charges me 11% of my weekly rental.
For anyone that has more than one IP what % do you pay, are you happy with what services they give you for the $’s.
Cheers
Jenny1
Over here in Wa the going rate seems to be 9.35% of rent (that includes the GST) plus other things like, postage, petties, inspection reports etc are all additional charges.
All mine that are managed by PM’s are at this rate.
Regards
PKPurplekiss I pay 11% (incl GST) and pay extra for postage and petties.
I don’t want to manage them myself, just wondering if people are getting better deals for multipule properties
Jenny1
We only have an agent managing one of our IP’s – the rest we look after. The managed one is in Battery Point in Hobart and we pay 8% per week flat fee with no other charges like postage etc. The initial offer was about 12% which we declined.
Wow 11%, We pay 7% for 1 and 6% for more + gst.
Robo
Coffs Hbrpaying 8.5% and 9.35%
*SUCKS* Compared to some other states, the option and headache is to self-manage…“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi,
I’m in Melbourne and pay 4.5%. I don’t know if they’re any good since we have a dream tenant who treats the place as her own. However, it’s never been empty for any longer than a couple of weeks.
Landt.We also have additional costs on top of the Management fees such as inspections etc etc in WA
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorRural NSW 7.7% and 8%.
Cheers
GeoffB7.5% in Central QLD
My three Perth properties are pegged at 6.7% + GST, 7.7% inc GST and 7.5% + GST.
Petties and inspections additional.
All are with different agents. Bear in mind I also have the advantage of weight of numbers.
Derek
[email protected]
0409 882 958
Property investment advice and researched property in quality locations available.Derek
Unfortunately I have other properties but in other states and with different agents!
Think I need to talk turkey to him re comm and see what he says.
Cheers
Jenny1
Jenny1,
Used to pay 8.5% plus ‘extras’ = ~ 12% in Perth for 1 RIP.
Got it down to 6.5% flat when 3 were offered.
Ended up pulling out and now pay nothing.
We think the time vs the payment is worth it. We used to find it hilarious when we authorised the PM to pay our CR/WR/LT and other bills on our RIP’s….we went about 5 months without rent being credited….after that the PM fees and petties chewed up the 6th month….we stopped laughing eventually and ran them off.
Happy days ever since.
Cheers,
Dazzling
“No point having a cake if you can’t eat it.”
5.5% in Sydney, 7.5% in Queensland
“What you want in your life occasionally shows up…
what you must have… always does.” . . . . . Doug Firebaugh
May God Prosper you.[biggrin]
MarcWe pay 8.8% in Adelaide.[blink]
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