Finding the right real estate agent

Viewing 3 posts - 1 through 3 (of 3 total)

gliss
Participant
@gliss
Join Date: 2012
Post Count: 3
August 25, 2014 - 11:26 am
Hi guys,
My partner and i have property in Brisbane, we already have somebody managing our property but they are not doing a good job and we think may be a little pricey. Does anyone have any tips on finding a better agent? What are the average rates one should be paying per month for an agent? what questions should be asked?
Kind Regards
Glenn
Kylie Walsh
Participant
@kylieppi
Join Date: 2014
Post Count: 23
August 25, 2014 - 5:30 pm
Hi Glenn
Some tips and questions from my own personal experience
1. How often do they do physical inspections of the property and is it the person you are dealing with who carries out these inspections
2. How often is rent paid into your account
3. How many properties do they personally look after within the company
4. How long have they been at the company and in the position
Also when you sign a rental management agreement it is standard they put in 90 days written notice has to be given when terminating a contract. I always cross this out and put 30 days so you can change easily if they are not performing.
I had 7 property managers in 5 months from one company so unfortunately learnt the hard way.
The standard rate is 8% plus GST but may vary slightly.
Hope this helps
- This reply was modified 10 years, 2 months ago by Kylie Walsh.
Kylie Walsh | PPI Investment Advice
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Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
August 25, 2014 - 7:05 pm
Hi Glenn
I have one or two or 40 properties in Brisbane and it is a big City.
Which part of town is your property in ?
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender