Is it just me, or are WA PM fees high?
Every IP I have owned , I have used a PM only because I work away and finding the time to do the running around and doing tenant checks, also if there was an issue with the property it can be dealt with quickly etc I felt it was easier and less hassling to pay someone a fee to do this for me.
Recently purchasing an IP in Perth, well im starting to think Im better of printing off a REIWA lease agreement, taking some pictures/advertising, having landlords insurance and doing this myself.
On a $500pw property , looking at approx $310-$350 P/month in fees.
Letting Fees, Leasing fees( 2weeks rent), Management fees, Inspections etc
or all inclusive for around 17% (ray white)
what are other peoples experience with this, is it a case of dry the eyes princess and welcome to IP in WA? or have other investors done the work themselves and what were some outcomes?
Any input appreciated.
Cheers
Wirra
Every IP I have owned , I have used a PM only because I work away and finding the time to do the running around and doing tenant checks, also if there was an issue with the property it can be dealt with quickly etc I felt it was easier and less hassling to pay someone a fee to do this for me.
Recently purchasing an IP in Perth, well im starting to think Im better of printing off a REIWA lease agreement, taking some pictures/advertising, having landlords insurance and doing this myself.
On a $500pw property , looking at approx $310-$350 P/month in fees.
Letting Fees, Leasing fees( 2weeks rent), Management fees, Inspections etc
or all inclusive for around 17% (ray white)
what are other peoples experience with this, is it a case of dry the eyes princess and welcome to IP in WA? or have other investors done the work themselves and what were some outcomes?
Any input appreciated.
Cheers
Wirra