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Hi Redwing We get $550/WK and on a standard 8% agreement total fees (break down below) add up to around $4050 p/yr which is just over 14% based on a tenant every 12 months but they whack on 3/4 week rent for lease renewal if the tenant stays on anyway. Management @ 8% x 52wks = $2288...

Are you sure that's all inclusive? I found 8 - 9% was the going rate with all other fees on top. I don't pay letting or inspection fees, postage or report fees.

Just an update on my original question. I queried the agent about the 12.5% plus other costs. Apparently a clerical oversight. I have resigned at 12.5% all inclusive except for court appearances. I am vey happy with the PM which means no headaches thus far. The numbers works in my favour if...

RW was the original agent and yes at 12% it did work out cheaper than 8% + extras. I am happy with the PM and will propose 12% all inclusive as per original. Now it raises the Q. Of REAs selling rent rolls and changes to the original agreement. When asking me to sign the new agent said it...

Hi All Just wondering what the current rate is for a GOOD property manager is in Perth. We have had our IP with a good PM for last 12 months paying 12% ALL inclusive (no lease renewal fees etc.). During that 12 months we can't fault them. Theytransferred/sold the rent roll to another...