Hi,
This is my first post in 2011. Our 4th IP settled on 25th Jan 2011. I sent an email to our property manager and asked her to send me property management contract with a good deal.
(1)We pay 8.5% management fee. When I read the contract, I foundout that the contract say, 8.5% of all money received. Does it mean they charge 8.5% of rent, 4 weeks deposit/bonds, any water charges received from tenant?
I think, it should be rent only. Can anybody help me?
(2) We pay two rents as leasing fee. She offered me one week leasing fee for all 4 IPs if I sign the new contracts for next two years.
(3) $150 for property report, that includes DVD but we never received DVD. Do they keep it for their records?
(4) $40 for 3 monthly inspection.
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I am thinking to ask for (1) 7.5% of rent received only (2) 1 week leasing fee
What are your thoughts.
Regards.
This is my first post in 2011. Our 4th IP settled on 25th Jan 2011. I sent an email to our property manager and asked her to send me property management contract with a good deal.
(1)We pay 8.5% management fee. When I read the contract, I foundout that the contract say, 8.5% of all money received. Does it mean they charge 8.5% of rent, 4 weeks deposit/bonds, any water charges received from tenant?
I think, it should be rent only. Can anybody help me?
(2) We pay two rents as leasing fee. She offered me one week leasing fee for all 4 IPs if I sign the new contracts for next two years.
(3) $150 for property report, that includes DVD but we never received DVD. Do they keep it for their records?
(4) $40 for 3 monthly inspection.
-------------------------------------------
I am thinking to ask for (1) 7.5% of rent received only (2) 1 week leasing fee
What are your thoughts.
Regards.