Hi
I have been self managing one of my IP's but due to travelling for 6 months I am passing to a PM.
The letting fee seems quite steep - 8.5% on the term of the lease (up to 12 months). The property will be let at $150 per week and this adds up to $705 per annum (with the tenant contributing $150 only if a 12 month tenancy) - this still leaves $555 and does not include advertising.
Other fees are all plus GST:
8.5 % management
property condition report $80
Bond inspection $50
quarterly inspections @$40 each
Petties $5 per month
How does this compare to others? It is the letting fee that bothers me!
Thanks
Luc
I have been self managing one of my IP's but due to travelling for 6 months I am passing to a PM.
The letting fee seems quite steep - 8.5% on the term of the lease (up to 12 months). The property will be let at $150 per week and this adds up to $705 per annum (with the tenant contributing $150 only if a 12 month tenancy) - this still leaves $555 and does not include advertising.
Other fees are all plus GST:
8.5 % management
property condition report $80
Bond inspection $50
quarterly inspections @$40 each
Petties $5 per month
How does this compare to others? It is the letting fee that bothers me!
Thanks
Luc