Hoping to get some ideas from the forum.
I am currently in a situation where I had an agreement in place with a real estate agency for a % fee to manage my properties + 1 weeks rent.
They sent me a lovely letter stating that their costs had increased and they were increasing their fees and they could no longer continue with our agreement. (I have several properties with them)
Now they want -
$220.00 relet fee (highway robbery)
2 weeks rent for new lease
$110.00 for initial property condition report
$45.00 quaterly and six weekly inspections
$88.00 final condition report
$44.00 each financial statement
and the list goes on, fee for organising quotes, tribunal attendance
$25.00 internet advertising.
Tried to negotiate with them but they wont budge best they can do it reduce the relet fee to $110.00.
Problem is I don't think other agencies in the area are much better but I guess its a case of negotiating with them.
My old property manager left recently and has another job (not as a PM). I was thinking of approaching her to see if she would be interested in managing my portfolio. Thing is I don't know how to structure the payment and how much of the management to outsource and what to pay her.
Would appreciate any ideas before I approach her.
I am currently in a situation where I had an agreement in place with a real estate agency for a % fee to manage my properties + 1 weeks rent.
They sent me a lovely letter stating that their costs had increased and they were increasing their fees and they could no longer continue with our agreement. (I have several properties with them)
Now they want -
$220.00 relet fee (highway robbery)
2 weeks rent for new lease
$110.00 for initial property condition report
$45.00 quaterly and six weekly inspections
$88.00 final condition report
$44.00 each financial statement
and the list goes on, fee for organising quotes, tribunal attendance
$25.00 internet advertising.
Tried to negotiate with them but they wont budge best they can do it reduce the relet fee to $110.00.
Problem is I don't think other agencies in the area are much better but I guess its a case of negotiating with them.
My old property manager left recently and has another job (not as a PM). I was thinking of approaching her to see if she would be interested in managing my portfolio. Thing is I don't know how to structure the payment and how much of the management to outsource and what to pay her.
Would appreciate any ideas before I approach her.