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Yes - PMs in WA charge like the proverbial....because they have a cosy little REIWA club going over here and 3,000km worth of desert between them and some serious competition. Our very first house in WA was put under management....we also had no idea what the hell we were doing / reading /...

Sounds like you've got some dirty family laundry that probably doesn't need to be splashed over the internet. Seems like you know what the problem is, which is always the biggest step...now you just need to sort it out. Good luck with it all. You'll be alot wiser with your 2nd acquisition...

Don't feel bad....you're very similar to most people on earth who also don't read and/or understand what they sign. Take comfort that you are in the vast majority. Only the people who sign the agreements authorising them.

I agree, PM fees can be a real killer.