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Hey NotAllPMsRBad, I never said PMs should be beaten down, certainly not mine; they're a great bunch, and I know they work professionally (and hard at) managing my properties. They save me a great deal of time and headaches!! All I'm saying is, I don't agree with the "re-letting" fee to...

Thanks cu@thetop, I understand what you're saying and of course, I would never recommend to anyone that he/she should opt for the cheapest agent simply to save a dollar. If it means you have to pay more for a better service, then it should be considered money well spent. As I said, I...

:rolleyes: I should have realised, I don't know why I was thinking psychological game-playing :rolleyes: ??? as opposed to financial strategy...Go figure...:cool: Okay look..... I know you're not (wanting to) argue with me (nor do I, with you) and frankly I'm over trying to explain it...

Bottom line, don't care, if I can prove it (and believe me I'd be prepared to spend the "extra" money trying) the mere fact that "I smell a rat" and I have not been informed of the agent's concerns about said tenants until such time as these claims were made, would be enough for me to deem that...

If my agent said that my next question would be "why is the first I've heard of this?" to which he/she had better have an absolutely plausible response otherwise I'd advise him/her that I will be taking my business elsewhere!! I align mine with my own; I'm not in a partnership with them, but I...

Fair enough James, each to their own.:) But I can't help but ask: How did this extension come about? If it was at the request of the tenant seeking to extend; then IMO no value was added (by the agent) because it would have continued regardless of anyone's efforts, and the lease could...

As an agent (former? sorry James not sure if you're still in that game) I would expect this sort of view. Just to clarify though, reletting (to the same tenants)/extending a lease was a "no fee" clause that I INSISTED on as part of signing up with my current PM. Not because I was being...

Ditto! SACK YOUR PM.

Absolutely correct! Amend the original document....Change the 6 to a 12 have all parties sign it, and give your PM a handshake and say thanks. If not, take your business elsewhere and happily pay the 1-2 weeks (total) reletting fee! If my PM charged me so much as 1c (given the number of IPs I...

Repeat.... SACK YOUR PM!!! I know some PMs do it, but depending on the kind of landlord you are, how many IPs you bring to their business, etc. You should not be charge ANY fee for extending a lease, because at the end of the day, the PM will benefit enough with increased commission...

Sack your PM!!!

Depending on what your weekly rental is for IP3 that may be right. If your rent is $250 p/w then you may have been charged 2 weeks rent (hence the $500) as the letting fee, where previously you may only have been charged for one! Most agents take between 1-2 weeks rental (plus their usual...