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No, not an agent, and no insider information. No idea whether this practise exists or hwo common it is. There's a whole body of social science research based on "game theory" - which is nothing to do with "playing games" in the sense that you're referring to. It's about how people behave when...

I totally agree it's unethical, but you'd never be able to prove or disprove whether an agent's opinion to you wasn't justified. I just think that it's commonsense that any business rewards system should be structured so that both parties benefit from the optimum outcome. You should give them...

If you're happy to pay $350 or $700 (1 or 2 weeks' rent) as a letting fee, but zero as a re-letting fee, it sounds to me like you're giving your PM a big incentive - in a reasonably hot rental market - to say to you "I wouldn't re-sign them; this tenant's been a nightmare, ringing us every day...

What do you think is a reasonable re-letting fee, Monopoly? Or do you expect them to prepare a new lease for nothing? :confused:

Ah, as I suspected, they've charged half a week's rent as a re-letting fee. I only pay a flat $50 for re-letting, but half-a-week's rent is within the range of normal, too, I believe (and my rents are per-room, so $50 is still >25% of a week's rent). If you weren't happy with that level...

At first I was thinking "bargain - less than a week's rent". But based on Monopoly's response, I re-read it. Are you saying that you'd paid the letting fee (one or two weeks or whatever), then you paid an EXTRA $192.50 simply because the rent went up $10 per week? If so, they've taken...

I'm with family guy; the % fee is for managing your property - collecting rent, issuing any notices required, arranging repairs, handling tenant queries - all the zillion things that PMs do. They still have to do all this in the first two weeks; the fact they've collected a letting fee is for a...