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She has other income streams - yes, there is a trade off. I guess each person/company is different with their approach to their marginal returns on investment. Big is not always better with lower margins at the high volume end... but the long term business goals are different.

There is a new wave of exclusive property managers in Brisbane - small boutique - more personalised service. An acquaintance (and REIQ) trainer specifically does high end properties at full management fees (10% +gst) but she only manages up to 20 at any one time...smart cookie