Search results

Phfftt! I understand just fine how it works. I fear that you don't understand how an investor works. :rolleyes: Anyway, I'm now bored with this conversation. This now has nothing to do with the thread topic, so I feel it is time to move on.

Simon, firstly I don't have an IP, I hold several in several different areas and across more than one State. Secondly, I don't give a flying fig about what is happening in your little part of Australia, because even if things aren't growing at the moment, they will sooner or later, that is...

Wow! Isn't CPI around 3%? This means there is a growth in income at over 3 times CPI. A bit greedy to be wanting more than this, don't you think?

Of course, you are right there, but he should have made that obvious from the start. The Commercial world is a lot different to the Resi world.

Hmm......but once you have the training and experience, you can then take it elsewhere, if necessary. :D I am sure Christine said that one of the reasons that she works where she does was because she was offered a "good deal". :D

Oh, absolutely! I am sure it does.

Although, I would hope that if that Senior PM is employed at a large Agency with a lot of listings and Junior staff to supervise, and is excellent at their job that they would get above this figure. I'm pretty sure my two top ones do. :D

Love that 80/20 rule. The challenge is to find one of the 20 amoungst the rest. That applies to all things in life, not just R/E. :D

I think you've hit the nail on the head Jaycee! While there are proactive PM's out there, they are few and far between. FWIW, My best two PM's hold the majority of my IPs. They charge a realistic fee (less for me 'cause I've got multiples) and don't charge for anything extra, not even...

Well, I have never asked my PM(s) to do renovations for me. I think that would be beyond what is included in the day to day management of the property.

You don't need to change the base fee. It is percentage based which gives you an automatic increase in income. That is $36.40 for EACH property under management. In the last couple of years most of mine have gone up in excess of $100pw, based on your 7% of fees that is $364 per property...

Ah Lil, Kathryn is right. The AGENCY gets paid good money to manage the property. Whether or not they pass that onto the PM is another matter. In many instances the Management Department seems to prop up all the admin for other areas. You pay to have your properties managed, and that...

Oh, don't worry, I'll tell you. As Wylie said, it does not take all that long. That is part of managing, my friend. Give me a break. Just because something is taxdeductible does not mean it is fair and reasonable to charge it. So......you think it a "reasonable fee" to charge $220 for...

Get onto them then. They should reimburse you for the overpayment. I've queried quite a few charges & always get reimbursed.:D

No, that's not standard at all. I have only once been charged that, and that was in a regional area where things aren't as smooth or reliable as my city PM's.