In the next few months i will be moving out of my unit and into another which i recently built.
I am leaning towards employing a PM to take care of everything to save any headaches and this will give me the time to slowly acquaint myself with the laws and dealings with tenants and then maybe if it is all worth saving alittle money every month take over as PM myself.
For now i would just like to know what is the current % charged for a RE to manage my property and also how much is reasonable to pay an agent to find me a tenant.
I rang a few agents and they said im looking at 1 1/2 weeks rent to find me a tenant if i choose to manage the property myself after that or 1 weeks rent and then they will manage the property from then on.
I failed to ask how much % they charge to manage it.
Also are these figures negotiable. Is it worth ringing one agency and get then to give me a good deal then ringing others in the area and try to crunch them down to below what the last one quoted me, or is this bad practise on my behalf?
Your imput would be very much appreciated.
I am leaning towards employing a PM to take care of everything to save any headaches and this will give me the time to slowly acquaint myself with the laws and dealings with tenants and then maybe if it is all worth saving alittle money every month take over as PM myself.
For now i would just like to know what is the current % charged for a RE to manage my property and also how much is reasonable to pay an agent to find me a tenant.
I rang a few agents and they said im looking at 1 1/2 weeks rent to find me a tenant if i choose to manage the property myself after that or 1 weeks rent and then they will manage the property from then on.
I failed to ask how much % they charge to manage it.
Also are these figures negotiable. Is it worth ringing one agency and get then to give me a good deal then ringing others in the area and try to crunch them down to below what the last one quoted me, or is this bad practise on my behalf?
Your imput would be very much appreciated.