What are the typical percentage rates that you pay to real estate agents to manage your commercial property? I've read that some people pay around 4-5%+GST and that it is usually below the percentage paid for residential property. Is this correct?
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Is there much work to do for managing a commercial property, as compared with a residential?
I've been quoted 8% plus GST for a property getting $27k pa, which from what has been said is a lot. The PM doesn't appear to do much else but collect the rent- the present owner deals with expenses and getting reimbursed from the tenants.
What are the grants mentioned?