Hi all,
Going through my PM Schedule and it seems a little excessive. This is my 1st interstate IP. It is on the Gold Coast.
Letting commision 1 weeks rent.
Rent colection commision %5.5
Management fee %3.3
Lease negotiation/Renewall fee 1/2 weeks rent.
end of fin year stat $8.50
mediation/tribunal hearing fee $55 per hour
end of lease touch up $66
Advertising $5 per month
newpaper at cost
smoke alarm insp/bat $5.50 per alarm + costs
Reading water meter-end of leae $3.50
invoicing collection water costs $3.50
Admin expenses $7 per month.
It seems there is alot of unnecessary expenses included here.
Any thoughts?
Going through my PM Schedule and it seems a little excessive. This is my 1st interstate IP. It is on the Gold Coast.
Letting commision 1 weeks rent.
Rent colection commision %5.5
Management fee %3.3
Lease negotiation/Renewall fee 1/2 weeks rent.
end of fin year stat $8.50
mediation/tribunal hearing fee $55 per hour
end of lease touch up $66
Advertising $5 per month
newpaper at cost
smoke alarm insp/bat $5.50 per alarm + costs
Reading water meter-end of leae $3.50
invoicing collection water costs $3.50
Admin expenses $7 per month.
It seems there is alot of unnecessary expenses included here.
Any thoughts?