What do you think of the following? Expensive? Any advice would be good. I wish I hadnt left all the research till the last minute but I guess its better late than never hey. I wont be rushing into signing any contracts until i talk to a few pm's. 2 pm's are coming in the morning. Hope someone will reply to my thread in time. Sorry to leave this so late, work and other stuff has been so busy and time got away from me, time flew past and I guess I got distracted and forgot. ooops
Total of tenants in database are 9000
Exclusive Management Authority
Two year term of agreement - Good idea ? or go for a 1 year contract
Here are the agents fees for services
Marketing and Advertising expenses - On the internet up to a maximum $199
Leasing fee for each new tenancy ? Equivalent of 2 weeks rent plus GST
Management fee is 9.3% of Gross collections
Property Condition report fee at the commencement of each tenancy $210
Final Bond inspection at the termination of tenancy $210
Inventory report fee $110 if applicable
Routine inspection report fee $75 (every 3 months)
Lease renewal/negotiation fee ? equivalent to 1 weeks rent (gross amount)
Annual financial summary required yes/no - $110 per report
Court tribunal preparation and attendance - $99 per hour up to a maximum of $490 per claim against tenant
Admin Fee - $7.50 per month
Meeting attendance - $99 per hour up to a maximum of $495
Title Search fee $22 per search
Professional photography $120
The above agreed agents fees will be reviewed each year of the term or any extension or renewal by an increase of 5%. Eg if an agent fee was $10 and a 10% increase applied then the new fee would be $11
Total of tenants in database are 9000
Exclusive Management Authority
Two year term of agreement - Good idea ? or go for a 1 year contract
Here are the agents fees for services
Marketing and Advertising expenses - On the internet up to a maximum $199
Leasing fee for each new tenancy ? Equivalent of 2 weeks rent plus GST
Management fee is 9.3% of Gross collections
Property Condition report fee at the commencement of each tenancy $210
Final Bond inspection at the termination of tenancy $210
Inventory report fee $110 if applicable
Routine inspection report fee $75 (every 3 months)
Lease renewal/negotiation fee ? equivalent to 1 weeks rent (gross amount)
Annual financial summary required yes/no - $110 per report
Court tribunal preparation and attendance - $99 per hour up to a maximum of $490 per claim against tenant
Admin Fee - $7.50 per month
Meeting attendance - $99 per hour up to a maximum of $495
Title Search fee $22 per search
Professional photography $120
The above agreed agents fees will be reviewed each year of the term or any extension or renewal by an increase of 5%. Eg if an agent fee was $10 and a 10% increase applied then the new fee would be $11
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