Hi there.
I've been using a rental specialists agency for my portfolio in Darwin and all competition is the same there. Rates are 10% +GST..
My management company hasn't really been good this past year or so because they're so busy. I don't think they do anything that other agencies don't, they don't even send me photos! I called them yesterday and told them I was considering switching, I wanted to know exxactly what fees I was paying, they said they'd call me back but never did..
I had a tenant break a lease not long ago at $400p/w, it sat vacant for 6 weeks before the tenant finally said enough was enough. Agent didn't know why there was no interest in the property.. I look on rea.com and find that rents in the area had dropped $40-$50p/w, I drop it $50 and get a tenant straight away.. Why did the PM say she did not know why we had no interest??
Theres a smaller REA co that have a property management side, they have 2x employees, and manage around 200 properties. their rate is 6% +GST.
Thuis would save me thousands per year. Other fees are the same as I pay now, which I wasn't expecting.
I know that most say 'you get what you pay for' and I'm a little scared of the unknown but as far as I can tell, this place may even do a better job than I receive now (not hard to do though) AND they take quarterly inspection photos for me.
I think I'll be changing over.
Just had to share.
I've been using a rental specialists agency for my portfolio in Darwin and all competition is the same there. Rates are 10% +GST..
My management company hasn't really been good this past year or so because they're so busy. I don't think they do anything that other agencies don't, they don't even send me photos! I called them yesterday and told them I was considering switching, I wanted to know exxactly what fees I was paying, they said they'd call me back but never did..
I had a tenant break a lease not long ago at $400p/w, it sat vacant for 6 weeks before the tenant finally said enough was enough. Agent didn't know why there was no interest in the property.. I look on rea.com and find that rents in the area had dropped $40-$50p/w, I drop it $50 and get a tenant straight away.. Why did the PM say she did not know why we had no interest??
Theres a smaller REA co that have a property management side, they have 2x employees, and manage around 200 properties. their rate is 6% +GST.
Thuis would save me thousands per year. Other fees are the same as I pay now, which I wasn't expecting.
I know that most say 'you get what you pay for' and I'm a little scared of the unknown but as far as I can tell, this place may even do a better job than I receive now (not hard to do though) AND they take quarterly inspection photos for me.
I think I'll be changing over.
Just had to share.
