me and my friends rant from last night
We all know that some agencies charge a lot higher rates for certain areas due to being a difficult/rough area, thats fine by me and understandable
What gets to me is certain areas or states or regions where EVERY agent has far higher fees, due to no particular reason other then they can and everyone else is doing it, and no one is ballsy enough to change it
and when you ask them why their fees are so high, they cant give a valid justification such as "oh we have to pay rent" or "we have to pay the secretarys salary" or "we work very hard" or "we do a very good job"
Its like they act as though they are the only people in the country who pay rent, or have a secretary or do a good job.
My friend has just got a property managed for 5.5% with 1 week letting fee in Melbourne, this is the agencies standard rates, he didnt even negotiate
for me most of my properties are on 7.7% inc gst,
however, I have a few that I negotiated down from 9.9% to 8.8% through multiple properties, while the letting fee is 2 weeks + gst
I have another agency who refuses to budge down from 9.3% even with the threat to remove all my properties and with the enticement of another property
these properties range from VIC, QLD, NSW, SA
AmI missing something?
Its the agencies that charge 9.9% are the ones that do a good job, pretty much no different to a 6.6% agency but always try and justify their fees by almost being on their high horse as though their job is harder or their rent is higher
that is unless the PMS in the area get paid 50% more then the average, which I highgly doubt
We all know that some agencies charge a lot higher rates for certain areas due to being a difficult/rough area, thats fine by me and understandable
What gets to me is certain areas or states or regions where EVERY agent has far higher fees, due to no particular reason other then they can and everyone else is doing it, and no one is ballsy enough to change it
and when you ask them why their fees are so high, they cant give a valid justification such as "oh we have to pay rent" or "we have to pay the secretarys salary" or "we work very hard" or "we do a very good job"
Its like they act as though they are the only people in the country who pay rent, or have a secretary or do a good job.
My friend has just got a property managed for 5.5% with 1 week letting fee in Melbourne, this is the agencies standard rates, he didnt even negotiate
for me most of my properties are on 7.7% inc gst,
however, I have a few that I negotiated down from 9.9% to 8.8% through multiple properties, while the letting fee is 2 weeks + gst
I have another agency who refuses to budge down from 9.3% even with the threat to remove all my properties and with the enticement of another property
these properties range from VIC, QLD, NSW, SA
AmI missing something?
Its the agencies that charge 9.9% are the ones that do a good job, pretty much no different to a 6.6% agency but always try and justify their fees by almost being on their high horse as though their job is harder or their rent is higher
that is unless the PMS in the area get paid 50% more then the average, which I highgly doubt
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