Hi All. New to the forum and new to being a LL.
Would just like to get some feedback from you all on what are reasonable property management fee's in Brisbane.I have an Agent in mind who I would quite like to deal with however I want to make sure that there is nothing unusual about their fee schedule.
The schedule of costs provided to me includes:
Regular fees:
Management and rent collection = 6% of each weeks rent +gst
Postage and Petties - $5 per month +gst
Water Invoicing and collection fee = 5.5% of money received for water
Letting fee = first weeks rent + gst (no charge for lease renewals)
Irregular fees:
Insurance claims = $88 per claim
Attendance at tribunal = $55 hour + parking
Services includes = 3 annual inspections, monthly rent payment to LL
Are these extra cost (e.g water invoicing) typical costs that you all pay or do some agents factor these costs into their management fee percentage?
Thanks all.
Would just like to get some feedback from you all on what are reasonable property management fee's in Brisbane.I have an Agent in mind who I would quite like to deal with however I want to make sure that there is nothing unusual about their fee schedule.
The schedule of costs provided to me includes:
Regular fees:
Management and rent collection = 6% of each weeks rent +gst
Postage and Petties - $5 per month +gst
Water Invoicing and collection fee = 5.5% of money received for water
Letting fee = first weeks rent + gst (no charge for lease renewals)
Irregular fees:
Insurance claims = $88 per claim
Attendance at tribunal = $55 hour + parking
Services includes = 3 annual inspections, monthly rent payment to LL
Are these extra cost (e.g water invoicing) typical costs that you all pay or do some agents factor these costs into their management fee percentage?
Thanks all.