About to sign a Property Management Schedule now I have looked at 3 real estate agents in my area and all are basically the same just very minor differenes.
It seems 8.25% management fee inclusive of GST is standard unless you can negotiate less Will give it 12 mths and see if its worth the monies.
My question is in the "rent payment" it says the rent is paid into my account monthly I'm more inclined to have it paid weekly. My reason its there to reduce my interest not make them money by using my money (so to speak). Of course interest saved is bugger all (have not worked out) to be honest and proberly not worth worrying about. Of course the other thing is at least I can see the rent is being paid and not find out 4 week down the track there is an issue.
What are others doing ?
Will say the agent did say try to rent at 360 per week I was only looking at 320 and had had a few hits and agent has said application will be in Monday. A yeild of 7.2 not great but ok.
So happy about that.
Brian
It seems 8.25% management fee inclusive of GST is standard unless you can negotiate less Will give it 12 mths and see if its worth the monies.
My question is in the "rent payment" it says the rent is paid into my account monthly I'm more inclined to have it paid weekly. My reason its there to reduce my interest not make them money by using my money (so to speak). Of course interest saved is bugger all (have not worked out) to be honest and proberly not worth worrying about. Of course the other thing is at least I can see the rent is being paid and not find out 4 week down the track there is an issue.
What are others doing ?
Will say the agent did say try to rent at 360 per week I was only looking at 320 and had had a few hits and agent has said application will be in Monday. A yeild of 7.2 not great but ok.
So happy about that.
Brian