My property manager said I will still have to pay a weeks rent for a letting fee even though I have already found possible tenants myself without any advertising yet. We have not starting any lease or anything but the PM is looking after another property as well and I mentioned to them I would like them to manage my PPOR which is soon to become an IP as I travel overseas.
Is it normal for a PM to make you pay a weeks rent for a letting fee even though they don't have to do any advertising and finding the tenants? They will have to do all the usual things like checking references for the tenants etc and I will be paying them only 5.5% for management fees.
Is it normal for a PM to make you pay a weeks rent for a letting fee even though they don't have to do any advertising and finding the tenants? They will have to do all the usual things like checking references for the tenants etc and I will be paying them only 5.5% for management fees.