Hi, I'm new to the investment game and have only just started looking at properties to buy.
I've have read up a bit about the subject and browsed the forums and it seems that the consensus is to have a manager look after your property. The general feeling is that it's worth it considering the cost involved.
However I was looking at a unit that is $98000 to buy and renting for $125 pw. The fees involved are:
Agents fees 9.3% = $604.5
1/4 inspection fees($45) = $180
6mth bond inspection($60) = $120
letting fees (say 2 * $125) = $250
Total = $1154.5
This looks a bit expensive to me or is this generally what is to be expected?.
I've have read up a bit about the subject and browsed the forums and it seems that the consensus is to have a manager look after your property. The general feeling is that it's worth it considering the cost involved.
However I was looking at a unit that is $98000 to buy and renting for $125 pw. The fees involved are:
Agents fees 9.3% = $604.5
1/4 inspection fees($45) = $180
6mth bond inspection($60) = $120
letting fees (say 2 * $125) = $250
Total = $1154.5
This looks a bit expensive to me or is this generally what is to be expected?.