Hi there,
I have just decided that i will need to rent out my apartment for the next 12-18 months. It is an apartment in melbourne CBD with a value of around 700k. I will be renting it out fully furnished for approxiametly 750-800 per week.
I have had 2 real estate agents around to view the property, each with very similar fee structures. These are 4% leasing fee, 7% montly management fee and 1% re-leasing fee. Upon departing, the 2nd agent hinted that these fees were 'negotiable'. I just wanted to check on this forum exactly which of the above fees would be 'negotiable' ( i.e. just the management fee or both)and from past experience can anyone shed any light on the lowest anybody thinks that i could get the fee for?
There is also an advertsising fee of $155 which seems pretty fair?
Any feedback would be greatly appreciated.
Thanks, James
I have just decided that i will need to rent out my apartment for the next 12-18 months. It is an apartment in melbourne CBD with a value of around 700k. I will be renting it out fully furnished for approxiametly 750-800 per week.
I have had 2 real estate agents around to view the property, each with very similar fee structures. These are 4% leasing fee, 7% montly management fee and 1% re-leasing fee. Upon departing, the 2nd agent hinted that these fees were 'negotiable'. I just wanted to check on this forum exactly which of the above fees would be 'negotiable' ( i.e. just the management fee or both)and from past experience can anyone shed any light on the lowest anybody thinks that i could get the fee for?
There is also an advertsising fee of $155 which seems pretty fair?
Any feedback would be greatly appreciated.
Thanks, James