Sundry Fees

Just received my first IP statement from the PM.

Apart from the managing fee item, there is an item called sundry fee.
Do you have this and how much is yours?
 
Yes all PMs will charge it... Its also known as postage & petty.

Anywhere from $5 up to as high as $10 gst inclusive per month.

Its covers incidentals like phone calls, paperwork costs, postage etc etc.

IMHO, just another way to get some more money from you as I believe all this should be covered in the manangement fee they already charge you .
 
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