I am about to get possession of my first IP (in Girraween, nsw) and looking for PM to manage it. One of the PMs got back with these fees:
Leasing fee: one week rent + gst
Tenancy agreement: $15 + gst
Management fee: 5.5%
Statement/admin fee: %5.50 per statement
Applying for tribunal: $37
appearing at a court: $55/ph
Are these normal or should I shop around? Also, the PM asked to get property checked for water efficiency and recommended (not compulsory) a landlord insurance at cost of $345 per year with EBM Insurance.
Suggestions please.
Leasing fee: one week rent + gst
Tenancy agreement: $15 + gst
Management fee: 5.5%
Statement/admin fee: %5.50 per statement
Applying for tribunal: $37
appearing at a court: $55/ph
Are these normal or should I shop around? Also, the PM asked to get property checked for water efficiency and recommended (not compulsory) a landlord insurance at cost of $345 per year with EBM Insurance.
Suggestions please.