Hi,
Looking to find a property agen for a property in Bunbury WA. Any recommendations?
I am new to the game and not sure what is reasonable and what my rights are. My current one is pricy and they charge leasing fee and management fee and property condition report and final bond inspection and routine inspection fee for an inspection every quarter. I live in a metro city and i am not used to this as seems excessive. What are your experiences?
Thanks
Howdy,
The things you describe are pretty normal for a residential property manager to charge.
From my experience:
Management: 6 to 10% of rent
Leasing: 1 month’s rent
Inspections: $100 to $200 per inspectionThe cost, while important, is incidental to the service. A good manager – one who is diligent, attentive and responsive (proactive not reactive) will be a godsend.
Be careful not to make the common mistake of buying a premium property, but choosing a budget property manager. As I have said and written many times: money follows management. A good property manager will turn a bad property good, and a good property great. A bad manager will turn a great/good property to poor or worse.
All the best,
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Thank you Steve. Appreciate the info
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