Letting fee-
From 8.5% to 9.35%
Fixed letting fee for each new tenant-
From N/A to 2 weeks rent +GST (less 1 week if paid by tenant)
What’s the difference between the two?
My letting fee is either one week’s rent (I’ve heard that you guys in WA have it tough with the two weeks thing. Never heard of a tenant having to pay a letting fee over this way!!) or2.3% which works out to be just more than 1 week’s rent.
Management fee-
From 8.5% to 9.35%
That’s steep with all charges below on top. We get 7.5%, plus some, not many charges below. We used to get 6.6%, but had just about ALL charges below – I know which is better. I’ll take the 7.5% anyday!
Property condition report-
From $60 to $80
I think mine is about $70
Final bond inspection-
From $38.50 to $65
Never heard of this one. I would assume that is what you are paying the management fee for!!!
Inventory reports-
From Nil to ‘by negotiation’
If this is different to the condition report (how?), then I only ever get charged the inventory, which is $70 – complete with digital photos on CD etc.
Routine inspections-
From $38.50 to $45
Part of management!!
Court Attendances-
From Nil to $99 p/hr
Assume tribunal? I think we got hit with $150 flat fee, but can’t be sure…. I have paid $150 though
Postage and Petties-
From $5.50 p/mth to $5.50 p/mth (same)
Is that per property? We were ($10 per month on the 6.6% fee, 5.50 on the 7.5%, but they are only charging us for one prop which is good)
Meeting attendances-
From Nil to $99 p/hr
Meeting with who? Different to the court/tribunal? Better not charge for meeting with landlords or tenants…
Advertising-
From ‘as applicable’ (?) to $60 p/wk max when letting IP
I think you’re better with a set max – our 6.6% agent charged us about $50 per ad per property (and they ran 2 per week for several properties!). Our 7.5% agent charges a max of about $25 per week, they cover the rest cos they know it’s advertising themselves more so than our props.
Redwing, I’d start shopping around!!!! These rates are outrageous!!
Note: Comments coming from somebody who owns no property in WA, and therefore has no experience with how the agents do it over there.
Cheers
Mel
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