Hi Everyone!
I'm looking at renting out my Unit in Brisbane's North, Grange 4051. Can anyone
recommend a real estate agent and/or property manager to manage my unit?What type costs and ongoing expenses are involved? What can I expect?
It’s my first investment property so any advice would be greatly appreciated.
Thanks!
Use these guys – http://www.propertypursuit.com.au/manage/manage/ they are very good and they can also assist you with purchasing your next IP!!
Give Jason a call and he will provide you with costs and details:
Jason Hetherington, General Manager & Licensee P: 07 3118 8565 | F: 07 3118 8568 | M: 0421 085 086Hi Jaclyn,
I have had good experiences with Ray White, but not in that particular area (mine was in Logan).
I think you should expect to pay 7 to 8% in commissions and management fees as standard, you can probably do better if you negotiate.
Therefore if you are going to be getting $300/week for your property, you will pay around $21 to $24/week in fees. These are tax deductible.
It's wise to look at what your manager charges for additionals such as, letting (new tenant), re-letting (existing tenant renewing lease), postage (for sending you correspondance), advertising etc
My current manager charges 1 week rent + GST for new tenants and 1/2 week rent + GST for re-letting.
Hope this helps.
Darren.
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