- merystevensMember@merystevensJoin Date: 2004Post Count: 1
I am setting up a tenancy in Sydney for the first time. My agent is asking for 6%. Is this normal? What should I try for?garrytasMember@garrytasJoin Date: 2004Post Count: 36depreciatorMember@depreciatorJoin Date: 2003Post Count: 541
Sounds good to me. I’ve got a couple of places in Sydney.
In answer to your question, what you should try for is a good property manager who is going to do their job. And they’re not easy to find.
I honestly don’t see the point in choosing a PM solely on their management %. Do you choose the cheapest accountant? A PM is managing an investment that is possibly worth hundreds of thousands of dollars.
I moved recently from a PM in Tasmania charging 7% to one charging 9%. The increase in occupancy rates has more than covered any additional PM costs.
But that’s just me.
I reckon it might be an idea for to make a post saying: ‘I’m about to rent out a property in XXXXX. Can anyone recommend a good PM?wealth4life.comMember@wealth4life.comJoin Date: 2003Post Count: 1,248
You get what you pay for – make sure tasks are in writing with performance guarantees – don’t screw them tooooo much we all need to make a living – $10 a week extra equals $520.00 per year – at the end of the day you need to have good raport with them, good luck …