Looking for real estate agent for renting my 1st investment property in Frankston, Vic. Any recommendations and what rate of commission is reasonable?
I have found that I prefer to use franchise real estate agents (such as L.J.Hooker or Raine & Horne) instead of small local real estate agents. I have found that they are easier to work with and are better to work with. But obviously this is not always the case.
Real estate agents generally charge 7-8% of the rental income of a property. They also charge 110% of one weeks rent every time they need to lease the property out to a new tenant.Ryan McLean
http://CashFlowInvestor.com.au
Positive Cash Flow Properties Are Just A Click AwayRyan McLean | On Property
http://onproperty.com.au
Email MeTry Harcourt, talk to a few others but any management agreement you sign, have termination clause on receiving of written notice because some agents have asked landlord to sign a 3 months termination notice, this can be frustrating when you want to change managing agent. Watch out for Ray White – not happy -prospect tenants want to inspect property made them wait over two weeks before showing the property. Hocking (sale)- have to call them up every time for any update on the selling progress.
**Very import – Must buy the landlord insurance.
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