Property Management Fees
Property management services provide you with an efficient way of ensuring your rental property is kept in great condition and your tenants are satisfied. You may be wondering how much this service is and whether or not it is worth it, which is why we have put this page together for you.
How much are property management fees?
Property management fees differ depending on the services you require.
You can take a look at the property management fee on this table to get a better understanding. Our management fee is 9.9 percent of the rent collected each week, and there can be some additional charges for extra services. If there is anything you do not understand, please do not hesitate to give us a call.
Our Fee Structure
of rent for the secured lease period, charged at the start of the lease (REIT scale is 7.9%)
of rents collected per week (REIT scale 13.83%)
per calendar month
Lease Renewal Fee
of rent for the period of the lease extension.
Internet Marketing Fee
per occasion the property is listed on the internet (recovery cost – lists the property on 10 different websites)
Including GST for professional portfolio of photos and floor plan – Virtual Staging $65 per room
Only applies for furnished properties
End of Financial Year Statement Fee
What are the benefits of hiring a property manager?
There are a lot of different benefits that are associated with hiring a property manager. This includes the following:
- Fewer legal problems – Nightmare tenants can end up running up legal problems, which cost both money and time. Property management businesses are up to date on the latest laws, so you have nothing to worry about.
- Lower chance of tenant turnover – As of the effective and quick services that we provide, there is a lesser chance of you encountering a high tenant turnover. Should there be any changes on your side, such as a rent increase, tenants may be more willing to cooperate if they think they are in good hands.
- Point of contact for tenants – Rather than you needing to deal with all tenant issues yourself, a property management business can sort them out for you. Their services can cover a 24-hour abscess and help when a landlord is not available themselves.
- Make sure rent is paid on time – By allowing us to take over, this means that the pressure will be reduced when the time comes to collecting rent payments from challenging tenants. If tenants do not pay their rent on time, we will be able to enforce lease policies and take the required steps to rectify this.
Property management services can differ from provider to provider, so it is vital to keep this in mind. The price difference between agencies can sometimes equate to the price of a cup of coffee per week for a higher value of service.
In the eyes of the ATO, a landlord is like any other type of company owner, and so you do need to pay taxes on the profits you make. Luckily, though, the expenses that are associated with the property are tax-deductible, and this includes property management fees.
If you would like to find out more about our property management service or you have any queries about our property management fees, please do not hesitate to get in touch with us for more information. We would be happy to help in any way we can.