Property Management Fees Explained

Property Management Fees Explained

LETTING FEE

The letting fee amount is based on the term of the lease and is only charged once a tenancy agreement has been entered into.

WHAT SERVICES DO LETTING FEES COVER?

  • Arranging, placement, recording and administering advertising
  • Arranging, taking and uploading photographs of your property
  • Arranging and conducting personal viewing appointments with prospective tenants
  • Administrating and processing applications for tenancy
  • 100 point checks
  • Processing the application for tenancy including checking of all references
  • Negotiating the terms of the lease with both owner and tenant
  • Attending to the preparation, execution and processing of lease documentation including the bond lodgement form, general information for tenants, photocopying keys
  • Conduct a tenant induction
  • Compile the ingoing condition report including photos (approximately 200 photos are taken for a standard size house)

MANAGEMENT FEES

Management fees are charged on a percentage basis of rent monies collected. The amount charged per calendar month will depend upon the actual amount of rent collected by the agency.

WHAT SERVICES DO MANAGEMENT COVER?

  • Rent collection and managing rental arrears
  • Conduct routine inspections every six months
  • Conducting rent reviews
  • Preparing statements for the owner
  • Organising maintenance repairs and quotes
  • Liaison and regular follow up with maintenance contractors
  • Organising keys for inspections and trades people
  • Copying/scanning of invoices
  • Attending to the payment of general property expenses ie. Council Rates
  • Liaising with owners and tenants
  • Liaising with insurance companies
  • Attending to daily telephone, email and fax enquiries
  • Processing notices to vacate
  • Outgoing inspection report
  • Disbursement of the vacated tenant’s bond