Property Management Fees

What do they actually cover?

Lease and let fee
A ‘Lease and Let Fee’ is what agents charge to find a tenant and put together all the relevant documents to set up the tenancy. This includes, advertising, arranging, and conducting viewings, processing applications (including blacklisting checks), write up your lease agreement, lodge the bond and even cut extra keys.              

Property Condition Report Fee
The Property Condition Report is a document required by law and MUST be provided to the tenant within 7 days of occupation of the premises. This can be an
18-30+ page document which can take HOURS! Some agencies charge by the hour, we only have a one-off fee which you never have to pay again. You receive a copy of the report, plus the hundreds (sometimes thousands) of photos taken to accompany the report.

Commission      
Commission covers all the bits in between putting a tenant into a property and them vacating. It covers collecting rent, monitoring rent, and sending any breaches or termination notices for non-payment of rent or utility bills. Maintenance including work orders and quote requests. Trust accounting for end of month (so you get paid) and payment of invoices. General contact with tenants and landlords.

Lease Renewal Fee
This covers writing up additional lease agreements and any research required to check current market trends and rent. This also includes issuing rent increases and any negotiations in between.

Final Inspection Fee
The final Inspection is important to ensure the property has been left in the same condition as per when the tenants move in. This report is provided to both tenants and landlords with a copy of all the photos. This can take anywhere from 1-3 hours.

This also includes any work required to be arranged to get the property back up to standard again (negotiations with tenants about tradesman attending – cleaning, gardening, or repairs etc) and includes the disposal of their bond.

Routine Inspection Fee
This covers your property manager inspecting the premises and reporting back to you (maximum of 4 per year allowed as per RTA). You are provided a report and any accompanying photos. This also includes issuing required warning letters or breach notices if further cleaning/gardening needs attending too. You are also NOT charged an additional fee if we return to re-inspect the property after a breach.        

Administration Fee
The admin fee covers all related costs that are relevant to providing the best possible service we can. From phone calls, text messages, posting letters, stationary, photocopiers, cameras, computers and so much more. It also includes our trust accounting system which allows us to receipt and collect rent and release money to landlords each month. It includes industry updates relating to laws and regulations we are required to abide by as well as our yearly mandatory training to keep our landlords up to date.