r/AusProperty • u/Main_Fix_2155 • 3d ago

SA Property manager fees - expensive?

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I’m looking to rent out my property, looking at different agent fees at the moment. Can anyone tell me if this is average or pricey.

0 Upvotes

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13

u/Dependent_Usual7468 3d ago

F that! 1.1 weeks for a lease renewal?! All they do is change the dates and get the tenants to sign?!!

4

u/technoman2027 3d ago

Hey, there are at least two or three emails involved, maybe even a phone call. Heavy work.

13

u/byDinosaur 3d ago

Way too expensive wtf.

2.2 weeks letting fee? Inspection fees? Plus management fee? I’d run, and fast.

Note: my view is based on NSW prop management

4

u/Jerratt24 3d ago

SA agent here. Reasonable compared to the market. Howver once you get to 6% and under that's the budget agency area. They're probably doing high numbers, medium service.

But personally I do find the charge for ingoing and outgoing inspections to be unnecessary if they're charging 2 week letting fee. It's part of that general process imo

-1

u/Obvious-Explorer-287 1d ago

You are the problem

1

u/CraftyGoop 6h ago

No, you are the problem.

2

u/reniroolet 2d ago

Pretty standard that’s why we now DIY it

4

u/GloomySmell968 3d ago

The percentage is based on the dollar value of the rent. So without knowing what the rent is, it’s not easy to say if it is expensive or not

3

u/Plane-Woodpecker2955 3d ago

6.6% is high, should be under five. Also 2.2 weeks rent for letting is ridiculous. Should be one week

1

u/GloomySmell968 2d ago

If the rent is $300 per I’d disagree

1

u/lousylou1 2h ago

Perth is far higher than that.

3

u/brackfriday_bunduru 3d ago

6.6% is fucking wild. Pay 5% tops

2

u/BBiastt 3d ago

Who do you guys use that only charges this little these days?

1

u/boxyburns 3d ago

Yeah and most of the other stuff is included in the 5%

2

u/theonedzflash 3d ago

1.1 weeks rent renewal, the audacity lmao. F these agents have no shame lol. Especially if they are keeping the same tennants.

Agent "hi your lease is coming up, would you like to renewal"

Existing tenants "yes" + some questions

Agent proceeds to charge 1.1 weeks of rent ....

2

u/PotatoDepartment 1d ago

I just self manage. Save 2-3k and spend the money on tradies for maintenance and upgrades instead, everybody is happy.

1

u/MrX2285 3d ago

My agent charges $40/week with zero additional expenses

1

u/lnnuendoBot5000 3d ago

Shop around. Get quotes from all PM's near you. Pretty much all of these fees can be negotiated or removed entirely.

1

u/Fluid_Passage_9980 3d ago

JFC. What a rort. Is there anything they don't charge a fee for?!

Name and shame this agency.

1

u/chillin222 2d ago

Depends on state and rent amount. 5.5% all inclusive (except leasing fee, advertising and tribunal) is the going rate in Sydney and Melbourne.

The hick states seem to be the most expensive

1

u/blurhysm 1d ago

What state are you in? If your property is not some higher end property and this agent is providing high service level, it does look very high to me.

1

u/ToShibariumandBeyond 1d ago

Depends where you are? For Example some people here are saying 5-6% for Melb where Brisbane is average 7-9%

1

u/TacitisKilgoreBoah 1d ago

6.6% isn’t out of the ordinary but the fees for the inspections, lease renewals and EOFY are ridiculous

0

u/programminghobbit 3d ago

I really want to know which REA this is? Who is so out of touch with the market?