Are you considering renting out your property and wondering what fees you should be paying and what property managers actually do for their fee?
Here is a simple guide to current fees in Perth.
The Management Fee is the main fee you will pay. It is based only on amounts received.
The management fee covers services such as collecting and processing of rents and other monies, pursuing late rent and invoice payments, advising the owner of relevant matters and attending to other routine issues throughout the month.
These include issues such as maintenance, payment of accounts and liaison with tenants.
Currently in Perth, fees range from 6.5% to 10%.
When considering management fees, it is important to consider the stability and experience of the property management team.
This includes viewings with prospective tenants as well as the processing of application forms, reference checks, collection and the lodgement of tenants bonds.
The leasing fees in Perth are usually around two week’s rent.
At Blackburne, this fee also includes orientation interviews with the tenant to advise them of their rights and responsibilities, explanation of the lease in detail and signing of all necessary paperwork.
This is a comprehensive report detailing the condition of the property at the time the tenant took occupancy.
Prices range from $150 to $350.
This is an important document that acts as the basis for bond disposal amounts.
In cases where there are disputes, this document can be a powerful piece of text submissible in court.
At Blackburne we add more details than required by legislation, as well as taking many photographs that can act as evidence.
The Residential Tenancies Act allows a maximum of 4 routine inspections each year.
The fee can range from $60 to $100.
At Blackburne, we carry out the first inspections 6 to 8 weeks after a tenant takes occupancy.
This acts as an early check for any issues a tenant may need to be warned of and is then set at three monthly intervals for the term of the tenancy.
We believe regular and thorough inspections prevent minor issues becoming major problems.
If you are encountering difficulties with your tenants, please contact us immediately!
Additional photographs are taken of any maintenance issues.
The internet is the most successful way to advertise a vacant property.
Blackburne advertises on all major real estate websites.
Each advertisement consists of photographs and descriptive information about your property.
Internet fees vary from $100 to $300.
We recommend that you also invest in feature property advertising, to push your property higher on internet searches.
This inspection is carried out against the ongoing report and is necessary to decide whether any damages or cleaning need to be charged from the tenants bond.
Fees can vary from $150 to $300.
Our fee also covers updating of ongoing inspection for the next tenant, so there is no need for the owner to pay for an additional Property Condition Report.
There are various other fees, such as lease renewal fees, administration fees and meeting attendance.
Contact us for a comprehensive list of Blackburne services.
Our team at Blackburne Property Management can answer any questions you may have about property management fees, and we would like to manage your property! Contact us on +61 8 9429 5777 and ask to speak to the Head of Property Management, or complete the enquiry form below.