Property management fees Sydney can vary depending on the company you choose to work with. Understanding what is included in these fees is essential, and how you can save money by negotiating a better deal is necessary.
What should I know about this?
The first thing to know is that these charges cover many different aspects of managing your leases and tenants. For example, all the administration work, including showing homes, responding to queries from potential tenants or current ones, compiling lease agreements, and organizing utility payments, are included in this figure. Some companies even go as far as collecting rent on your behalf and dealing with any maintenance requests made by renters. In other words, this fee structure covers everything related to ensuring properties stay rented out consistently and maintaining them while they’re occupied.
Another essential thing to consider is what the fee covers. Some firms charge a flat rate for leasing out your homes and collecting rent, while others charge you a percentage of the monthly income from your leases.
We hope this information has been useful to you.