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Potentially hidden gem, page-470

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    The following is a fee chart from Perth agent and I understand this is fairly standard in WA
    Some 40% of owners of rental properties in Perth self manage according to the President of REIWA
    I have not seen fee structures from other states.
    But with fees like this property owners will look favourably at anyone who offers a lower cost effective alternatives.

    Property Management Schedule of Fees

    Monthly management fees
    Properties over $350pw rent 9.35%
    Properties under $350pw rent 9.9%
    (Furnished or partly furnished ? add 3.3%)
    Administration fee $11.00
    Service Fees
    Lease to new tenant 2.2 weeks rent
    Lease renewal of existing tenant 1/2 weeks rent
    Property condition report (one off fee) up to 3 bedrooms $165
    Property condition report (one off fee) 4+ bedrooms or double storey $187
    Final Bond Inspection (upon tenant vacating) $165
    Routine Inspection (quarterly) $ 77
    Nation Tenancy Database search for applicants $13.30
    Title Search (unless copy supplied by Owner) $17.60
    Strata Plan search where required (unless copy supplied by Owner) $17.60
    Annual Financial Summary Report Statement fee $66.00
    Professional Photography $99
    Advertising to 8 key real estate internet sites $125
    ?To Let? sign (including installation & removal) $ 77.00
    Miscellaneous Fees
    Representation at court/strata meetings $110 per hour
    Project management, major renovations, etc $ 99 per hour
    Insurance claims (per claim lodged) $110.00
 
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