[QUOTlE="Good investments, post: 16807906, member: 224360"]Hey acca. Rent is the least money made in realestate. Not sure why you get involve with this. Usually pay $180 to the agent and you get your rent ads on both real estate.com and domain as long as you want.
Even most real estate agents hold onto rent book so when the property is for sale, the landlord will let them sale and charge huge commission on it.[/QUOTE]
The ATO data for fy2013 shows declared rental income for individual tax payers of $36 billion
If you took a stab in the dark and attributed management fees of 7% this is very high margin professional services industry.
According to Forbes magazine property management in the US is one of the most profitable services to be in.
I don't think Australia would be that different.
I understand in Perth a rent roll sells for about three times gross fees.
In Perth where sales numbers have dropped from about 130k per annum ( that is land transfers lodged at Landgate ) to 85k in three years
This is A life save to many an agent
As to how many the agent gets to sell when the owner decides to sell there is no data on that but from the three people I know who manage properties far fewer get sold by the managing agent than must people seem to believe. One who has data on 147 properties tells me that in three years they have not had one sales listing .
RNT Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
