Agents fees have so little bearing on the future profitability...

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16/01/16

15:31

Post #: 16809487
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Originally posted by Japon ↑

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

Expand

Agents fees have so little bearing on the future profitability of RNT it is not funny.

RNT will need to earn money on ADVERTISING rental properties. Not MANAGING THEM.

RNT will not replace the service that agents provide. period.

Read your list of fees again Japon "Advertising to 8 key real estate site - $125".

Why would a private landlord pay $99.00 just to advertise with RNt when they can get 8 sites for $125?

RNT Price at posting: 30.0¢ Sentiment: None Disclosure: Not Held
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Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $14.35M

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No.	Vol.	Price($)
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Agents fees have so little bearing on the future profitability...

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