Fees vs Service
Hello, Great forum. Disclosure â I am a property manager /principal with 25 years in property management. I am not here to tout for business, and will not mention the suburbs I operate in (we operate...
View ArticleFees vs Service
Thanks for all the responses. PT_Bear â Yes a lot of it comes down to the individual agent, however I would like to think that an average office may have a superior employee, but a superior office...
View ArticleFees vs Service
Thanks for all the responses. PT_Bear â Yes a lot of it comes down to the individual agent, however I would like to think that an average office may have a superior employee, but a superior office...
View ArticleFees vs Service
Mr Monopoly, Real estate agents are finally waking up to the fact the property management departments are a business in their own right, and not the âpoor second cousinâ of the sales department....
View ArticleProperty management fees
Whilst % is important, the level of service and communication you receive is more important. The difference between 5.5% - 7.7% is slightly over 1 weeks rent. An inefficient property manager can easily...
View ArticleTenant running a business with clients visiting the premises?
When proof of insurance is needed, it is known as 'Certificate of Currency'. The insurance company will provide a document advising the policy is current and maybe a brief summary. Sometimes it is...
View ArticleDoes having Professional photos get a higher return on your investment property?
As a PM, I think the above posts can be summarized as follows. - Awful photos. Either poor camera or just plain lazy property manager or owner. Most smart phones can take better photos then the point...
View ArticleCracked wall tiles!
Some good responses above. Some areas to look at; - What type of construction is the house. Full brick, brick veneer, weatherboard ? - What is happening on the outside of the wall where the cracked...
View ArticleRenewal of Lease Fee
From an agents prospective, there is a fair amount of work behind a lease renewal. In our office the procedure is as follows; - 1-3 months prior. Speak to tenants, to gauge intention. - Complete rent...
View ArticleRenewal of Lease Fee
I see this thread moving towards high/low fees vs service, or expectation of service. Rather then concentrating on the $ 25.00 being charged, it makes more sense to look at the overall charges and...
View ArticleProperty Management Fees
Whilst the amount of the fee does play a part in deciding, the real question is what service (or quality of service) are you receiving for the fee. At a minimum your property manager should; regularly...
View ArticleMelbourne Rental Fees
I will climb on my soap box and have a rant about fees. Before I start my rant; - I am an agent specialising in property management. - We provide a premium service to our property owners and tenants....
View ArticleMelbourne Rental Fees
Good question Dave. On a very simplistic level it comes down to a few points, Communication, follow up, attention to detail. In the larger picture, we look at your property not just as a rental...
View ArticleMelbourne Rental Fees
Lone Wolf, You ask two important questions What are my returns? How to reduce fees to maximise my return? I think the questions should be How do I maximise returns and How do I reduce risks. In my...
View ArticleJusitifcation for higher management fees across states/areas rant
One of my favourite topics, fees. TMNT ? How can I justify higher fees. 1. I simply deliver a better service. A better all round service, from dealing with tradesmen, tenants, communicating with...
View ArticleRE.com Charging for advertising
RE.com have introduced various different pricing structures, all of them are extremely high. The most basic plan is monthly charge plus a per property listing. Other plans included unlimited standard...
View ArticleLegality of lease
An interesting thread. I also find the REIV version of lease poorly drafted and laid out. I have found the VIC practice of putting the schedule on the rear page of the document annoying. I prefer the...
View ArticleMould issue - Advice needed!
Mould is a complex area. What has to be determined is the cause of the mould e.g. inherent building problem, poor ventilation, leaks, tenant neglect or a combination of some/all of these. As a managing...
View Article(Another) Rant about property managers
We are not builders or tradesman but often we have to think like one. Often a tenants description of a problem is very vague or generic e.g. there is no water. Thus begins a series of questions to...
View ArticleCommercial lease format NSW v VIC
In NSW leases for small offices/warehouse where the term is lease then 3 years are often completed by the agent using an REI commercial lease commonly referred to as a ?yellow lease?. I assume the...
View ArticleCommercial lease format NSW v VIC
Thanks guys. You are correct on the RLA. I am familiar with both the NSW & VIC versions of this act. In this case the premises are straight forward office space so it does not fall under the RLA. I...
View ArticleCommercial lease format NSW v VIC
Thanks, I had found that link. A Vic agent from another forum was kind enough to forward a sample document. Their is no real difference between the NSW & VIC leases. Some legislation which is...
View Article
