Compare Agency Fees To Rent My Apartment Out
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Landlords from all over Australia are finding the best deals from their local property managers right here through our unique, free and no-obligation system. We save you time and money, and we take the stress out of finding the best real estate agent to 'rent my apartment out'.
How do we do it?
It's no secret that using the basic concept of shopping around can save you a lot of money with anything that you are shopping for, so we have taken this concept and built an online platform that does the shopping around for you and provides you with multiple quotes from multiple local real estate agencies for you to compare the property management fees, including leasing fees, letting fees experience, and marketing strategies for renting out your apartment.
Agents offer their best rates through our system!
1- Our system creates a high level of competition for real estate agencies. This alone is extremely effective at encouraging each agency to offer their best rates upfront and also means that the system itself has essentially negotiated the best deal from each agency, saving you the hassle of having to try to negotiate the best deal from each agency yourself.
2- Property management fees can vary from property to property based on its rental value, the amount of demand for a property in your area, and the amount of time and effort that the agent believes will be involved in finding tenants and also with managing your property. The quotes provided through our service are not just the average property management fees that you will find advertised for the average property. Our system allows each real estate agent to research your property before offering a proposal so they are able to customise their fees and proposals to match your particular property resulting in the best deals possible.
Click the button below, enter some details and receive multiple quotes from your local agents, compare their fees & services and make an informed decision.
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For those new to the rental market, property management fees can have so many hidden extras it can be difficult to keep track of them and know what they are all for. Which ones should you pay for? Which ones are just extra charges? These questions should be asked if you want to get the most out of your money and your rental return.
Here are some of the most common property management fees that you should know about:
In most instances, property management commission fees are a percentage taken off the total rental income of the property. It's perfectly normal for the agency to take the commission off the total rent that is collected from the tenants. Therefore, the forwarding balance already has the rental commission fee taken out of the balance before being sent to the owner.
These deductions are usually a percentage of the rent in total. In the Brisbane area and around Queensland, the typical percentage rate is somewhere between 7 to 9 percent. These commission fees can be negotiated with the agency and reflect the services they include.
Letting fees constitute the work that property managers do in order to find the right tenant for the property. This includes the preparation of the letting documents for the new tenant and finding a tenant in the first place. One thing to keep in mind is that the letting fee may vary depending on the agreed length of stay written into the rental contract.
Fair Trading has defined the maximum allowable fees regarding property management fees, but the numbers could vary, depending on what was specified in the agreement. Letting fees are usually deducted from the first rental payment and is payable to the property manager once the rental contract is signed.
A property lease renewal fee may be charged by the property manager if the current tenants agree to a lease renewal. This property leasing fee covers the costs associated with processing the lease papers. The lease fees can be deducted as either a percentage of the tenant's weekly rent or as a one-time fixed fee.
Property management agencies may charge a nominal fee called "Administration fees" that you see every month on your statement. This fee covers costs associated with postage, phone calls and trust accounts.
This fee is charged at an agreed and fixed rate. It covers the preparation of the end of year financial tax statement