I think im being ripped off by this PM

1) Pull out your management agreement.
2) Read it
3) Compare the management fee that you agreed to pay matches what you are paying
4) If it does not, then take it up with your PM. If it does, stop complaining or try to negotiate a different fee.

Simple!

 

It seems very affordable to me.
If you want to contest postage just ask?

 

It's always good to cross reference with the agreement. If they got it wrong they should refund the difference.

 

Crikey moses, what's the deal with that?

 

Sundries

 

Different name same purpose.

 

Nah easier to create a thread on the internet

 

Where are they ? 6% would be cheap if outside metro most likely if they do the job properly.

 

Hi Xenia , are u saying that the invoice fees look ok ?
What about the GST of $10 they charged me?

 

They can't not charge GST

 

7% plus gst...??

 

DB
The only one who can ascertain if it's ok is you. It's your property, your contract. All I'm saying is if they are charging fees above what you agreed to in your management agreement, they need to refund them.

If you are not happy, negotiate a reduction with them.

 

SNM, we see in other threads, everything is negotiable...ask them to de register, or start a second business under the turnover threshold......like the meerkat....simples

 

I trust this post was not serious?
The logic certainly baffled me..

 

Was it the 3 smiley faces that gave it away, or the reference to meerkats?

 

$1360 * 6.6% = $89.76 (I assume 6% is excluding GST so 6.6% including GST)
if sundries is outside this amount, let's say 5.5 incl GST = $95.2

($95.2+5+10.02)/ 1360 = 8.1%

Better double check your management agreement and associated costs.

 

Wait until you get to july and youll get hit with a $30 end of finacial year fee for them to print off a report that you never asked for and cant unsubscribe from!

 

$95.20 management fee is 6% + GST is $9.52 = $104.72
$5 admin/postage/sundries/stuff around fee + $.50 GST = $5.50

Total fees $110.22.

So you are paying 6.6% management fees inc. GST and the $5.50 admin fee.

As mentioned, you should check your management agreement to check what you should be getting charged.

Ultimately its $1322.64 per year if they don't charge any other fees. That's probably pretty reasonable for the amount of work they do and what they have to deal with...

 

Except 104.72 is not 6.6% of $1360

 

Thankyou to you guys especially the last 3 posters ... So its 6.6% im getting charged?
I cant find my management agreement thats my problem... So really the rates are normal so i was getting uptight about nothing thinking they were trying to pull the wool over my eyes ! Thanks to everyone who helped me with