Is that new?

Discussion in 'Property Management' started by Redwing, 8th Mar, 2021.

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  1. Redwing

    Redwing Well-Known Member

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    Had a friend message me re the below (WA IP), I'd thought it all came out of the tenants bond; maybe the REA has been gypped previously..is that new?


     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    There's a charge for a final inspection - that can't be charged to the bond.

    Make good costs - agent can't spend money it doesn't have so will get it from funds on hand in the first instance then lodge the insurance claim.
     
  3. Tom Rivera

    Tom Rivera Property Manager Business Member

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    Please be advised, please note, please bear in mind, please :p

    @Scott No Mates the agent is holding it from the owner funds.

    @Redwing it's just a procedure that agency has decided to implement. On one hand, it's annoying to you that they would potentially unnecessarily withold funds, but they are trying to avoid extended wait times for payment over vacant periods for themselves and their trades.