Lease renewal fee

Discussion in 'Property Management' started by oneone, 7th Jul, 2017.

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  1. chooke

    chooke Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    144
    Location:
    Perth
    Not an overreaction at all, just making a point that a $400 lease renewal fee is unjustified. How many hours of work and overheads do you think are required for a lease renewal?
    You can doubt it as much as you like, I actually live in Perth, own a few rental properties and know several other property investors over here. None pay a $400 lease renewal fee or anything near that amount. I don't know about the other States, I was simply responding to your claim that all Perth real estate agents charge a $400 fee.
    Sure business exist to make a profit. If the real estate agent I use charge a fully inclusive 10% fee for property management with no add-ons and have been around for 10 years and expanding, then there is no need to charge ludicrous fees such as a $400 lease renewal fee to be profitable. What that indicates is that agencies that charge these sort of fees are either gouging or just running inefficient businesses.
     
    chooke, 2nd Dec, 2017
    #81
    dabbler likes this.
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