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Live-in Property Managers

Discussion in 'Property Management' started by Aaronjod, 19th Jun, 2016.

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  1. Aaronjod

    Aaronjod Well-Known Member

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    18th Jun, 2015
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    Sydney
    Hello,

    I own a townhouse in a block of ~52 which has a live-in manager. I'm assuming it's their job to look after the grounds, but they also run a real-esate business out of the office there, and have a rental roll too. They're paid $85k per year, just curious if any one has one to compare to? Is this the right sort of money for these people? There is still a bill of 6.5k/year for lawn maintenance, I thought this was the sort of stuff they did? It is a large complex though, maybe they get some outside help.

    Thanks,
    Aaron
     
  2. bob shovel

    bob shovel Well-Known Member

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    There's probably a bit more to it, you'll need to find contract arrangments etc

    I remember renting in a serviced apartment and couldn't wait to get the f out thanks to the pita live in manager! The pm i rented through had many complaints from other tenants too, now imagine if the owners knew this:eek: would explain the vacancies :cool:
     
  3. Xenia

    Xenia Adelaide Property Manager Business Member

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    It sounds like the fees are for strata management.
    They may be running the leasing side too but these are 2 completely different roles that can be done by one company
     
  4. Aaronjod

    Aaronjod Well-Known Member

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    OK, I'll ring the strata company and ask them.
    There is two separate companies one "Complete Body Corporate" they get roughly 7.5K/year for "admin". Then there is a "Management" bill for 85K, which goes to the live in.
     
  5. Matthew Savage

    Matthew Savage Member

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    10th Nov, 2015
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    Brisbane, QLD
    Hi Aaron, if the $85K was for body corporate administration - I'd have a Ferrari.

    The $85K sounds like it's for caretaking expenses: Cleaning, grounds, basic handyman duties, pool cleaning etc. Generally under these agreements the body corporate provides the materials (lawn mower) and the Caretaker provides the labour (lawn mower pushing) but that can be specific to the agreement. Some agreements are specific (great), some older ones are hopelessly vague.

    $85K sounds about right for 52 lots, with a townhouse complex you'd have a road and some footpaths which should all probably maintained. it might be worth looking into the $6.5K for lawn maintenance - at $85K Caretaking I'd expect that to include lawns.

    Ask the body corporate manager for a copy of the agreements if you'd like to get the full picture, otherwise the body corporate manager should be able to give you an overview.

    Matt