WA Perth - Property Management

Bumping thread to ask the same question as @Never giveup and @AsburyJuke.
Anyone have recommendations for Rockingham LGA?

 

any recommendations for Mandurah area ?

 

Hi mate
would you please pm the details that would be much appreciated.
cheers

 

I have messaged you the details.

 

PM details sent.

 

I'm after a PM for three properties in northwest coastal suburbs if you don't mind letting me know the details, happy to use your referal.

 

Hi Alex,
Many thanks for your post . I have just bought a property in Canning Vale and I'm looking for a good PM to help with it as I'm based in Melbourne. Could you share your PM's contact details? Understand you prefer owners with large portfolio, I do have few friends are also looking for good PM, I can share with them as well.

Great thanks in advance ❤️

Warm regards,
Jing

 

Hi @ALT & @Mark_Syd can you also DM your property manager details? I am looking for Property manager in the Northern suburbs of Perth.

 

I ended up going with Realmark, will let you know how it goes. Only reason is the fees, I'm slightly lower then 8% after negotiation and by signing up three northern coastal properties.

 

That is a great price.
My PM has recently increased their management fee by 1% for new client referrals for 2022.

 

Curious to know what other landlords think below management model would stack up for WA PM - worth considering / too expensive?

(a) $44.55 plus gst weekly property management fee for all inclusive.
(b) No more to pay - not even advertising, marketing, letting fee, tribunal fee or anything else you can think of.
(c) Fees remains independent of rental increase, so rental increase means more money for landlord but is the reverse if rent was to decrease (which rarely happens though).

 

If the weekly rentals are say below 400PW would that cost still be acceptable? Lower the starting rental income gets higher the management costs become.

If the model allows one to exit out at anytime without any Lock in contracts and/or fees or charges or penalty that might be a good outcome for the landlord

 

I still prefer a % of rent so both landlord and PM have skin in the game.
If fixed amount like that, there is a chance PM does not want to rock the boat by having a rent increase conversation. even though the % of increase is insignificant for PM, I still want a model where both are aligned.

 

I've been impressed with Investors Edge. My experience varied depending on the actual property manager but generally they've been good to resolve issues, conduct routine inspections, flag lower than market rents etc. The fees in PM Perth are generally higher than Brisbane and Sydney from what I saw (9-11% vs 7-8%).

 

Rents decreasing actually isn't that rare in Perth. Rent median can be quite volatile and downtowns can be quite sustained and similar to property market.

This is the data from 2010

 

Any recommendation for a property manager in the morley area?

 

Investors Edge. Jo Becroft manages our IP in Morley.

 

TC Realestate TC Real Estate | Property Management & Sales NOR, Perth.

 

Did anyone from here combine their props to negotiate a better bundle deal for PM ?

 

Jacob King
Elders Rockingham
Manages two properties for us in the Rockingham LGA, he grew up around there. Stand up guy. Former plasterer now the Business Development Manager at Elders Rockingham. He viewed all our purchases and potential purchases, saved us from “good” properties on crap streets. His local knowledge is exceptional. Communication 10/10 the tenants he found for us, wow, they are amazing
Pay peanuts get monkeys
He is worth every cent