I attempted to find a thread on here which was in relation to this, however I failed miserably (hence the thread). What is everyone's PM commission %? Mine is on 8% and my PM only has 30 properties under her wing (North West Brisbane). They are just starting to get into the rental market though so that is the reason why there is so few properties. I did have some other offers of 7.5% but those agents had 120+ properties under their management.
The cost of doing business varies between states so rate is only one variable (just like selling agencies )
Be a bit difficult for those with many scattered properties/PM's to vote Would have been interesting to see how many SM's there are with 0%
5 to 8.8%, often you can get a 1% discount for multiple properties with the one pm. I didn't vote as they are all with different agencies.
Our agency has a commitment to never have more than 100 properties per PM - we cap our properties to enable us to follow through, communicate expediently and offer a customer centric service. Accordingly, our flat fee structure is based on being able to meet this commitment (we have no add on fees which can quickly increase fees when adding the extras onto the base management rate). Agencies set fees based on covering business costs to deliver a quality service for each client (property management has very thin margins). Agencies with the lowest fees have to substantially increase the case load of each PM to sustain financial viability which in turn creates a highly stressful workplace context translating to high staff turnover. From the customer's perspective, high staff turnover means a revolving door of PMs
