Rental commission in Gold Coast

Discussion in 'Property Management' started by LCK, 7th Jan, 2016.

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  1. LCK

    LCK Active Member

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    About to settle on a property in the Gold Coast, and the real estate charges a whopping 8.8 percent + GST + sundry fees of $6 per month..

    Is this normal? Can anyone recommend a better real estate which might be a tad cheaper
     
    LCK, 7th Jan, 2016
    #1
  2. LifesGood

    LifesGood Well-Known Member

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    That's normal for Perth. Cheapest isn't always best so make sure you evaluate their overall service and see what value they offer.
     
    LifesGood, 7th Jan, 2016
    #2
  3. Props 2 U

    Props 2 U Member

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    That is way too expensive. If you would like a great PM, let me know. I am paying only 6.6% - total.
     
    Props 2 U, 7th Jan, 2016
    #3
  4. God_of_money

    God_of_money Well-Known Member

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    Props2U.. may I know which PM agent that you are using?
    I am looking for one @ Gold Coast

    my current one is charging 8.25% + sundry + 1 week rent + $55 listing fee
    even renewal fee
     
    God_of_money, 8th Jan, 2016
    #4
  5. 733

    733 Well-Known Member

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    From my inderstanding all RE S charge a week's re let fee to source new tenants (covers many activities and advertising costs) however not all agencies charge sundries or lease renewal add on fees.

    What is critical is the quality of service and follow through especially on maintenance matters.
     
    733, 9th Jan, 2016
    #5
  6. Rich2011

    Rich2011 Well-Known Member

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    Is it the norm to charge half or a full weeks rent to write a new lease for the existing tenants when their current lease is about to expire?
     
    Rich2011, 9th Jan, 2016
    #6
  7. 733

    733 Well-Known Member

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    Some agencies do to claw back admin staff costs. Other agencies do not. Our agency do not have add on fees
     
    733, 9th Jan, 2016
    #7
  8. God_of_money

    God_of_money Well-Known Member

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    no taker on recommending good PM around gold coast area???

    Has anyone ever use rentalexpress?
     
    God_of_money, 9th Jan, 2016
    #8
  9. D.T.

    D.T. Specialist Property Manager Business Member

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    Its different per state, and even then different per agency.
    Renewal is one of the fees we do charge (but we don't charge many other common ones) as we feel this is justified with the amount of work involved. It's also not very often as we try to maximise the duration of each tenancy.
     
    D.T., 10th Jan, 2016
    #9
  10. Bran

    Bran Well-Known Member

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    What work?
    Don't they just sign a new form??
     
    Bran, 10th Jan, 2016
    #10
    Rich2011 likes this.
  11. D.T.

    D.T. Specialist Property Manager Business Member

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    Not here
     
    D.T., 10th Jan, 2016
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  12. Rich2011

    Rich2011 Well-Known Member

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    Yes, in my case $350 to have the tenants arrive at the agents office and sign the form :D:D:D
     
    Rich2011, 10th Jan, 2016
    #12
  13. Whiz

    Whiz Well-Known Member

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    I've found it's 'normal' for agencies to try and flog you with a list of as many extra fees as they are able to fit onto their A4 pages. :rolleyes:
    However, sundries of $6 are just a tad above average.

    Try 'Real Estate Works'.
    Details below.
    Their rate is below 8% I believe, but they've been doing such a good job since I engaged them that I haven't thought about the rate since then.

    Real Estate Works

    1304 'Lumiere', 230 Marine Parade
    Labrador, QLD 4215
    Phone: (07) 5526 3672
    Fax: (07) 5676 9699
    Mobile: 0409 899 957

    Email: [email protected]
     
    Whiz, 20th Jan, 2016
    #13