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Thoughts on this PM fee structure? Any Good PM's in Albury NSW area?

Discussion in 'Property Management' started by JuiceMoose, 12th Sep, 2016.

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  1. JuiceMoose

    JuiceMoose New Member

    Joined:
    29th Aug, 2016
    Posts:
    1
    Location:
    Sydney NSW
    Hi team, long time listener, first time caller.

    Looking to potentially change PM for IP in Albury. Can anyone recommend a good one?

    IP rent around $270 so understand the %'s might be a little higher than other areas. Overall numbers seem high
    8% + gst pm fee.
    2.5% of gross annual rental +gst as a letting fee (havent seen this one as most others charge around 1 wk rent)

    Appreciate any thoughts.
    JM
     
  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,970
    Location:
    Sydney
    That works out to be about 1.3 weeks rent.

    These fees are negotiable.
     
  3. Tony Fleming

    Tony Fleming Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    532
    Location:
    Sydney
    I've used Georgette Nehme for all my rentals down that way and never had a problem always on top of eveything. Sorry can't remember the numbers for going to them with one property but give James or Kellie a call. Hope this helps:)
     
    larrylarry likes this.