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Typical Brisbane PM Fees

Discussion in 'Property Management' started by Realist35, 5th Feb, 2017.

  1. Lil Skater

    Lil Skater Well-Known Member Business Member

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    No direct experience myself with Pure Rentals, but have had dealings with @MyPropertyPro and if I had a property his way he'd be my first choice!
     
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  2. RetireRich101

    RetireRich101 Well-Known Member

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    anyone used Nathan's PM...think it was called Blink or something? any experiences?
     
  3. hash_investor

    hash_investor Well-Known Member

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    7-8% is quite common
     
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  4. standtall

    standtall Well-Known Member

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    Same here - very good experience with @MyPropertyPro.

    I am looking for another property in Brisbane now on the back of a very good property management experience for the first one.
     
  5. D.T.

    D.T. Specialist Property Manager Business Member

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    Haven't but there was a big thread on Somersoft , search for Blink
     
  6. RetireRich101

    RetireRich101 Well-Known Member

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    yeah that was a while ago and wasn't all good feedback.. I think they made a big entrance in the Brisbane market about 12 months ago..
     
  7. PropertyInsight

    PropertyInsight Well-Known Member

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    I was with Pure Rentals, very bad services, bad communication, and cost me a lot of money due to maintenance rip off. Never think about them any more. They are worst to me. You pay for what you get.
     
  8. PropertyInsight

    PropertyInsight Well-Known Member

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    I have the same experience as yours. Maintenance is a big issue and costly. Their communication is too bad. Clearly, they are too busy to many a heap properties and careless about customers.
     
  9. PropertyInsight

    PropertyInsight Well-Known Member

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  10. Bris Jay

    Bris Jay Well-Known Member

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    6.6% inc GST. That's on the south side and my PM is pretty good. They do quarterly inspections and help me out with little things when I need it.
     
  11. PropertyInsight

    PropertyInsight Well-Known Member

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    Can I have PM name?
    Thanks
     
  12. Tom Rivera

    Tom Rivera Property Manager Business Member

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    South East Queensland
    A new client came from Blink Logan at some stage last year and I had to clean up a HUGE mess- the house had to be fully renovated and the agency had so little paperwork that an insurance claim wasn't possible, from memory it was Terri Scheer too.

    The same client had another property with Blink on the Gold Coast and the dealings I had with them on taking over their other property was very good, so it's quite possible it might have just been the staff at Logan at that time.
    ___________________________________________________________________________

    Back to the original post,

    Given how hard it is to find a quality Property Manager and the importance of their effective operation in relation to the cost of the fee, I would strongly advise not to shop primarily on fee. It really needs to be towards the bottom of your priorities.
    Also keep in mind that although a low fee (e.g. 5.5-6.6%) indicates that business model is likely to bring you poor service, it's not always the case. Conversely, high fees don't always mean good service...! I know terrible agents charging over 12%!!!!

    Interstate clients often mention to me that our QLD 8.8% is high, but keep in mind our rents tend to be much lower than Sydney and Melbourne.

    On a side note, It's also oddly counter-intuitive that agencies operating in lower rent areas (e.g. Ipswich) seem to be more likely to discount than those in more expensive areas (e.g. Indooroopilly). Given it takes much more effort to effectively manage a poorer quality home with a more difficult or unstable pool of potential tenants, one would think fees should be higher in these areas.