Property Management Fees
Choosing a property manager is a very important decision and to achieve the best rent possible you will need to discuss your property and your needs as an investor in detail with a property manager. This will allow fees to be customised around your needs. PRD Northern Rivers appreciates that you have choices – the difference between 7% and 8% is quite small but the difference between the services provided can be quite significant. For example, $400 rent per week at 7.00% is $28.00 per week, whereas at 8.00% it is $32.00. Would you want an inexperienced person looking after your property when all we are talking of is saving $4.00 a week? That’s less than a cup of coffee!
Compare property managers
Aren’t all companies the same? Many landlords ask us this. It would be so much easier if they were but they are not. Some will promise the world and deliver very little. Others will have very poor knowledge of the Residential Tenancies Act which determines what an agent can or cannot do. Some will have little or no training. Be aware that some agencies may, in their enthusiasm to win your business, over-inflate the possible rental return and will be back to you after a couple of weeks of vacancy saying they got it wrong. Also be wary of the agency who rushes to place a tenant in your property that may not suit. You will need to make your decision based on who has the greatest knowledge of the market. They must be able to show you how they have interpreted the market to deliver their rental price.
Best value property management
PRD Northern Rivers' rates are very competitive and, more importantly, backed up by a highly experienced staff who will provide service that maximises your portfolio, ensuring you not only get a friendly service but also great value for money using PRD Northern Rivers Property Management. PRD Northern Rivers will not be the most expensive nor the cheapest company in town, but if you think hiring a true professional is expensive – just wait till you hire a cheaper amateur.
Will PRD Northern Rivers Property Management match another company’s fee? If you are asking that question then you are probably unhappy with something about that company or you would have chosen them already, but you recognise the more professional services PRD Northern Rivers Property Management can offer. Some clients choose the cheapest agent only to find that it costs many times the fee difference to rectify their incompetence. This is a classic case of “you get what you pay for”.
Obtaining the best possible return for your property is not just about achieving the highest market rent it is also about ensuring that you have the best possible advice to maximise your investment. For an assessment of your fee schedule for your investment property, contact our Senior Property Manager on 0490 540 408 today.