“Money is a tool. Used properly it makes something beautiful, used wrong it makes a mess”

                                                                                                                                                                                       Bradley Vinson -Author and Wealth Coach                               

Here you can find the fees to hired us as your property manager. A breakdown and explanation of the fees are below:

1. Management: 7%-10% of the gross collections. The management fee charge covers all the day-to-day management items such as collecting and disbursing rent, liaising with owners and tenants, managing processes for outstanding payments, and organizing maintenance and quotes.
2. Setup Fee (Leasing fee): $599.00 This fee is a New Tenant Placement wich covers the cost of advertising marketing, finding and securing a tenant for a vacant property. This includes an assessment of the rental value, conducting inspections with prospective tenants, processing applications, lease execution and security deposit collection. It’s a one time fee every tenant replacement, 1 year warranty of tenant placement, if we need to replace it before that time, next tenant placement you don’t pay Setup Fee.

NOTE: You don’t pay anything in advance, you pay until your property is rented.

What’s include in your property management fee:

• Property Condition Report: Details the condition of your property at the commencement of each tenancy. This document is legally required to be provided to the tenant in a prescribed format within 7 days of commencement of tenancy.
• Inspections: are usually conducted 4 to 6 weeks after the tenant moves in and then every 6 months or per
  owner request. These inspections monitor the wellbeing of your property, document how the tenant is caring for the property and identify any required maintenance.
• Lease renewal: When the current lease on your property is due to expire we implement a proactive renewal plan. This will include organizing a lease renewal  here possible to ensure your property remains tenanted so that you can receive an uninterrupted  rental income stream.
• Disposition of Security Deposit/outgoing inspection: An inspection is conducted when the tenant vacates the property. The property  manager will carefully compare the state of the property to the original Property Condition Report, noting wear and tear, maintenance items, any damage and items requiring cleaning. They will then finalize the disbursement of the bond based on the outcome of the inspection.
• Administration: ongoing administration costs such as phone calls, photocopying, letters, postage and facsimiles, etc . with the owner, tenant and maintenance contractors is included in your monthly fee.
• Annual tax statement: An end of financial year tax statement that summarizes all income and expenditure.