How much do real estate agents charge to manage a rental property?

One of the most frequently asked questions we are asked by landlords is “What are your fees to manage a rental property?” For a Property Management Agency, there’s a fine line between being market competitive and proposing unsustainable management fees. It’s important that a prospective agency gives you a thorough outline of what services they provide. Without knowing this, you cannot determine who is providing the best value for money. You need to ensure that you are comparing apples with apples.

A good property management agency will ensure they deliver on their promises to you. These include :

  • Thorough screening processes of potential tenants
  • Happy and well trained staff members
  • Processing of all bill payments and paperwork
  • Strategies and processes in place that ensure shorter vacancy periods

An investment property that is not managed effectively leaves you exposed to unnecessary risks. These risks could be costly and could therefore affect your bottom dollar.  For our six reasons why hiring a professional property manager is crucial to the success of your investment, see here.

What are the fees to manage a rental property : What Rate Can You Expect to Pay?

Most agencies in Brisbane charge property management fees between 7.5% to 12% plus GST. This is for the management fee, including the rent collection commission. In Brisbane, there are agencies who charge either a fixed annual fee or less than 7.5% to manage your property. To run an effective property management agency and to maintain a high level of service, their business models are sustainable but their services are not!

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191 Musgrave Road,
Red Hill QLD 4059

07 3367 3411