If you are an owner in Sydney, then you will need to find a property management company at some point. Property management fees Sydney vary from company to company, so it is important to know what to expect before you sign any contracts.
What should I know about this?
The first thing you need to know is that property management companies typically charge a percentage of the rent for their services. The average fee is around eight percent, but it can range from five to ten percent. This fee covers things like marketing your property, screening tenants, and handling maintenance issues.
You will also be responsible for paying the company’s fees when it comes time to renew your lease. These fees can range from one hundred dollars to several thousand dollars, depending on the size and complexity of your property.
In addition to the monthly management fee, you may also be charged a leasing fee when you first sign a lease with a company. This fee is typically between one and three months’ rent, and it covers the costs of finding and screening tenants.
We hope this information has been useful to you.
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