What are your estate agent's fees when letting out your home?
6 Answers
Pure Real Estate charge a flat 7.5% = one week's rent as a letting fee
Our package includes all the below services free of cost to you for new investors
Terri Sheer landlord insurance - valued at $429
Smoke alarm compliancy - valued at $129
Matterport 3d tour - valued at $299
Professional photos - valued at $100
Waterwise check - valued at $150
www.purerealestate.com.au
We are not going to end up with any one willing to risk taking on a property to rent out. and then we will have a homeless crisis. So the "owner" has the privilege of paying everyone else. 7.5% is steep out of a years rent. Owner has a massive mortgage to serve - no risk to the agent. Repairs are no risk to the agent. A more realistic account keeping fee of $20 per month plus a rate per service based on time required - eg new tenancy $x per viewing with interview all governed by REIQ. Repairs - half hour or max of 1 hour to receive ph call book repair person, advise tenant and send repair quote to owner.
Flat Fee Property Brisbane Management
Cooper Jackson Property Management is the original Flat Fee service in Brisbane. This is a Full Service without all the add-ons of other offices. The Flat Fee would be up to 50% less than alot of the fees charged on inner-city properties by all the traditional franchises.
www.flatfeepropertymanagement.com.au
Pure Rentals an Australian first with a flat Management fee of $1249PA + gst
1 weeks rent as a let fee
No other fees or charges ever
www.purerentals.net.au
This is directly from the office of fair trading in Queensland:
The maximum letting fee that a real estate agent can charge you for managing your rental property depends on the length of the tenancy agreement.
Tenancy agreement length - Maximum letting fee
More than 5 years - 7.5% of the average annual rent
Between 1 and 5 years - 5% of the first year´s rent
Between 3 weeks and 1 year - 1 week´s rent
Between 2 and 3 weeks - 75% of 1 week´s rent
Less than 2 weeks - 50% of 1 week´s rent
If an agent has charged you a letting fee (according to the table above), they may then charge commission of:
• 5% of the rent collected for the first year and
• 7.5% of rent collected from then on.
If an agent has not charged you a letting fee, they may then charge commission of:
• 7.5% of rent collected.
Your agent is also entitled to further payments, as agreed in writing between you and the agent, if they arrange and supervise repairs and replacements for the property.
AND here is the URL: http://www.fairtrading.qld.gov.au/property-management.htm
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