You've found this page because you're looking around for a reasonable Property Management Fees for your investment property.

This page is about Property Management Fees in Perth, WA. Perth Property Management Fees cannot be compared to the east coast. It is more expensive in Perth for the same reason why coffee cost $4.5 in Perth and $3.5 in Melbourne or Sydney.

Property Management Fee Structure

 

I've used 4 property managers in Perth in the past and they all have a very similar fee structure for the fees that always occurs.

  • Property Management Fee (~9% + GST)

  • Leasing Fee (2 weeks + GST)

  • Lease Renewal Fee ($100-200 + GST or 1 week + GST)

  • Quarterly Routine Inspection Fee (~$50-100 + GST / inspection)

  • Bond Inspection Fee ($100-200 + GST)

  • Admin/Sundry Fee ($5-10 + GST / month)

  • Annual Tax Statement Fee (~$50 + GST)

 

It's crazy Property Managers charge all these fees! It's good for the Property Manager but very bad for landlords! One thing investors need to look out for is property managers sometimes charge fees that they shouldn't charge to you! I know that has happened to me and I'm sure it's happened to you. (This is why a simple flat-rate fee eliminate overcharging)

Property Management Fees Example

 

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PROPERTY OWNERS

I have a property right now that is having some issues so I can't quite move it over to Box Property Management, but here are the numbers on it:

  • Rental Income of $360 per week (pw)

  • Property Management Fee ($35.64/week)

  • Leasing Fee ($792)

  • Lease Renewal Fee ($165)

  • Quarterly Routine Inspection Fee ($99)

  • Bond Inspection Fee ($220)

  • Admin/Sundry Fee ($6.6)

  • Annual Tax Statement Fee ($44)

My Example

This property was leased in Dec 2017 and was recently renew this year. So let us have a look at the numbers from an investment point of view.

Income:

  • Rental $18,720 ($360pw x 52)

Expenses:

  • Property Management Fee ($1,853.28)

  • Leasing Fee ($792)

  • Quarterly Routine Inspection Fee ($396)

  • Bond Inspection Fee ($220) <= I did have to pay this because the previous tenant vacated

  • Admin/Sundry Fee ($79.2)

  • Annual Tax Statement Fee ($44)

My Returns:

  • Net Rental Income for 12m = $15,335.52 ($18,720 - $1,853.28 - $792 - $396 - $220 - $79.2 - $44)

 

Now here is where Box Property Management simple fee structure comes in.

Yes I am promoting Tien's business, but what are friends for and if the numbers stack up from an investment point of view, I don't see why you might shouldn't increase your returns too.

Box Property Management Fee structure

  • Rental: $18,720 ($360pw x 52)

  • Property Management Fee: $2,059.2 (18,720 x 11%)

  • Advertising Fee: $110 <= Yes Tien does charge this and Yes I did ask Tien about whether this can be included in the 11% that he charges and he said No. He said it because he actually has to pay to get the property listed. I actually did some research and Googled it to make sure he wasn't pulling my leg and it actually does cost around $99 so I thought this was reasonable, but you can be the judge.

 

My Returns with Box Property Management

  • Net Rental Income for 12 months = $16,550.8 ($2,059.2 - $110)

 

Conclusion:

Property Management Fees in Perth, WA is crazy expensive!

In my scenario, I would save $1,215.28 by switching to Box Property Management.

 

Click Here to Switch and Save.

 

 

Update 28 Feb 2019: Just to let you know, I have moved this property over to Box Property Management to manage now.

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