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Letting Charges: Depending upon the area where the property is being rented, a rental fee, which is equal to 1 to 2 weeks of the property rent, gets charged by the property management service . Management Charges: The management fee varies from company to company. Some charge a definite amount every month, whereas there are others which go for a percentage of the total rents collected. In general this fee varies between 4 to 18%. Advertisement Charges: With the popularity of Internet advertising, increasing, the advertisement fee in property management has decreased over the years. Since print advertisement is not needed nowadays, it is better to be wary of managers who insist on such marketing. Expect payments in the range of $100 - $600 involved in each letting based on ‘feature’ or executive properties. Accounting Report Charges: An account report related to outgoing and incoming yearly expenses is provided by the property management service. Quite naturally a fee gets charged for the same which is the accounting report fee. This is between $30 and $150. Property Condition Report Charges: This fee is charged whenever a new report gets prepared or even for new tenancy. This is between $99 and $ 175. Photography Charges: Quality photos are an important is part of new property advertisements. Based on the type of property involved, this can be as high as $175. Regular Inspection Charges: Regular inspection of the property is an important part of property management jobs. A definite fee is charged for the same. This may be anything between $11 and $77 charged for every inspection which is done. Lease Renewal Charges: Whenever the existing tenant need to go for a new property agreement, this kind of fees gets charged. In general this is ½ the letting fee. Maintenance Charges: Charging the maintenance fee is not a regular scenario, however, it does exist. This can be anything up to $55. Bond Inspection Charges: From vacating the tenants that occupy the rental properties to making these spaces liveable again for letting purposes, a fee gets charged by the property managers. These waver between $33 and $155. Charges for Processing of Insurance Claims: For dealing with the insurance claims made by the landlords, the property managers charge a definite fee. There is an hourly charge involved in this which can go up to $165. Charges for Database Checking: Applications for property rentals get checked against databases containing multiple tenancies and a fee gets charged regarding the same. This can go up as high as $55. Annual Statement Charges: For the summary statement report generation which covers the previous financial year, a fee gets charged. This can be anything between $11 and $55. Charges for Special Payments: This special payment fee gets charged when the landlords want to get the rent amounts outside of their regular rental cycles. Charges for Tribunal Attendance: When the property managers have to travel to attend tribunals, a fee gets charged by them which can be $55 or $165 on an hourly basis.
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