RILEY REIQHow to charge like they do in the usa.docx

How to charge like they do in the USA – Aussie Style

Let Fees Rent Collection

ManagementFees

Lease Renewal Fee

PeriodicInspections

Let Fee

• One day of inspections – 96.2 km

• 6 inspections – two no shows

• 2 applications

• Time -2hours 40 min

• 96.2km @72cents = $69.27

• One staff member $16 per hour $38.40

• Total $107.67 – no return

19 Smith St - $320pw

• 7 Inspections time took 3 hours 15 min =$50.40

• 56 km round trip x 7 inspections

• Total of 392km @72c = $282.24

• Process application Takes about 1 hour $16.00

• Total $348.64

• Loss of $28.64

• Not Counting the Condition Report or documentation

19 Smith St - $320pw

• One more inspection

• Total 8 inspection time 45 min = $57.60

• Another 56 km @72c = 448 = $322.56

• Total to rent this property $380.16

• Loss $60.16

Leasing Properties

• Showing Properties

• Open Inspections

• Private Inspections

• Safety First

• KPIs

Extras

Advertising

Internet – Window Cards

Renovated and Refurbs

Aon Insurance

Direct Connect

SIX MONTHS @$340PWLET FEE - $374

TWELVE MONTHS @$340PWLET FEE - $748

8.5 % - $826.54 8.5% - $1653.08

LEASE RENEWALS - $ LEASE RENEWAL - $55

PERIODIC INSPECTIONS - $44 PERIODIC INSPECTIONS - $88

TRIBUNAL HEARING - $ TRIBUNAL HEARING - $55

ADMIN FEE - $66 ADMIN FEE - $132

TOTAL $1310.54 -26 WEEKS TOTAL $2731.08 - 52 WEEKS

PER WEEK - $50.41

PER DAY - $7.20

PER WEEK - $52.52

PER DAY - $7.50

• $400,000 • average value

• 100 • properties

• $40 Million

Property Portfolio

What are your fees?

HOW MUCH

Agency Administration

Presented by Helen Habgood

Agency Administration

Presented by Helen Habgood

Agency Administration

Presented by Helen Habgood

Agency Administration

Presented by Helen Habgood

Fees and Charges

Maintenance and repairs

Supervising

Checking on the property

Styling package

TICA and NTD checks

Insurance Claims

Insurance – meeting Assessors and arranging repairs

Agency Administration

Presented by Helen Habgood

Agency Administration

Presented by Helen Habgood

Agency Administration

Presented by Helen Habgood

Agency Administration

Presented by Helen Habgood

Don’t take Cash !!!