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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 !!!