Property Management Fees Brisbane
One of the most frequently asked questions we receive from owners is, “How much do you charge for property management?”
We believe there isn’t a one-size-fits-all approach to this question. We understand the cost pressures that come with owning an investment property, which is why we listen closely to our owners’ needs and tailor our management packages to suit both their requirements and budget.
While our fees are competitive compared to others in the industry, it’s not the fees that truly set us apart. Position One Property offers you peace of mind, knowing that one of the best property managers in Brisbane is looking after your valuable asset.
What’s Included in Our Management Fees?
Our management fees cover a wide range of essential services to ensure the seamless operation of your property, including:
Advertising and Inspections
- Digital photography of the property
- Advertising across 7 real estate websites, our office, and social media platforms (Facebook, YouTube, Instagram)
- Signage at the property
- Open homes and inspections for prospective tenants
Expert Leasing and Tenant Selection
- Experienced leasing professional to attend open homes
- Processing tenant applications with a TICA database check
- Detailed entry condition report, including photos
- Lodgement of necessary RTA forms
- Lease renewal negotiations and preparation
Management and Care of Property
- Arrangement and management of maintenance repairs
- Routine inspections with detailed reports and photos
Financial Management
- EFT funds deposited fortnightly or monthly with a statement
- Daily monitoring of tenant rent payments and arrears management
- Payment of rates, body corporate levies, and insurance (if requested)
- Income and expenditure report at the end of each financial year
- REIQ membership (Real Estate Institute of Queensland)
At Position One Property, we’re committed to managing your investment property with expertise and care. To learn more or to have your property managed by Position One Property, call us at (07) 3843 4511 or email info@positionone.com.au. Alternatively, fill out the form below, and our friendly team will contact you promptly.
Understanding Property Management Fees in Queensland
Property management fees cover a range of services such as tenant placement and property maintenance. These fees reflect the level of service you receive, and at Position One, we’re committed to transparency and excellent customer service. This ensures you always know what you’re paying for and the value it brings to your investment.
What Are Property Management Fees?
Property management fees are charges owners pay for services such as managing tenants and maintaining properties. These include:
- Management fees for daily operations
- Leasing fees for tenant placement
- Advertising fees for marketing vacant properties
With our extensive experience, Position One ensures these fees provide exceptional value to our clients.
Breakdown of Common Property Management Fees & Costs
Understanding standard property management fees and industry averages, as well as how factors like location and property type affect costs, can help property owners make informed decisions.
Management Fees
Typically ranging from 5% to 10% of the weekly rent, management fees cover essential daily tasks like rent collection, tenant communication, and maintenance management. At Position One, we aim to maximise your property’s potential while minimising your stress.
Letting Fee
Letting fees, generally equivalent to 1 week’s rent, cover tasks such as finding a tenant, handling lease agreements, and conducting inspections. These fees ensure a smooth and professional start to the tenancy.
Lease Renewal Fees
When a tenant renews their lease, a lease renewal fee is typically charged, usually around 25% to 50% of one week’s rent plus GST. This fee covers the work involved in updating lease agreements and ensuring a smooth renewal process.
Advertising and Marketing Fees
Advertising fees are essential for promoting your property and ensuring maximum exposure to attract potential tenants quickly. Position One customizes marketing strategies for each property, using our extensive tenant database and local engagement to minimise vacancy periods.
Inspection and Maintenance Fees
Routine inspections ensure the property meets standards and any necessary maintenance is noted. Reports are shared with property owners, along with advice on repairs and recommendations to keep the property in top condition.
Why Transparency in Fees Matters
Transparency in property management fees is key to building trust and avoiding hidden costs. At Position One, we believe in clear, open communication. Our clients are always informed about all fees and services, which helps foster long-term, reliable relationships.
What Do Property Management Fees Cover?
Use the same content that is currently on Position One’s property management services page.
How Position One Maximises Your Brisbane Rental Return
At Position One, we understand that a great tenant is key to your property’s success. We carefully select tenants through rigorous background checks and references. By staying on top of maintenance and monitoring the property, we ensure it stays in excellent condition. Our deep knowledge of the local market helps us reduce vacancy periods and increase tenant satisfaction, ensuring you get the best returns possible.
Learn more about why to choose Position One.
Frequently Asked Questions About Property Management Fees
Are property management fees tax deductible?
Yes, property management fees are tax-deductible. This helps reduce your taxable income, making managing investment properties in South East Queensland more cost-effective. Always consult a tax professional for accurate advice.
What is a letting fee for rental properties?
A letting fee covers finding a tenant, handling lease agreements, and conducting inspections. It ensures a smooth, professional start to the tenancy, making property management efficient from the beginning.
How often are property management fees paid?
Property management fees are typically paid either monthly or bi-monthly. This can be discussed and tailored to your preference during the onboarding process with Position One, ensuring a schedule that works best for you.
Are there any hidden fees I should be aware of?
If your property managers have explained the process correctly, there should be no hidden fees.
Can property management fees be negotiated?
Yes, at Position One we have tailored packages. Simply reach out to our team.
How can property management help maximise my rental return?
Having a great property investment partner working for you, maximizes your return by having zero vacancy benchmark, maximising the rent to market value and choosing great tenants that will look after your asset.
Contact Us for a Free Consultation
Looking for top-notch property management? Get your free consultation with Position One. Contact us today, and let’s enhance your rental property’s performance!