In this episode of the HeyTiff Show, hosted by Tiffany Bowtell, we dive into the essential topic of commercial property management fees. Crucial for real estate and property management agency owners in Australia and New Zealand, understanding these fees can dramatically impact profitability and operational efficiency.

Tiffany Bowtell, CEO and founder of Property Management Virtual Assistant (PMVA), breaks down:

• Common Fee Structures:
  • Percentage based fees (most common), typically ranging from 4% to 12% of monthly rental income.
  • Flat fees, which provide consistent billing.
• Factors Influencing Fee Variation:
  • Property type
  • Property location
  • Services provided
• What Fees Typically Cover:
  • Tenant management
  • Financial oversight
  • Property maintenance
  • Lease administration
• Additional Costs to Consider:
  • Lease renewals
  • Major maintenance
  • Renovation work
• Key Considerations When Selecting a Firm:
  • Experience
  • Reputation
  • Fee transparency
  • Communication practices

This episode is designed to empower you to make informed decisions, ensuring you’re receiving value for your investment in commercial property management services.

For more detailed insights and advice, visit our blog at PMVA.com.au.

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