10 Perth Property Management Fees to Avoid

How Platinum Property Co Simplifies Your Costs

When it comes to managing your investment property, understanding the fees involved is crucial. Some property management companies in Perth may charge for various services that can quickly add up, cutting into your rental income. At Platinum Property Co, we believe in transparency, which is why all essential services are included in our simple flat fee. Here are 10 common property management fees to avoid and why choosing **Platinum Property Co** for your **Perth Property Management** needs can save you money.

1. Routine Inspection Fee

What It Is: Many property managers charge a fee for routine inspections, which are conducted to ensure your property is well-maintained and tenants are adhering to their lease agreements.

Why You Should Avoid It: Routine inspections are a standard part of property management. Charging extra for this service is unnecessary. At Platinum Property Co, routine inspections are included in our flat fee, ensuring your property is regularly monitored without any surprise costs.

2. Property Condition Report Fee

What It Is: A Property Condition Report (PCR) is a detailed document outlining the condition of your property at the start and end of a tenancy. Some agencies charge a separate fee for this report.

Why You Should Avoid It: The PCR is crucial for protecting your investment, but it shouldn’t come with an extra charge. Platinum Property Co includes the preparation of the Property Condition Report in our flat fee, so you can be assured of thorough documentation at no additional cost.

3. Lease Renewal Fee

What It Is: This fee is charged when a tenant renews their lease, covering the cost of updating lease documents and negotiations.

Why You Should Avoid It: Lease renewals are a routine part of property management and should not incur extra fees. At Platinum Property Co, lease renewals are included in our flat fee, saving you from unnecessary charges every time a tenant renews.

4. Court Costs

What It Is: If there is a need to take legal action, such as evicting a tenant, some property managers charge court costs separately.

Why You Should Avoid It: Legal issues are rare, but they should be managed without additional financial burden on you. Platinum Property Co includes court representation in our flat fee, ensuring you’re supported throughout any legal proceedings without surprise costs.

5. End of Financial Year Report Fee

What It Is: This fee covers the preparation of an end-of-year financial summary, which is essential for tax purposes.

Why You Should Avoid It: Your end-of-year financial summary is critical for tax reporting, and you shouldn’t be charged extra for this essential service. At Platinum Property Co, we include the preparation of this report in our flat fee.

6. Final Inspection Report Fee

What It Is: A final inspection is conducted when a tenant vacates to ensure the property is in good condition and to determine if any bond deductions are necessary.

Why You Should Avoid It: The final inspection is vital for ensuring your property is returned in good condition, and it should be included in your management fees. **Platinum Property Co** covers this in our flat fee, so you can avoid unexpected costs when a tenant moves out.

7. Postage Costs

*What It Is: Some agencies charge for postage, including sending letters, notices, or documents.

Why You Should Avoid It: In today’s digital age, charging for postage is outdated and unnecessary. At Platinum Property Co, we don’t believe in nickel-and-diming our clients, so postage costs are included in our flat fee.

8. Insurance Claim Lodgement Fee

What It Is: If a claim needs to be lodged with your property insurance, some property managers may charge a fee to handle this process.

Why You Should Avoid It: Lodging an insurance claim should be part of your property manager’s responsibilities, not an additional cost. **Platinum Property Co** includes insurance claim management in our flat fee, ensuring you’re supported without any hidden fees.

9. Meeting Charge

What It Is: Some property managers charge for meetings or consultations, whether it’s to discuss your property or to resolve issues.

Why You Should Avoid It: Communication is key in property management, and you shouldn’t be charged for it. **Platinum Property Co** includes all necessary meetings and consultations in our flat fee, ensuring open and ongoing communication at no extra cost.

10. Document Preparation Fee

What It Is: This fee is charged for preparing legal documents, such as leases or tenancy agreements.

Why You Should Avoid It: Document preparation is a fundamental part of property management and should be included in your management fees. At Platinum Property Co, all necessary document preparation is included in our flat fee, providing you with peace of mind and transparent costs.

The Platinum Property Co Difference

At Platinum Property Co, we believe that property management should be straightforward and transparent. By including all essential services in our flat fee, we eliminate the guesswork and ensure that you’re not hit with unexpected charges. Our approach allows you to focus on maximizing your rental income, knowing that your property is being managed with care and integrity.

For Perth Property Management that prioritizes your financial success without the hidden fees, trust **Platinum Property Co**. Contact us today to learn more about how our simple flat fee structure can benefit your investment property.