Property Management Fees Melbourne

At Wise, we have a careful tenant selection process that reduces risk to our land lords. 

We understand residential property investment since we’re investors ourselves and we want to provide you with service you’d expect.

Our fees are fixed, no hidden charges. 

Property Management Fees Melbourne 1

What We Charge: 

Leasing 

One Weeks Rent.

This service includes: 

  • Professional photos.
  • Premium advertising on Real Estate.com.au. 
  • Two weekly open for inspections (Wednesday / Thursday & Saturday). 
  • Detailed condition report.
  • Tenant background checks.
  • Lease agreement contracts. 

Management

Flat fee of 5.5% including GST charged monthly. 

This includes: 

  • Processing of monthly rent payment. 
  • Managing any property repairs & or light renovations.  
  • Managing urgent repairs. 
  • Tenant inspections twice yearly (first inspection is at 3 months, then at 6 month intervals).
  • Prepare digital inspection reports (colour photos), land lords access these with online logins. 
  • All reporting is available via an online access. 
  • Monthly statements provided by email. 

Miscellaneous Fees

 

Re-negotiating a lease with existing tenants: $0.
Inspection fee: included in management fees.
Annual financial summary: $0.
VCAT application: $75
VCAT Apparence: $150.
Notice to vacate: $0.
Advertising your property: including in the leasing fee.
Transferring your property over to our agency: $0. 


Why Us? 

Online Access To Your Financial Reporting
View your rent statements, financial reports and other pertinent information about your property from our secure internet site anytime, anywhere.

Regular Rental Reviews
We are constantly monitoring rental levels and initiating rental reviews where required to ensure your property receives maximum returns.

Property Inspections
A routine inspection will be carried out within the first 12 weeks of your tenancy. Thereafter, they will be conducted every six months.

Full Rent Arrears Management
Wise is one of only a small number of real estate agencies in Melbourne authorised to “direct debit” tenants’ bank accounts for rent payments. Through this payment system 99% of our tenants’ rents are paid on time.

Personal Service
You will be given the name, direct phone number and email address of your property manager. You can contact them directly with any questions you may have about your property.