Slash your Property Management costs
by up to 95%
Save money from your rental property when you self-manage using RentingSmart with Tenant Connect. Stop paying rental management fees and start saving today.
Example scenario
A unit rented for 2 years, on an initial 12 month lease.
The first year was for 50 weeks charged at $600 per week.
The second year was for 52 weeks charged at $615 per week.
Management fees were 7% + gst.
If there was a range of figures, I chose the lower amount
(e.g. marketing packages often range from $250 to $550).
Now check the comparison below against self-managing your own property using RentingSmart with Tenant Connect.
| Item |
Managing Agent’s fees Incl GST |
RentingSmart Incl GST |
||
| Year 1 | Year 2 | Year 1 | Year 2 | |
| Upfront yearly subscription fee | – | – | $9.99 x 12 = $119.88 |
$9.99 x 12 = $119.88 |
|
Marketing package – initial letting: from $250 to $550 |
$250 | – | $89* | – |
|
Management fees = 7% + gst 50 weeks @ $600 for year 1 52 weeks @ $615 for year 2 |
$46.20 x 50 = $2,310 |
$47.35 x 52 = $2,462.20 |
– | – |
| Letting fee = 1 week’s rent | $600 | – | – | – |
| Tenancy agreement preparation fee: from $30 to $40 | $30 | – | – | – |
|
Tenancy agreement renewal fee: ½ week’s rent @ $615/wk |
– | $307.50 | – | – |
|
Statement and Administration fees: from $5 to $10 per month |
$5 x 12 = $60 |
$5 x 12 = $60 |
– | – |
|
Marketing package – subsequent letting when tenant leaves: from $250 to $550 |
– | – | – | – |
|
End of year financial report fee: from $15 to $25 |
$15 | $15 | – | – |
|
Tenant reference check: from $30 |
$30 | – | – | – |
| 1 year total | $3,295 | $2,844.70 | $208.88 | $119.88 |
| 2 year total | $6,139.70 | $328.76 | ||
*RentingSmart has a comprehensive $89 advertising deal with For Sale By Owner.
$328.76 is a mere 5.3% of $6,139
Self-Managing Your Own Property Can Work For You
It’s done by hundreds of thousands of investors, all around the world. You can do it too.
Many Professional Property Managers Are Too Busy to Manage Your Property As Closely As You Can
You’re far more likely to have a better relationship with your tenant.
Regain Complete Control by Self-Managing
When you self-manage, you have all information at your fingertips.
Win a Tenant Faster In a Tight Rental Market
You can afford to lower your rental by a small margin to secure a tenant.
Many Investors find that they can get better value from their Tradespeople than a Property Manager
Scrutinise quotes and deal directly with your own preferred trades.
Better Cash Flow – You’re Paid the Rent Money Immediately, not when an Agent Decides
Your tenant pays you the rent money directly.