Belt Auction

How much are real estate agents fees to manage your property when you rent it out?

If I was to move overseas and rent my house out, how much would I expect to pay a real estate agent to manage the property? Eg as a percentage of the weekly rental rate? I forgot to say, this property is in Sydney, Australia.

Public Comments

1. Typically half of the first months rent 7 10% of the gross rents over the life of the lease.
2. I am a landlord in Sydney Australia and at the moment I am paying 8% of rent in Management fees. Also they usually take the first weeks rent at the start of a new lease. With the shortage of rental stock though in Sydney I am sure you should be able to find property managers who could probably do better then 8%.
3. Commercial properties usually have contracts for a percent of the income in the range from 5% to 10%. some include a portion of first months rent, others dont. for your situation, a house usually is a flat rate per month plus reimbursement expenses to handle repairs (or you can set up a fund for them to use.). I hope that helps.
4. Most property management companies charge by a percent in witch the market and other competition usually dictates just like when you sell a home the company I had worked for charged a monthly rate