What does it cost?
Let’s chat about the fee situation!
Your fee is all about suiting you and your properties needs, reflecting what Bloom brings to the table – our skills, experience, attitude, and knowledge to get the best from your property investment.
And guess what? We like to keep things simple and crystal clear, no sneaky hidden costs here. We have three fee options tailored to you and your property needs, so you can pick the one that resonates with you.
Option A) is the go-to if your place needs a bit of TLC or it’s been around the block and needs more maintenance love. It means more time and effort on my end, working together on a game plan to get things shipshape ASAP. With Option A, you’re looking at a flat fee that covers everything – no surprise charges on top of your invoices.
Option B) is the right choice if your property is already in excellent condition. Think new builds or places that had a makeover in the last 2-5 years, surpassing all the Healthy Home standards and on their way to HomeFit Plus certification. Less time spent on maintenance means a lower management fee on rent collected and only getting charged for maintenance when it pops up.
Option C) is ideal if you’re into a pay-as-you-go style, and you’re OK with a bit of monthly income variability. It’s got a lower base fee for management, and user pays for specific services and events as they occur. It’s a traditional management company fee structure with our exceptional service and experience.
And, speaking of fees, there are just two rare ones that might pop up on all options: a letting fee if our deal ends early after we’ve landed you a great tenant, and an hourly charge for things outside the usual job description or hours – like managing a reno, sorting out insurance claims, or doing extra inspections.
Three Fee Structure Options
At Bloom Property Management, we’ve three easy fee options to suit you best:
Option A) is a 15%+ GST on rent collected, all-inclusive.
Option B) is a 12.5% + GST on rent collected and 12.5% + GST on all invoices.
Option C) is 9% + GST on rent collected, 9% on invoices, plus some extra charges for inspections, admin stuff, statements, initial and final checks, letting and lease renewals, Tribunal, and the whole shebang.
Need some help deciding which is best for you?
Just ask. I’m here to give you the lowdown on which option might be your perfect match if you’re unsure. Let’s make this decision stress-free!