Property management

[khabilli]

Just wondering if anyone on the board has property let by management companies. How much commission do they charge? Any positive/negative experiences?

[Candyman]

over the water companies charge on average about the equivelent  of 1 months rent of that property per year for managing it 

[thebandit]

5% of the rent on one in Monaghan,

7.5% on one in Drogheda

[An Fear Rua]

over the water companies charge on average about the equivelent  of 1 months rent of that property per year for managing it 

In england its 10% of the monthly rent, plus they usually charge £50 a go to call out the handy man to suss out whats gone wrong . You also need Landlords insurance and annual gas and electric checks/certs. If your happy enough giving them money its ok, They will also guarentee your money , if the tenant doesnt pay them, they still pay you.

Ive used agencies before for my props, but currently renting to people I know, so saving the fee.

[mannix]

If you are counting on every penny to pay the mortgage try letting it yourself.They will get plumbers and electricians and charge full whack for little problems and generally cannot get a bad tenant out any faster than you can.A good lease, a record of the previous rent payments and most definetly a months deposit and a months rent up front are the best bet.And never take anyone at face value.
A crowd in Ballina were to let a place for me, the most i could expect was 125 per week and they charge 50 per month, i let it myself and get 145 and save the 50 euro as well.They are not in business to please you or me, money is the last word.

[MayoMan]

back the park?? 

[mannix]

No, i heard its very hard to deal with alot of the clients looking for houses back there and the angel gabriel.Houses dirt cheap there for a reason.I can buy 2 houses side by side there for 130k but would have wicked neighbours and never have a minutes peace.