When comparing property managers, most landlords focus on one thing: the management fee.
It’s understandable. A lower percentage sounds like a better deal. But what many property owners don’t realise is that the management fee often tells only part of the story.
Over the years, we’ve spoken with countless landlords across the Mornington Peninsula who were surprised to discover they were being charged additional fees for services they assumed were already included.
From EOFY statements and routine inspections to technology fees and lease renewals, these costs can quickly add up and significantly impact your investment returns.
Common Additional Fees Landlords May Be Paying
While every agency is different, some of the more common charges found in property management agreements include:
- EOFY statement fees
- Administration fees
- Technology or software fees
- Routine inspection fees
- Lease renewal fees
- Lease preparation fees
- Tribunal attendance fees
- Maintenance coordination fees
- Compliance administration fees
- Advertising charges
- Photography fees
- Postage and printing fees
Some of these services may be entirely reasonable depending on the agency and the circumstances. However, many landlords are surprised when fees begin appearing for activities they believed were simply part of managing their property.
The True Cost of “Cheap” Property Management
A low management fee can look attractive at first glance.
However, if an agency charges additional fees throughout the year, the overall cost of management can end up being significantly higher than expected.
For example, a landlord may save a small amount each month on management fees, only to later receive charges for inspections, lease renewals, annual statements and compliance administration.
This is why it’s important to understand the complete fee structure rather than comparing management fees alone.
Questions Every Landlord Should Ask
Before signing a management agreement, consider asking:
- Are EOFY statements included?
- Are routine inspections included?
- Is there a fee for renewing a lease?
- Are there any administration or technology charges?
- Will I have one dedicated point of contact?
- Are there charges for organising maintenance?
- What fees apply if a matter proceeds to VCAT?
- Are there any annual compliance fees?
The answers can provide a much clearer picture of the true cost of management.
Property Management Should Be Simple
At Scenic Property, we believe landlords deserve transparency.
Property management should be about protecting your investment, securing quality tenants and providing exceptional communication—not finding new ways to add charges throughout the year.
That’s why we focus on clear, straightforward pricing and personalised service from a dedicated local team who understand the Mornington Peninsula market.
Not Sure What You’re Paying?
If you’ve had the same property manager for several years, now is a great time to review your management agreement.
Many landlords are surprised to learn how much they are paying in additional fees each year.
If you’d like an obligation-free review, our team can provide a complimentary comparison of your current management agreement and explain exactly what you’re paying for.
Request Your Free Property Management Fee Review
Whether your property is in Frankston, Mount Eliza, Mornington, Mount Martha, Safety Beach, Dromana, McCrae, Rosebud or Rye, we’re happy to help you understand your options and ensure you’re receiving value for money from your property manager.
Contact Scenic Property today for a confidential review of your current management arrangement.
