Property Manager
Property Management
A licensed professional who manages rental properties on behalf of the owner, handling tenants, maintenance, and compliance.
Full Explanation
A property manager handles tenant screening, lease preparation, rent collection, routine inspections, maintenance coordination, and compliance with state tenancy legislation. Fees typically range from 5% to 12% of collected rent plus additional charges for letting fees, lease renewals, and advertising. A good property manager minimises vacancy, ensures legal compliance, and protects your asset. Management fees are fully tax-deductible.
Example
Your property manager charges 7% of rent ($140/month on $2,000 rent) and handles all tenant enquiries, maintenance requests, and quarterly inspections.
Frequently Asked Questions
Are property management fees tax-deductible?
Yes. All property management fees including ongoing management percentage, letting fees, advertising costs, and lease renewal fees are tax-deductible expenses for investment property owners.
Can I manage my investment property myself?
Yes, but you must comply with your state's tenancy legislation, which covers bond lodgement, entry notices, condition reports, and dispute processes. Self-management saves fees but requires significant time and knowledge of the law.