Property Management

Principal Property is not your typical real estate agency; we are a small boutique firm where personalised service and attention to detail are paramount. With a philosophy rooted in treating each property as if it were our own, we go above and beyond to ensure your investment receives the care and attention it deserves. Unlike larger agencies, we attend all inspections ourselves, ensuring that nothing goes overlooked. Additionally, we take care of maintenance arrangements personally, utilising our network of trusted professionals to ensure that your property is always looked after. At Principal Property, we pride ourselves on our hands-on approach and dedication to providing the highest level of service to our clients.

Frequently Asked Questions

Management Fee: 

We handle your rental property for a fee of 8% + GST, 

Let Fee:

Charged at the beginning of a new lease with new tenants, this is standard practice in Real Estate and amounts to one week’s rent + GST. The initial two rent payments from tenants cover this cost, with the surplus credited to your account.

Administration:

We do not impose administration charges; it's a complimentary service.

Maintenance: 

Organising maintenance is at no extra cost to you; it's a complimentary service.

Resigning of a Lease/Renewal:

Renewing leases incurs no charge; it's a complimentary service.

End-of-Year Financial Statements:

This is included in management Fee no further charges.

How much does advertising cost?

We can organise professional photos for your property if you wish its usually around $225 with a floor plan. However, this is not compulsory – We can take the photos for you. We do recommend professional photos if you are planning to rent long term.

Currently to list a property on Realestate.com.au is $270 – however we will discuss this with you before we list a property.

Inspections:

There are no fees for conducting inspections; it's a complimentary service. We try to do inspections every 3 months – unless the landlord askes for it to be done 6 or 12 months. If there is a problem with the property, we try to inspect the problem to work out the best resolve.

How often will inspections be undertaken?

Property inspections occur every 3- 4  months, included in the management fee.

Will you organise maintenance? 

Maintenance can be arranged, with our tradespeople offering high-quality service at fair prices. We'll always inform you before organising anything. This service is also complimentary to Principal Property owners.

When will I receive my payments?

Owner payments are disbursed mid and end of the month.