Property managers handle a lot — tenant screening, rent collection, maintenance coordination, lease renewals. But are you getting value for that 8% fee? Here's what they actually do, and how AI is changing the equation.
Newcastle landlords typically pay 7–10% of weekly rent plus letting fees, renewal fees, and inspection charges. This guide breaks down what you're actually paying — and compares it to the 3% alternative.
Have questions about your property management costs? Get a free, no-obligation assessment from Tenora — most Newcastle landlords save $1,500–$3,000 per year.
Australian landlords pay an average of 8% to a property manager — plus letting fees, renewal charges, and inspection costs. But what does it actually cost to self-manage? We ran the numbers.
If your property manager is slow to respond, adds fees you didn't budget for, or leaves your property vacant longer than it should be — you're paying too much. Here are 5 signs and what to do.