At MKG, we believe in old school values, and appreciate that good service and attention to detail is the difference between good and great long-term investments.

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Rental properties can be tricky, and attention to detail is very important in building great relationships with both tenants and landlords. We have a dedicated Property Manager, who looks after every detail relative to your investment -bonds, rent checks, property inspections and working with the tenants.

If you have a portfolio of properties, the same person will look after all of them. That way you can contact us at any time and know that we will understand exactly what is going on with your investments.

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What are the Property Management Fees in Brisbane?

One of the most frequently asked questions we are asked by landlords is “how much are your property management fees?”. Our team at MKG Realty Services is dedicated and focused on taking the worry out of investment property ownership. An investment property that is not managed effectively leaves you exposed to unnecessary risks and costs which could affect your bottom dollar. 

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Most agencies in Brisbane charge property management fees between 7.5% to 12% plus GST for the management fee, including the rent collection commission. It’s integral that you understand what services are included in this rate, without knowing this you cannot determine who is providing the best value and knowledge.

In Brisbane, there are agencies who charge either a fixed annual fee or less than 7.5% to manage your property. To run an effective property management agency and to maintain a high level of service, we are unsure of how these business models are sustainable.

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In addition to asking the above questions also ask to review an Entry Condition Report (ECR)– these reports are your protection when a tenant vacates a property. The ECR should include detailed descriptions on every applicable section, when engaging a discounted agency to manage your investment, we find that the entry condition reports are not detailed enough to protect landlords when their tenant vacates, this could leave you out of pocket for a figure far greater than the initial savings in property management fees. 

We also find agencies with discounted property management fees put their property managers under enormous pressure, managing any more than 140 properties. This means less care and due diligence, consequently resulting in poor management of your investment property. Quite simply, poor management costs the landlord money.

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Common Property Management Fees

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Letting commission

In Queensland, a letting commission is also referred to as the either the letting fee or let fee. This is the fee to the investor for the letting service of the premises. Agencies are able to charge any amount for this fee, which generally ranges from one to two week’s rent plus GST.​​

Tribunal representation fee 

Representing the investor in the Queensland Civil and Administrative Tribunal (QCAT)

Lease renewal fee 

Conducting a rental appraisal, negotiating with the tenants on the landlord’s behalf to secure further fixed term agreement & preparation of a new General Tenancy Agreement.

Administration fee 

This is also referred to as a sundries fee. This includes payment of accounts, mid-month and end of month processing

End of financial year statement fee 

A summary of expenses & income from the financial year to assist with your tax return.

Periodic/routine inspection fee 

A fee for the agent to carry out an inspection of the property during a tenancy.

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The following common expenses may be included in the management agreement:

• Title search, at cost

• QCAT lodgment charge, at cost

• Body corporate searches and other searches required, at cost.

• Advertising and marketing costs

• Change of Shared Tenancy Costs (for compensation by the tenants)

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