Maximise your investment with Perth’s most trusted property managers

A property manager is a person or company hired to look after (residential, commercial or industrial) real estate on behalf of the owner. They act as the third party between the landlord and the tenants.

They are responsible for the daily supervision and management of residential, commercial, or industrial real estate and the tenants.

A property manager (or ‘real estate manager’) is responsible for the ongoing management of a property and its’ land.

The day-to-day duties of a rental property manager include tenant relations, rent collection, property maintenance, repairs, and legal compliance.

They are also responsible for marketing vacant units, conducting inspections and managing financial aspects, such as budgeting and reporting.

A property manager typically handles:

• Sourcing tenants – advertising the property, showing it, and screening applicants
• Rent collection – making sure rent is paid on time
• Maintenance & repairs – organising inspections, fixes, and general upkeep
• Legal compliance – ensuring the property metals all applicable rental regulations and safety standards
• Tenant communication – handling queries, complaints, and disputes
• Lease management – preparing and renewing rental agreements

Rental property management fees in Perth WA can vary depending on the fee structure, the number of properties under management and your specific needs.

Typical fees include:

• Management fees (usually 5 – 10% of the rent)
• Letting fees (often 1 – 2 weeks’ rent)
• Lease renewal fee
• Inspection fees
• Advertising & marketing (to list the property)

Another common question we get asked is, “What is a letting fee in property management?” A letting fee is what property managers charge for finding a tenant. It’s a one-off fee, which is typically 1 – 2 weeks’ rent.

At Momentum Wealth, we provide two simple and transparent fee structures: ‘itemised’ or ‘all-inclusive,’ with the latter being charged as a percentage of the gross rent collected from the tenant. Please find more information below.

Real estate management fees in Perth can vary greatly depending on the fee structure and your rental return.

At Momentum Wealth, we offer two straight-forward and transparent fee structures: ‘pay as you go’ or ‘all-inclusive.’

Pay as you go:
With no ongoing commitment and clear pricing, our ‘pay as you go’ option is ideal for landlords who don’t want to commit to an ongoing fully managed service. You simply pay for what you need, when you need it.

This option is beneficial for landlords with long-term tenants, as you only pay re-letting fees, bond inspections etc. when a tenant vacates – so this structure could work out cheaper in the long-run.

All-inclusive:
With this option, the landlord is charged an all-inclusive rate based on a percentage of the rent collected. The rate covers everything related to the management of the property, from tenant acquisition and referencing, to rent collection, inspections and coordinating maintenance and repair work.

The main benefit of an all-inclusive fee structure is that it enables landlords to accurately forecast the ongoing management costs, with no surprises. This helps with budgeting and can help prevent cash flow issues.

Engaging a licensed property manager saves you time and hassle.

They will handle the day-to-day management of your investment property, including:

• Tenant screening
• Managing lease agreements and renewals
• Coordinating maintenance and repairs
• Ensuring compliance with local regulations
• Addressing tenant concerns and disputes

A good property manager will also leverage their expertise and research to help lower your risks and maximise your returns.

Finding the best property management company in Perth requires extensive due diligence.

However, here are some key pointers:

• Research their reputation: Look for client reviews and testimonials to assess their reliability and service quality.
• Look for experience: Choose a company with a long service history and experience in managing properties similar to yours. Also, check that they have in-depth knowledge of the local market.
• Compare fees: Compare fees, but make sure you’re comparing apples with apples, as fee structures can vary between providers.
• Meet with them in person: Meet with potential property managers to assess their communication practices and responsiveness. This will help you to gauge their suitability.
• Assess their processes: Enquire about their procedures for maintenance, tenant screening, lease enforcement and reporting, to ensure they align with your expectations.

Yes, in Australia property management fees are generally tax deductible for investment property owners.

Many expenses incurred by you which relate to your rental property are tax deductible, including property management charges.

Other expenses you may be entitled to claim a tax deduction for include:

• Marketing costs
• Land tax, council and water rates
• Insurance
• Cleaning and gardening
• Pest control
• Maintenance and repairs

For information on deductible rental expenses and your individual tax eligibilities, we recommend speaking to a qualified tax advisor.

Whether you’re looking to upsize, downsize, or simply move home and convert your current residence to an investment property, renting out your property can be a great way to generate income.

However, we understand it can seem daunting if you’re new to the process. There are several important steps to consider before listing your property. Our experienced property management team can guide you through each aspect, ensuring a smooth and successful rental experience.

Contact us today to discuss your property and receive personalised recommendations. We’ll be happy to answer your questions and help you get started!

Momentum Wealth are a leading real estate management agency who service the entire Perth Metro region – from Joondalup in the northern suburbs, to North Perth and South Perth, across to the eastern suburbs including Forrestfield and High Wycombe, and right down to Fremantle and beyond.

As a general rule, you can change property managers whenever you want to (including mid-lease), with minimal disruption to both you and your tenant; however, switching property managers will be more complex if you’re still within the fixed term of your management authority.

The rental property management agreement can be reviewed at any time and will usually contain a termination clause, commonly ranging from 30 to 90 days. Once you’ve given written notice of cancellation and served the notice period, you will be able to switch to a new property management firm.

Transitioning to a new property management company does have the potential to significantly enhance your rental property’s performance and improve your investment outcomes.

For more information on switching providers, read our article on the topic or contact us today.

No, property managers are not the same as real estate agents, although they work within the same industry.

A property manager is responsible for the day-to-day management of rental properties, whereas a real estate agent is a licensed professional who can operate independently and handle broader services, such as selling property and overseeing property management staff.

No, a property manager in Western Australia does not need a full real estate agent’s licence.

However, they must be registered as a real estate sales representative and work under the supervision of a licensed real estate agent in accordance with the Real Estate and Business Agents Act 1978.

They cannot operate independently and managing rental properties without the required registration or supervision can result in penalties.

A ‘portfolio manager’ in real estate is essentially a property manager responsible for a group (‘portfolio’) of rental properties on behalf of the owner.

In real estate, asset management is the strategic oversight of a property (or portfolio of properties) to maximise its financial performance and long-term value.

In a nutshell, ‘property management’ refers to the day-to-day operations, while ‘asset management’ refers to the big picture and financial strategy.

At Momentum Wealth, we go beyond standard property management – focusing on higher-level decisions, such as:

• Long-term investment strategy
• Rental and pricing strategy
• Analysing returns, costs, and performance
• Advising when to renovate, upgrade, or purchase another property