Schedule of Fees

house.jpgThe team at Mana Property Management take pride in providing an extensive range and level of services while helping the owner maximise their own profits within their property business. No doubt this is a reflection of Tania Elmer being an Accountant herself and therefore always keen to look after the numbers for her clients.

 

Management & Maintenance Fees

Dunedin Residential 
The standard management rate is 8.5% + gst on rents received or 9.5% + gst when the owner arranges their own maintenance.  Management fees on maintenance or renovations is 8.5% + gst.  Management fees on non maintenance invoices paid on your behalf including rates and insurance are 5% + gst.  The management fee on large renovation projects maybe negotiated prior to quotes being accepted and work commencing.

Dunedin Student or Fringe
The student or fringe management rate is 10% + gst on rents received or 11% + gst when the owner arranges their own maintenance. Management fees on maintenance or renovations is 10% + gst.  Management fees on non maintenance invoices paid on your behalf including rates and insurance are 5% + gst.  The management fee on large renovation projects maybe negotiated prior to quotes being accepted and work commencing.

Central Otago
The Central Otago management rate is 10% + gst on rents received or 11% + gst when the owner arranges their own maintenance.  Management fees on maintenance or renovations is 10% + gst.  Management fees on non maintenance invoices paid on your behalf including rates and insurance are 5% + gst.  The management fee on large renovation projects maybe negotiated prior to quotes being accepted and work commencing.

Initial Costs

The initial charges including assessment of rent, showing prospective tenants, and credit checks (up to two) are oncharged to the landlord but these costs are restricted to $60 + gst so you know where you stand. Additional credit checks at the start of a tenancy or through the year (change or addition of tenant) are charged at $30 + gst each. (Where possible mid tenancy, we will on charge the additional credit checks to the tenants).  Where a tenant re-signs their tenancy for another term, the admin charge is $60 + gst.

Specific newspaper adverts, university lists, video walkthrough tours or Internet advertising listing fees etc are to be paid by the owner. (free listings such as Locanto and Houses to rent etc are loaded at no charge).

Rental Assessment

The rental assessment is included in the above charges when the property is managed by us. If following the rental assessment both parties do not agree on the rent or actions required in preparation of letting the property and the management does not take place, the cost of a one off rental assessment and any sundry costs incurred to date will be payable by the landlord. The one off rental assessment cost is $50+ gst for Dunedin.

Property Inspections

Inspections are required to help ensure the property is being looked afer by the tenants and maintenance is being dealt with in a timely manner.  Many insurance companies also require a certain number of inspections to be undertaken during the tenancy and may request copies of inspections when assessing an insurance claim.  Our inspections include colour photos and plenty of detail.  Inspections are charged out at $50 + gst per inspection (or $110 + gst for the final or inital inspection per tenancy for a furnished property). 

Additional Costs

Where a dispute results in mediation or Tribunal, such costs charged to us including "Application for order of the Tenancy tribunal", "Order of examination" etc will be on charged to the owner. However we will take all reasonable steps to avoid such circumstances and where such a situation arises we will communicate fully with you. We do not charge for our time in attending mediation or Tribunal in Dunedin providing the problem did not exist at the beginning of the contract.
Monthly statements and year end statements are free and the system can be set with up to two e-mail addresses (for example your accountant can receive one) however additional or ad hoc copies are charged at $20 + gst each.
Involvement and/or preparation of insurance claims incur a cost of $50 + gst to go towards the additional time spent.  Other ad-hoc activities such as representation at Body Corp meetings are charged on an hourly basis (or part thereof) currently $50 + gst.