Perhaps because they always did ?
Ask yourself: is it really harder to manage an luxury rental in Epsom or a cheap unit in Otara.
Yes - you are right - it is harder to get the rent in Otara!
Percentage fees are just a rip-off for most rental properties: over-charging higher rentals and subsidising cheaper rental properties.
If you have a property which rents for a high prices we offer you HUGE SAVINGS. Just do the maths.
We charge a standard feeOur $99 per month fee covers the cost of both the Otara hovel and well as the Epsom mansion. You get the same PREMIUM Service regardless of the rent charged. Oh and just to be fair, we don't charge if you have an extended vacancy.*
Does this make for a GREAT DEAL ?
YES, IT DOES!
Won't you forget about putting the rent up?It has been said to us that we have no incentive to put the rent up. After all, we don't get any more income from a higher rent, and that is true. But we do pay attention to the market rates because we are giving you a PREMIUM service. It is all about doing our best for you. We don't put the rent up so high that you have vacancies, we do discuss it with you first, and we do put rents up if we think the market will bear it.
But don't you need a one year contract?
No, there is no need. We believe that you will stay with us for our great professional service. So we don't lock you in for a long period. If circumstances change, one month's notice is all we need in order to transfer the management.
* No, we can't work miracles, at times market conditions can make difficult to rent out a property quickly. Anyone who promises you a guarantee against vacancies is just having you pay for 'loss of rent insurance' within their (much larger) charges.