Wow! when did property management fees get so ridiculously expensive?

Earlier this year I needed to rent out my 3 x2 home, so naturally I organised a property manager from a well known real estate agency to come out and appraise the house.

I nearly fell off my chair when they told me their fees: 9.9% of rental income + first week’s rent as a letting fee + marketing fee + this fee + that fee. I’m sure they offer a very good service but seriously!!! I asked if they would be willing to negotiate on the fee and the answer was a big fat NO! I rang a few other agencies only to get a similar story.

I couldn’t believe it, I had obviously been living under a rock!

So I climbed out from underneath the rock, dusted myself off and decided I would be my own PM.  I mean I’m an intelligent and capable woman, how hard can it be?

As it turned out it wasn’t hard at all. I had a signed lease within a week from adverting. Here’s how I did it….