What you pay a property manager should be clear before you sign, not something you have to work out from your first statement. We make it clear what our management fee covers, what may be charged separately, and what to look for when comparing property management fees.
Your Nexus fee schedule is confirmed upfront and provided in writing with your free rental appraisal, so you know exactly what you will pay before making a decision.
We keep our fee structure straightforward, with the core services needed to manage your property included in our management fee.
Advertising your property across our standard online rental channels is included, helping get your property in front of prospective tenants without an additional listing fee.
Regular routine inspections are included as part of our management service, with a detailed report and photos provided after each inspection.
Your ongoing property management administration is included, from rent processing and owner statements to the day-to-day records and documentation associated with your tenancy.
At the end of each financial year, we provide a summary of your rental income and property management transactions to make things easier when preparing your accounts or tax return.
If a tenancy matter needs to be taken to the Tenancy Tribunal, preparing and lodging the application is included in our management service. Any external filing or legal costs are separate.
Some properties need additional services beyond the day-to-day management of the tenancy. Where required, we can arrange these for you and confirm the cost before anything goes ahead.
We can arrange a Healthy Homes assessment and report to help establish whether your property meets the required standards and identify any areas that need attention.
Annual smoke alarm checks can be arranged to confirm alarms are correctly positioned, working and meeting the requirements for residential rental properties.
Where testing is required or requested, we can arrange independent methamphetamine testing for the property. Pricing starts from the amount shown in our current fee schedule.
Standard online property advertising is included in our management fee. If you want greater exposure, premium listing upgrades and additional advertising options are available at an additional cost.
Professional rental photography can be arranged to present your property at its best and provide a quality set of images that can be used when marketing the property.
Charged on the rent we collect for you, deducted from your statement.
Charged when a new tenancy is signed, covering marketing, viewings and screening.
Arranging quotes, booking trades and following the job through. We offer two management options: one includes maintenance coordination in the management fee, the other charges it separately on each job.
Fee schedule to be confirmed by Nexus. Amounts will be published here once they are confirmed, and are always given to you in writing before you sign a management agreement.
A property that sits empty for three weeks costs more in lost rent than a year of the difference between two management fees. Ours take an average of 9.5 days to let.
Every week a property sits empty is a week of rent you do not get back. Our properties take an average of 9.5 days to let. How quickly a manager markets, shows and fills a property usually matters more to your return than the difference between two fee rates.
Arrears, damage and a Tribunal case are expensive. Careful screening, regular inspections and early follow up on arrears protect the property far more than a discount on the management fee does.
Compare quotes on the same basis: letting fees, inspection charges, statement or administration charges, advertising, and what happens at renewal. A low headline rate with charges attached to everything else is not a saving.
Management is charged as a percentage of the rent we collect, with any letting and additional service charges set out alongside it. Our current schedule of fees is confirmed by Nexus and given to you in writing with your free rental appraisal, before you sign anything, so you can compare it properly against what you are paying now.
Property management fees are generally treated as an expense of running a rental property, but how that applies to your situation depends on how the property is owned and financed. Your accountant is the right person to confirm it. We provide monthly statements and an end of year summary so the numbers are easy to hand over.
Not necessarily. A lower percentage on a property that sits vacant for longer, or that is let to a poorly screened tenant, costs more than a higher fee on a well managed tenancy. Compare what is included, how often the property is inspected, who you actually deal with, and what happens when something goes wrong, not just the headline number.
