One thing that I have learned from travelling Australia and educating real estate business owners and managers on fees, is that every marketplace has an agency that has decided to charge unsustainably low fees. There always seems to be some business owner out there who feels that they will eventually get the biggest rent roll faster by charging the cheapest fees in town.

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See Part One for the first 4 pitfalls that come with charging cheap fees.

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When we conduct training, the sad fact is that just about everyone believes the only way to grow your rental department income and profit margin is exclusively by rent roll growth.

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Earning more fee income from your rent roll is not as hard or as allusive as you think!

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The topic of property management fees always stir a great debate, and having worked with many departments helping them to add and increase their fees, and seeing so many departments during business performance health checks, we felt it time to point out the biggest mistakes we see when charging and representing fees.

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Following on from Part One of our article, here are the next five big mistakes we see when charging fees:

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