Verida Property Management
Why Choose Verida Property for Property Management?
At Verida Property, we establish and build our client relationships through great customer service. We are a values based team who ensure they deal with integrity, compliance, transparency and proactive management. We focus on securing high-quality tenants, and actively managing your property and the tenants to preserve your asset's market value, and maximise your overall yield.
While some agencies might advertise a lower headline management rate only to add multiple secondary charges every month, Verida offers a simple, all-inclusive fee structure. When you calculate the true yearly cost without hidden add-ons, our transparent management rate ends up costing you less overall.
We are transparent about our value for money property management services and keep costs minimal and simple to understand.
Fee Structure Overview
| Service Category | Other Agencies | Verida’s Value Package |
|---|---|---|
| Management Fee | 6.6% – 10% + extra fees | 8.8% (incl GST)* |
| Monthly Admin or System Access Fees | $5.50 – $15.00 per month | $0 |
| EOFY Statement Fee | $33 – $55 annually | $0 |
| Routine Inspection Fees | $55 – $110 per inspection | $0 3–4 routine inspections per annum |
| Entry and Exit Inspections and Report Fees | $110 – $220 per report | $0 |
| Letting Fee (new tenancy) | 1 week rent + GST | 1 week rent + GST |
| Releasing Fee (renewing existing tenancy) | Up to 1 week rent + GST | $0 |
| Portfolio Reviews and Property Appraisals | $110 – $220 per report | $0 |
*A discounted rate may apply for multi-property owners.
Additional Costs
There are some goods and services that are not part of routine property management and that we do charge separately for:
1. At-Cost Services
Marketing and advertising, routine maintenance repairs, and key cutting are strictly charged at cost with zero margin markups.
2. Extra Professional Services
Additional fees apply only for specialised, non-routine tasks such as formal QCAT representation, insurance claim processing, and full project management for major renovations. $110 per hour (incl GST)
The Verida Difference
Responsive Service
We are a highly responsive agency. If one team member isn’t available, there is someone else there ready to help.
Quality Tenant Selection
We conduct rigorous background, employment, and rental history checks to ensure stable, respectful, and reliable tenancies. We do whatever it takes to ensure you have the best possible chance of ensuring a tenant who will pay rent on time and take care of your property.
Proactive Maintenance
We address minor repair issues before they become costly major problems which cares for your property and keeps your tenants satisfied.
Full All-Inclusive Management
We can arrange all compliance checks (e.g. smoke alarms) and payment of all property related invoices on your behalf at no extra cost. You just arrange it so we receive the invoices for rates, water etc, and we do the rest!
Comprehensive Asset Protection
Most agencies only provide 1-2 routine inspections per year. We provide up to 4 routine inspections every year (3 for established tenancies and 4 for new tenancies) to ensure your property is continuously maintained to the highest standard. We also provide feedback and actively educate tenants at each inspection on how to best care for your property.
Trade Network
We have established relationships with quality tradespeople.
Project Management
We have managed large renovation projects in a very affordable way for our clients. For example, on one recent project for only $440 we managed a full kitchen renovation and saved our client over $6000 as well as enhanced the functionality of the kitchen and the overall usability of the home through clever design. The landlord and the tenants were all delighted with the outcome.
Sales
If the time comes that you want to sell your property we also provide a full residential property sales service.
Next Steps
Contact our Director Rachel Tosh and she will personally guide you through the process of setting up a new property for management or switching from your previous property manager to Verida.
We look forward to providing you with great customer service and helping you get the best outcome possible for you and your investment.
