What do property managers charge in Potts Point and Elizabeth Bay?

Management fees for premium inner-Sydney properties typically range from 6–9% of gross rent collected, plus a letting fee of one to two weeks' rent when a new tenant is placed. Some boutique agencies include professional photography and marketing within their management fee. Always confirm exactly what is included before signing a management agreement — the cheapest fee is rarely the best value when managing a premium asset.

How do I know if my Potts Point property is being underrented?

The clearest indicators are: your rent hasn't been reviewed in more than twelve months; your manager hasn't provided you with comparable market data at lease renewal; comparable properties in your building or street are leasing above your current rate; or your current tenant is unusually stable and enthusiastic about renewing. Space Property Agency provides complimentary rental market reviews for landlords who want a second opinion.

Can a property manager handle my strata levies and capital works notifications?

A good property manager will monitor strata AGM communications, flag special levies to the landlord promptly, and ensure the tenancy documentation is updated to reflect any by-law changes. They will not pay strata levies on your behalf unless specifically instructed and funded to do so — strata levies remain the landlord's direct financial obligation.

What happens if my tenant damages the property?

A professional property manager will document the damage through routine inspection reports and compare it against the ingoing condition report and photographs. Where damage is established, the manager will pursue resolution through bond deduction, direct agreement with the tenant, or if necessary NCAT application. Comprehensive documentation is the foundation of any successful claim — which is why a thorough ingoing condition report and photographic inspection history are essential from day one.

How long does it typically take to find a tenant for a Potts Point apartment?

Well-priced, well-presented Potts Point apartments in quality buildings typically lease within one to three weeks in the current market. Vacancy beyond four weeks is usually a signal that the asking rent is above current market, the presentation standard is below what the tenant pool expects, or the marketing reach is insufficient. If your property has been vacant for more than three weeks, request an honest market review.

Do I need to be in Sydney to manage my Potts Point investment property?

No. A full-service property management arrangement allows you to manage your investment entirely remotely. Your property manager handles all tenant communication, maintenance coordination, inspection reports, financial reporting, and lease renewals. You receive monthly statements, rental income, and proactive communication on any matters requiring your decision — without needing to be locally present.

Property Management in Potts Point & Elizabeth Bay: Why the Premium Market Demands a Specialist Approach

Looking for premium property management in Potts Point or Elizabeth Bay? Space Property Agency explains what genuinely excellent inner-Sydney management…