EP65: What can I charge for a Property Development Property Management Fee

There are always lots of variables that go into property development. Knowing the roles and responsibilities of these different variables and positions can help you make the best decisions when it comes to your property development. We all want to make the right decisions but how do you know you’re getting the most bang for your buck?   You might think it’s best to outsource and let other people make the decisions while you kick back and collect the check. But when doing this, what are you actually missing out on? Not only is knowledge important but it’s also important to read your agreements and understand them so that there is no confusion with the process of your development.    In this week's episode we talk about what you should charge for a property development property management fee. We dive into the role of a development manager, the benefits of being the development manager, and what a DMA is. So if you are interested in the benefits of engaging with a property manager or maybe considering becoming one, you won’t want to miss this week’s episode!  Episode Highlights: What should I charge for a property development property management fee  [03:22] What is the role of a development manager [06:39] If you are engaging one or you’re going to be one [09:34] The benefits of being a property manager or development manager  [11:00] Where can you find the industry standard  [16:13]  What is the more likely standard  [21:02] When was the last time those fees changed [25:57] You must check what you’re signing [30:00] Recap  [30:20]   About Hilary Saxton: Hilary Saxton is a performance and mindset strategist who motivates, trains, and coaches people who crave knowledge and success in their property and business life. Hilary has had a varied career in property and business spanning at around more than 25 years now. She takes an honest, upfront approach towards both people and process issues. Hilary provides solutions through incremental and transformational change that delivers the success her clients both want and need.   About Bob Andersen: Bob Andersen is the founder of Property Mastermind; he is a member of a select group of Australian property developers who have been involved in over $1 billion in successful development projects over the last three decades. Bob’s success in property development has become life-changing, and he wants to share his knowledge and experience with everyone who   Resources: To contact us about our investment opportunity, please email [email protected] or phone 1300 729 550 If you’re interested in winning a free copy of the book “Secrets of Property Millionaires Exposed”, go ahead and leave a comment or send me an email. We’d love to hear from you! Every week, Hilary is inclined to give away a free coaching session. Feel free to send her an email at [email protected] If you liked this episode, or have any comments and/or suggestions on how we can make this better, don’t hesitate to send us an email. For questions/things you’d like us to cover and discuss in this podcast, again, you can send an email at [email protected] If you’re interested in receiving a free copy of the book “Secrets of Property Millionaires Exposed”, send an email to [email protected]!  Or Subscribe and give us some great feedback on YouTube: https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA   Connect with Hilary Saxton: Property Mastermind Facebook: https://www.facebook.com/PropertyMastermind Property Developer Secrets and Hacks Facebook group: https://www.facebook.com/groups/2581187315284341 Hilary Saxton Facebook: https://www.facebook.com/HilarySaxtonCoach Instagram: https://www.instagram.com/hilarysaxtonproperty/ LinkedIn: https://www.linkedin.com/in/hilary-saxton/ YouTube: https://www.youtube.com/channel/UCt31KlQu9azoojEHPLvXgmA Property Mastermind Website: https://www.propertymastermind.com.au/ It has been a pleasure and we look forward to seeing you in the future episodes!See omnystudio.com/listener for privacy information.