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If I told you that you could successfully charge for ingoing or property condition report (PCR) inspections or even outgoing inspections, you might think, "Darren, you can't do that! What’s the management fee for?"
Well, if you’re from Western Australia, you’d probably think I’ve got rocks in my head because you’ve been charging for these inspections for many years now.
But for everyone else, I often hear the same response: “Darren, the management fee should cover those inspections!”
But my question to you is: Why NOT charge for them when owners WILL pay?
A PCR (property condition report) or ingoing inspection doesn’t have to be ‘lumped’ under the leasing fee—you can charge it separately.
And here’s the Golden Rule: if you know you should be charging for something, believe in it, and are ready to justify it when questioned, you can practically charge for anything.
There are plenty of agents outside of Western Australia who successfully charge for ingoing inspections, outgoing inspections, or both.
Let me share a story with you.
I was running fee training in Adelaide around 15 years ago.
During the session, I suggested agents could start charging for ingoing inspections. In the room, there was a young lady who had only been in the industry for four weeks.
She didn’t know that people generally didn’t charge for ingoing inspections, so she went out and started asking for this same fee—and she got it immediately!
She called me and said, “Darren, this new fee is going great!” I asked which fee she had implemented, and she said it was the ingoing inspection fee.
I was impressed and told her, “You just haven’t been in the industry long enough to know you’re not ‘supposed’ to charge for that!”
As you can see, it’s all about your mindset. Owners will pay!
I know of agents in Sydney who charge an outgoing inspection fee, and none of their rivals charge for it.
They never get questioned on it because they believe it’s justified, and so do their clients.
Over 20 years ago, I started charging for outgoing inspections myself because I believed it was worth charging for. Final inspections can be tough, full of conflict and hassle, so why do them for free?
Over the course of three years, no one ever questioned the fee, and none of my competitors ever charged it.
More recently, I worked with an agent who renamed the outgoing inspection fee to a ‘Tenant Exit’ Fee, which was one week’s rent (plus GST).
They added it to their fee structure, started asking for it, and—you guessed it—they were getting it right away.
Owners didn’t question it and paid; just make sure your mindset lines up with the truth!
Remember the Law of the Main Game—owners are primarily fixated on the management fee.
They’re not overly concerned about additional fees like ingoing or outgoing inspections. Once you understand that, charging for these inspections becomes easy.
If you’re still unsure or want help justifying these fees, we’ve got the perfect resource for you.
Our book, the PM Fee Scripts Secrets, gives you scripts on how to effectively justify any additional fees, including ingoing inspections, property condition reports (PCR), outgoing inspections, and the new ‘Tenant Exit’ Fee.
We’ve covered all the scripts you need in book, the PM Fee Scripts Secrets.
Whether you’re looking to charge for ingoing inspections, outgoing inspections, or any other additional fees, the book has you covered. Best of all, the book is free—you just pay for shipping.
We’ve already paid for the printing, so it’s easy to get your hands on it.
Simply go to StopDiscountingFees.com or head over to IGTCentral.com, where you’ll find all our books and podcasts.
Take care, and start charging what you’re worth!
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