How It Works
Three simple steps to get accurate calculations
1
Enter Rent & PM Fee
Input monthly rent and PM percentage.
2
Compare Vacancy
Estimate vacancy with and without PM.
3
Add Your Time Value
Enter hours spent and hourly value.
4
Get ROI Analysis
See if PM pays for itself.
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Frequently Asked Questions
What do property managers charge?
8-12% of monthly rent is typical. Some charge flat fees ($100-200/month). Additional fees may include: Leasing fee (50-100% of first month), renewal fee ($100-200), maintenance markup (10-20%).
Is a property manager worth it?
Worth it if: You value time highly, aren't local, have 3+ properties, hate landlord tasks, or PM reduces vacancy. Not worth it for: Single property, nearby, enjoy landlording, or tight margins.
How much time does self-management take?
Average 5-10 hours/month for one property. Includes: Rent collection, maintenance calls, contractor coordination, tenant communication, showings during turnover. More during vacancy.
Do property managers reduce vacancy?
Good PMs often do: Better marketing, faster showings, professional screening, network of contractors. Typical improvement: 1-2 weeks less vacancy per turnover. But bad PMs can increase vacancy.
What should I look for in a property manager?
Key factors: Local expertise, portfolio size (not too small or too big), communication style, maintenance process, tenant screening rigor, reviews, fees transparency. Interview 3-4 before choosing.
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Results are estimates for informational purposes only. Consult professionals for important decisions.