Rent Collection and Dealing with Late
Payments Best Practices for Landlords

What Is the Real Cost of Self-Managing Your Rental Properties?

Many property owners underestimate the value of their time—even though it’s one of their most valuable resources. Without tracking the hours spent on tenant communication, maintenance, bookkeeping, and problem-solving, it’s difficult to measure the true cost of self-management.

Use this calculator to see how your expenses compare when managing on your own versus hiring a professional property manager.

1 What is an hour of your time worth?
You can calculate this by using your most recent pay rate or use the average for your industry.

$0000

2 Time Spent Managing Your Rental
On average, how many hours do you spend each month on:
Preparing financial reports and statements?

0000

Processing rent payments?

0000

Tenant Maintenace?

0000

Photographing, writing, and listing the property on rental websites?

0000

Phone calls with tenants, vendors, property owners, etc.?

0000

3 The Cost of Hiring a Property Manager

What is the monthly rent amount for all your properties?

$ 0000

Property Management Fee

$0000
Calculate

Results


$0000
COST SAVINGS / MONTH

0000
HOURS SAVED / MONTH

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