Comparison
Quick answer
A professional property manager handles the day-to-day operations of a rental property — tenant screening, rent collection, maintenance coordination, and legal compliance — in exchange for a monthly fee (typically 8–12% of collected rent). Self-managing landlords retain full control and keep all rental income but take on the time, legal risk, and operational burden themselves. The right choice depends on your proximity to the property, available time, risk tolerance, and portfolio size.
Property management fees are not just a cost — they are a purchase of time, expertise, and reduced legal risk. For remote landlords, investors scaling beyond 2–3 units, or anyone with a demanding primary career, professional management typically pays for itself. Self-management makes most sense for local, hands-on owners with a single property who have the time and temperament to do it well.
Hourly rate
$150–$500/hr
Varies widely based on background and specialization
Per session
$200–$800
For a structured 60–90 minute strategy or advisory session
Monthly retainer
$3,000–$15,000/month
For ongoing strategic advisory or fractional executive roles