Self-Managing Your Rental Property: Is It Worth It?
Owning a rental property can be a great investment, but managing it yourself comes with both rewards and challenges. While you save on property management fees, self-management requires time, effort, and knowledge of tenancy laws.
Key Responsibilities of a Self-Managing Landlord:
✅ Finding Tenants – Advertising, screening applications, and conducting background checks.
✅ Rent Collection – Setting payment terms and ensuring timely payments.
✅ Maintenance & Repairs – Handling tenant requests and coordinating fixes.
✅ Legal Compliance – Understanding tenancy laws to avoid disputes.
Is Self-Management Right for You?
If you have the time, knowledge, and willingness to handle issues hands-on, self-management can be rewarding. However, if managing tenants and maintenance sounds overwhelming, using rental management software or hiring a property manager may be a better choice.
Would you prefer full control or a hands-off approach? The decision depends on your goals and availability.
Learn more about it here:
https://rentaaa.com/au/self-property-management
