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Should you self-manage your investment property or use a professional property manager?

Managing a rental property on your own can seem like a straightforward way to save on fees—but it’s important to weigh the long-term costs, risks, and responsibilities involved.

Self-managing means you’re fully in charge of everything: advertising, tenant screening, inspections, rent collection, maintenance, legal compliance, and more. While some landlords enjoy being hands-on, others quickly discover that it can be time-consuming, emotionally taxing, and legally complex—especially when unexpected issues arise.

A professional property management company on the other hand, brings structure, experience, and efficiency to the process. From finding and retaining quality tenants to handling urgent repairs and navigating tenancy laws, property managers work to protect your asset and maximise your return.

Of course, property management does come at a cost. However, the benefits—such as reduced vacancy rates, fewer costly mistakes, higher quality tenants, and peace of mind—often outweigh the expense. In many cases, a well-managed property can perform better financially even after management fees are accounted for.

More importantly, a good property manager acts as a buffer between you and your tenants—keeping the relationship professional and making sure decisions are grounded in legislation and best practice.

If you’re unsure which path is right for you, consider your time, risk tolerance, and comfort with handling legal or financial matters on your own. Managing a property is more than collecting rent—it’s a full-time responsibility.

If you’d like to talk through your options or need a second opinion, feel free to reach out to us at Wings Real Estate, we’d love to hear from you.