3 Reasons It’s Time to Fire Your Property Manager and Take Control of Your Rental

Property managers are supposed to take the hassle out of owning a rental property. But all too often, they can end up costing you more than just time—they eat into your profits, mishandle maintenance, and leave you feeling disconnected from your investment. If you're a landlord tired of watching your hard-earned money slip through the cracks, it might be time to take the reins and self-manage your property. Let’s dive into three key reasons why firing your property manager and self-managing could be the best financial and operational decision you make.

1. Save 8-15% by Eliminating Management Fees

Property managers typically charge between 8-15% of your rental income in management fees. Add to that placement fees for finding tenants, and you’re looking at a big chunk of your profits being taken out each month. When you self-manage, those fees go away—meaning more money in your pocket. Over a year, this could result in thousands of dollars saved that can be reinvested into your property, used to pay down debt, or simply enjoyed as additional income.

Quick Tip: Track your annual property management fees and imagine how much more profitable your rental could be if you kept those savings for yourself.

2. No More Hidden Markups or Surprise Expenses

Ever notice how maintenance bills from your property manager are always higher than expected? Or maybe your monthly statements include "hidden fees" you weren’t informed about. The truth is, property managers often mark up the cost of repairs and charge fees that aren't always transparent. By self-managing your rental, you have full control over maintenance decisions, costs, and scheduling, ensuring that every dollar you spend goes directly to improving your property and tenant satisfaction.

Quick Tip: Build relationships with trusted local service providers for repairs and maintenance to negotiate fair pricing and maintain a higher quality of work.

3. Gain Full Control Over Your Property and Tenants

When a property manager handles your rental, they make critical decisions about tenant placement, lease terms, and property upkeep—often without your input. This can lead to problematic tenants, deferred maintenance, and a loss of connection with your investment. By self-managing, you get to choose who lives in your property, maintain a direct relationship with tenants, and make strategic decisions that align with your goals.

Quick Tip: Use tenant screening tools and credit checks to ensure you find reliable tenants who will respect your property and pay on time.

Proven Systems Make Self-Managing Easier Than You Think
You might be wondering, "Isn't self-managing a rental a lot of work?" Not if you have the right systems and knowledge in place. From streamlining rent collection and maintenance requests to handling lease renewals, self-managing can be simplified and efficient. By using tried-and-true processes, you can save time, increase your profits, and enjoy the peace of mind that comes from knowing your property is in good hands—yours.

Conclusion
Firing your property manager might seem like a big step, but when it comes to maximizing your profits, cutting out hidden fees, and gaining complete control over your property, it could be the smartest move you make as a landlord. Self-managing your rental doesn't have to be daunting—it can be liberating, profitable, and even fun when done right.

Ready to Take the Next Step?
If you're tired of high fees, hidden markups, and losing control over your rental property, it's time to make a change. Learn how to confidently self-manage with proven systems and expert support.

• Join Our Free Class: Get started with our Free Self-Management Class.
• Schedule a Free Rental Consultation: Have questions or need personalized advice? Book your Free Consultation.
• Stay Connected: Visit our website at www.landlordstrategy.com.

By taking back control, you can save thousands of dollars, spend less time managing your property, and gain peace of mind—all while building a profitable rental business.