Fire Your Property Manager ASAP

Are you on the fence about firing your property manager and taking control of your rental? You’re not alone. Many landlords wonder if self-managing their property is worth the effort, especially when property managers promise to handle everything. However, those promises often come with high fees, hidden costs, and poor service. If you've been thinking about firing your property manager, now might be the perfect time to make the switch. Here’s why you should consider self-managing your rental property as soon as possible.

1. Stop Losing Money on Management Fees Today

Every month you delay firing your property manager, you’re losing a significant portion of your rental income. Most property managers charge 8-15% of your monthly rent, plus additional fees for tenant placement, maintenance, and even lease renewals. Over a year, these fees can add up to thousands of dollars. By choosing to self-manage, you immediately stop those money drains and keep more of your hard-earned income.

Quick Tip: Calculate how much you’re currently spending on management fees and imagine what that extra income could do for your finances, whether it's reinvesting in your property or boosting your savings.

2. Gain Full Control Before It’s Too Late

As a landlord, your property is your investment, and you should have the final say in how it's managed. Property managers can make decisions that impact your property’s value and your bottom line—such as placing unreliable tenants, delaying essential maintenance, or handling repairs poorly. The longer you let someone else control your investment, the higher the risk of these issues. By firing your property manager now, you can take back control and ensure that every decision made aligns with your goals.

Quick Tip: Start by setting clear standards for tenant screening, maintenance, and rent collection. This will help you stay in control and keep your property running smoothly.

3. Avoid Further Damage from Poor Management

A bad property manager can do more harm than good. From placing tenants who don't pay on time to neglecting maintenance, poor management can lead to costly repairs, potential legal issues, and even a damaged reputation among prospective renters. If you’ve already noticed warning signs—such as frequent tenant complaints, slow maintenance responses, or unexpected fees—it’s time to act fast. The sooner you take control, the sooner you can implement the systems that will protect and grow your investment.

Quick Tip: Conduct a thorough inspection of your property as soon as you take over management. Address any outstanding maintenance issues immediately to prevent further damage.

4. Self-Management Is Easier Than You Think

One of the biggest fears landlords have about self-management is that it will be time-consuming and stressful. However, with the right systems and knowledge in place, self-managing can be straightforward and efficient. In fact, many self-managing landlords spend less than an hour a month on their rental properties while saving thousands in fees. The key is to use proven processes for tenant screening, rent collection, and maintenance to streamline your workload and minimize stress.

Quick Tip: Invest in reliable property management software to automate tasks like rent collection and tenant communications, making self-management even easier.

Conclusion
If you've been considering firing your property manager, now is the time to make the move. By acting quickly, you can stop the drain on your finances, regain control of your investment, and prevent further damage from poor management. Self-managing your rental property doesn’t have to be overwhelming; with the right strategies, it can be simpler, more profitable, and far more satisfying.

Ready to Take Control of Your Rental Property?
If you’re ready to make the switch and start saving money, we’re here to help. Learn how to confidently self-manage your rental with proven systems and expert guidance.

• 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.