Going it alone can prove a costly property management exercise
Self-managing an investment property is a time-consuming and stressful task that can ultimately cost more than it saves.
A property manager’s experience is crucial in securing the best tenant. (Image source: Shutterstock.com)
In the current economic climate often, where everyone is looking to save money wherever they can, there may be a temptation to self-manage an investment property.
But there are reasons why paying for a good property manager may ultimately save more than it costs.
The average property management fee for rental properties in Australia is typically around 6 to 8 per cent of the monthly rent. This can vary depending on the location of the property…
