Landlord calculator
Self-manage or hire? See the math.
Estimate the yearly value of your own time next to what a property manager would charge. Every number is editable.
Your rental and your time
Hiring a manager
Example values. Replace them with a quote you have received.
Estimated yearly comparison
Self-manage
$4,191
Hire a manager
$3,808
Self-manage
Your time: 8 hours × $35 × 12 = $3,360
Estimated lost rent during vacancy: $831
Hire a manager
10% × $20,769 rent collected = $2,077 management
50% of $1,800 × 1 turnovers = $900 leasing
$250 × 0 estimated renewals = $0
Estimated lost rent during vacancy: $831
Vacancy lost rent is included in both totals. Management fees are figured on rent collected (yearly rent minus vacancy). Renewals are estimated as homes minus turnovers, never below zero. Other ownership costs are not included. Estimates only. Your results will vary.