Property Management vs. Self Management Calculator

Property Management Vs Self Management Calculator

While there are startup time commitments like building your listings and taking photos, you will also have ongoing duties including:

Taking reservations
Screening guests
Responding to potential guest inquiries (whether they book or not)
Guest communication leading up to, during, and after stay
Collecting payments and processing refunds
Selecting, managing, and coordinating cleaning crews and maintenance crews
Responding to and serving current guests 24/7
Managing and responding to online reviews
Marketing and advertising
Revenue management
Market research and pricing
Filing room and sales taxes
Etc.

These tasks should be calculated into your weekly hours. Fill out the first 3 fields and we’ll calculate your costs

What is your hourly professional rate?

How many hours per week do you estimate you'll spend managing the tasks above?

Annual Gross Nightly Rental Rate for the Year
(*excluding taxes, credit card fees, Airbnb fees, cleaning fees, etc)

The Value Of Your Time

Your Monthly Hours
(assuming ~4.33 weeks per month)

Weekly

Monthly

Yearly

Net (Using your time)

Professionally Managed
(*A good professional management company can generate on average 29% more annual revenue than an individual operator)
**Data provided by Key Data Report, VRMA 2022

Gross Rental (with Property Manager)

Property Management Commissions

Net after Commissions

Profit/Loss for Self-Managed
If your number is negative, it will cost you more to self manage than to hire property management.

Ready to continue the conversation, and also get your free Rental Property Furnishings and Supply Checklist?

With extensive itemized lists of everything from furniture and fixtures to kitchen supplies, it’s the perfect way to ensure you have all the essential items for a successful rental property. Get your free checklist now and make sure your rental properties are as safe and comfortable as possible!
And also we can continue the conversation about how having someone else manage your property helps you save you time and money!
Simply enter your name and best email address below