CalculateRealEstateROI

Operations

Property Management Strategy

Choosing between self-management, third-party PM, and in-house staff as the portfolio scales.

Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice

Core concepts

Self vs third-party

Self for 1–4 properties; third-party for 5–30; in-house for 30+.

PM selection

Vet 3 PMs minimum; verify portfolio composition, fees, and tenant references.

Examples

  • 10-property portfolio managed by single regional PM at 8% + leasing fee.

Practical applications

  • All operators past 2–3 properties.

Common mistakes

  • Self-managing past capacity.
  • Choosing PM on price alone.
  • No PM performance metrics.