All Forum Posts by: Raj P.

Hi, I would like to understand the pros and cons in using a property manager (live person whom I can be in touch directly) vs using all-in-one property management softwares such as rentredi, hemlane, caretaker, etc. (tenant screening, rent collection, maintenance scheduler, etc). I did research this topic and was inclined more on software-based (mainly due to price) but would like to get real-life opinion of BP community.

The main pros i see having an on-prem property manager are:

1) Ease of rent collection and managing tenants

2) Auto schedule of any maintenance and follow-ups

The con i see is the monthly payment (8-10% to property manager vs <$90/unit using software)

The key points I am trying to find are:

1) Does the above pros on having on-prem property manager same with software-based?

2) Is the huge price difference has any "catch"?

3) Am I missing any other main points ?

Thanks in advance.

Hi @Billy Rudasill, I am not sure about the book but Brandon in his podcasts usually mentions this as his base hit:

$100/unit/month if it's multifamily rental

$200/unit/month if it's Single family rental