What is the cost of DIY Property Management? Consider a $550.00 per week property. Lets assume a Property Management rate of 7.5% plus GST.
This rate varies a lot depending on what the Property Manager’s service includes. The total for the year is $ 2145.00 Plus GST which is tax deductible. Property Management is a 365day / 24hr role. $2145.00/ 8760 equates to 25 cents per hour less tax! As an investor is your time worth more than that?