Property management: do it yourself or delegate?
Once the property is acquired, the question of property management quickly arises: should you handle it yourself or delegate to a professional? Each option has its advantages, constraints, and a direct impact on the profitability and peace of mind of the landlord. Here’s an objective comparison to make the right choice according to your profile.
1. Direct property management: autonomy and savings
Managing your property yourself means taking care of all the steps:
- Tenant search
- Drafting the lease, property inspection
- Rent collection
- Monitoring repairs and charges
- Reminders, handling unpaid rent, end of lease
- No management fees (saving 6 to 10% of rent)
- Total control over the property and relationship with the tenant
- Ability to choose your own service providers
- Significant time and energy investment
- Legal and tax knowledge required
- Risk of errors or poorly managed conflicts
2. Delegate to an agency: simplicity and security
Delegated management involves entrusting your property to a real estate agency or property administrator.
- Complete handling of the tenant relationship
- Access to professional management tools
- Legal, tax, and technical advice
- Time-saving and peace of mind
- Professional follow-up in compliance with legislation
- Reduced risk of unpaid rent (with optional rent guarantee insurance)
- Management fees (generally 6 to 10% of rent excluding charges)
- Less direct control over decisions
3. What if you combined both?
Some investors choose a hybrid management: they directly manage the aspects they master and delegate the rest to professionals (property inspection, technical management, etc.). It’s a good way to maintain control while lightening the most complex constraints.
4. Domacap helps you make the right choice
At Domacap, we help you objectively assess your needs, availability, and goals to guide you towards the most suitable solution. Whether you want to manage alone or fully delegate, we offer you the most reliable partners and tools.
Conclusion
Managing alone or delegating: there is no universal solution. The right choice depends on your time, expertise, location, and desire for involvement. Domacap supports you in your rental strategy to combine profitability, simplicity, and serenity.