Should I Manage My Own Rental or Use a Property Manager?

If you're renting out a property in WA, one of the first big questions you'll face is: Should I manage it myself or engage a professional property manager? While self-managing might seem like a cost-saving choice at first, it often comes with hidden time, legal, and financial risks—especially if you're new to the game or already juggling a busy schedule. In this post, we break down the pros and cons of both options to help you make an informed decision that protects your property and your peace of mind.

The Case for Self-Managing Your Rental

Some landlords prefer to be hands-on. You might enjoy dealing directly with tenants, handling your own repairs, or simply want full control over the process. Self-managing can save on management fees—but it’s important to weigh that against the time commitment and responsibilities involved.

Here’s what you’ll need to handle:

• Advertising the property and conducting viewings

• Screening tenants and preparing legal lease agreements

• Lodging bonds with the Bond Administrator (a legal requirement in WA)

• Staying up to date with the Residential Tenancies Act

• Managing rent collection, arrears, maintenance, inspections, and potential disputes

Even a small oversight can lead to legal trouble or financial loss. In many cases, the savings don’t outweigh the risks.

The Benefits of Using a Professional Property Manager

Engaging a licensed property manager—especially one with local expertise in Mandurah—can take the weight off your shoulders while maximising your return.

At Thryve Property, we:

• Market your property effectively to minimise vacancies

• Screen tenants thoroughly using background and rental history checks

• Handle all lease documentation, inspections, and maintenance

• Keep you fully compliant with WA tenancy laws

• Provide transparent financial reporting and rent collection services

Most importantly, we act as a buffer between you and the tenant, ensuring professional communication and a smooth tenancy experience.

Property Manager vs DIY: What It Really Costs

Many landlords focus on saving the typical 8–10% management fee—but forget to consider the value of their own time, potential legal risk, and the cost of vacancy or poor tenant selection. A single bad tenancy can cost thousands in missed rent or damage, not to mention the stress of chasing payments or lodging tribunal claims.

With Thryve Property, your investment is managed proactively and professionally, giving you more freedom and financial clarity.

Final Thoughts: What’s Right for You?

If you’re confident in handling the legal, maintenance, and tenant aspects of self-management, and have time to stay on top of it all, managing your own rental may work for you. But if you're after a hands-free experience with reliable returns, expert support, and local insight, partnering with a property manager is the smart move.

At Thryve Property, we support Mandurah landlords with personalised, cost-effective management solutions that let you enjoy the benefits of property ownership—without the stress.

📞 Want to know what your time is worth?

Call Alicia on 0488 779 146

📧 Email: alicia@thryveproperty.com.au

🌐 Learn more: www.thryveproperty.com.au#ThryveProperty

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