Compare & Save
Below find a comparison table showing relative cost between:
- Doing Rental Management completely on Your Own
- Utilizing a Property Management Company – assumed average 45% commission for purposes of this comparison
- Using PMBOTM proven property management software, assuming yearly registration at $12.50 / month
Assumption: Conservative $10,000 in rental revenue per annum
Manage On Your Own |
Property Management Company |
PMBOTM |
|
One Time Setup: |
|
||
Set Up Website |
$200 – $500 |
N/A |
Included |
Inventory Management |
$200 – $400 |
Included |
Included |
Rate Management |
$200 – $400 |
Generally, N/A. Mgmt Co Sets Rates |
Included |
Online Reservations |
$300 – $500 |
Varies per Mgmt Company |
Included |
Credit Card Merchant |
$250 – $750 |
Usually |
Included |
Rental Mgmt Reports |
$100 – $300 |
Varies per Mgmt Company |
Included |
Email Confirmations |
$50 – $100 |
Varies per Mgmt Company |
Included |
Marketing |
$100 – $1000+ |
Included, Varies per Mgmt Company |
Included via Online Affiliate Sites |
Recurring Fees |
|
|
|
Monthly Web Hosting |
$10 – $50 |
N/A |
$12.50 |
Monthly Credit Card Fee |
$15 – $30 |
N/A |
Included |
Rental Commission/Fees |
N/A |
$10,000 * 45% = $4,500 |
$10,000 * 12% = $1,200 |
Total Cost per Annum |
$1,700 – $4,900 |
$4,500 |
$1,350 |
Mgmt Time Required |
Significant |
None |
Minimal |
Set Up Time |
3 to 6 months |
Varies |
1 Hour |
Web Site Updates |
At Hourly Cost |
N/A |
Updateable via Administration |
Like what you see? Get started today and turn your vacation property into a positive cash flow investment! Click here to get started using our rental property management software!