Professional management vs. self-management

Many owners ask themselves whether to manage their properties themselves or appoint a professional property manager. Both options have advantages and disadvantages. Self-management may look cheaper at first, but it can quickly become time-consuming. HV Purkarthofer shows you what matters in this decision.

When choosing between self-management and a professional property manager, you should consider the following:

• Time: management means accounting, statements and legal questions – that takes time.
• Expertise: a property manager brings experience with legal requirements and technical matters.
• Liability: mistakes in the operating cost statement or in maintenance can become expensive.

Self-management can pay off with small properties if enough know-how is available. As soon as several parties are involved or complex technical installations exist, working with an experienced manager is advisable. They take on the financial and technical side, know the statutory deadlines and handle communication with authorities and service providers. Management fees often pay for themselves quickly, because you reduce risk and professional managers can negotiate better terms.

Whether self-management or a professional manager – the decision deserves careful thought. HV Purkarthofer advises you objectively and shows which solution makes sense for your property in Graz and Styria. Contact us without obligation via our contact page and get advice.