Ryan CadwellManaging Partner @ Resolute RDM | CCIM® | CPM®

Should You Hire A Cheap Property Manager? #propertymanagement #propertyinvestment

21 Jul 2026 · 0 min

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A property owner switched to a cheaper manager and lost money through longer vacancies and missed rent increases. Running the numbers revealed the cheaper option actually cost more. Ask your manager about hidden expenses before you switch.

I've got a story for you. An owner came to us after leaving their last property manager and they thought they were saving money. On paper it looked great, but what they didn't see was that vacancy that sat for a long time or that missed lease renewal that should have had a higher increase in rent. When we actually ran the numbers, they weren't saving anything. They were subsidizing bad management with their own investment returns. Are you making sure you're asking your property manager about those things? If not, you probably should start.