Is Property Management Worth It? DFW Company Weighs Fees vs Tenant Risks
Key Takeaways A single bad tenant can cost property owners $10,000+ through unpaid rent, property damage, legal fees, and extended vacancy periods. Property management fees typically range from 8-12% of monthly rent plus one-time placement costs, but these expenses are often offset by preventing costly tenant-related disasters. Professional tenant screening significantly reduces financial risk by identifying reliable renters with strong payment histories and rental track records. DFW property managers offer specialized local market knowledge and legal compliance expertise that individual landlords often lack. The math strongly favors professional management when comparing monthly fees against the potential cost of just one problematic tenant. For DFW property owners and real estate investors, the decision to hire professional management often comes down to one critical question: do the monthly fees outweigh the potential financial disaster of a bad tenant? The answer, backed by indust...