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Compare and 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
(assume 45% commission)

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

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