Is It Worth Hiring a Property Manager in Ontario?

April 26, 2025
Header Image – Hire a Property Manager or Self-Manage

What a Property Manager Actually Does

Thinking about renting out your property? You might be asking, “Is it worth hiring a property management company?”

Here’s what they do for you:

  • Find and screen tenants
  • Collect rent
  • Handle repairs
  • Take care of paperwork and legal notices
  • Deal with emergencies

In short: they do the work so you don’t have to.

Is It Worth Hiring a Property Management Company in Ontario?

It depends on your situation.

If you live near the property, enjoy hands-on work, and have the time — managing it yourself can work. But for many, the stress, time, and legal risk aren’t worth it.

Hiring a property manager costs around 8–12% of the monthly rent. But it saves you hours of work and helps avoid costly mistakes.

Pros and Cons of Self-Managing

👍 Pros:

  • No monthly fees
  • Full control
  • Direct communication with tenants

👎 Cons:

  • You’re on-call 24/7
  • You must follow Ontario’s complex rental laws
  • It’s time-consuming and stressful

If you like being hands-on and live nearby, self-managing might work — for now.

Infographic – Hire a Property Manager or Self-Manage

Why Many Landlords Hire a Manager

👍 Pros:

  • You save time
  • Better tenant screening
  • No 3 a.m. maintenance calls
  • Rent collection and bookkeeping handled
  • Peace of mind — no surprises

👎 Cons:

  • You pay a fee (but it’s often tax-deductible)
  • Less personal involvement

If you want rental income without daily stress, hiring a property manager is worth it.

Belleville Landlord: A Real-Life Example

A Blue Anchor client owns a triplex in Belleville. She used to drive in from Toronto every time there was a leak or complaint.

Once she hired us:

  • No more emergency calls
  • Rent was always on time
  • She gained back her weekends
  • And finally had time to focus on her next investment

👉 See more about property management in Belleville

Should You Hire or DIY? Let’s Decide

So, is it worth hiring a property management company?

✅ YES — if you want more free time, less stress, and reliable income
❌ NO — if you enjoy being hands-on and have just one nearby property

At Blue Anchor, we help Ontario landlords simplify their rentals and grow their portfolios with confidence.

📞 Ready to talk? Book your free call here

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