Is Self-Managing Worth It?
Your Portfolio
The big ones
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Bangor landlords typically report 3–6 hrs/unit/month, including after-hours calls.
What you earn at work, or what you'd pay someone to do what you do
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Add up all days any unit sat empty. Bangor avg is about 18–25 days per turnover.
Note: Unlike many property managers, BHR charges no leasing fees and no lease renewal fees — ever.
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🏠 In-House Team
Maine landlords typically spend $900–$1,400/unit/year. Older stock runs higher.
BHR handles maintenance, landscaping, and snow plowing with an in-house team — no coordinating contractors, no markup, no waiting. Owners typically see 10–20% lower costs compared to hiring vendors independently.
Maintenance costs are yours either way — they're not included in the fee comparison below, but BHR's in-house team can reduce what you actually spend.
Costs you might not be counting
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Maine evictions typically run $2,500–$4,500 after attorney fees, court costs, and lost rent
Industry avg is ~3–5% of units annually. Set to 0 if you've been lucky.
Lease reviews, compliance questions, tenant dispute consults
One complaint can cost $5k–$50k. This is an annualized reserve against that risk.
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Property management software, e-sign tools, screening services, etc.
Extra CPA fees for Schedule E, depreciation schedules, 1099 filings
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Photos, listing fees, cleaning, signage, application processing
How many tenants moved out / in last year?
What you're actually keeping
Based on the numbers you entered above
Net income — self-managing
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Net income — with BHR
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Your all-in cost
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$0 / unit / mo
BHR management fee
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$0 / unit / mo
You could save
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per year with BHR
Cost breakdown
Your time
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Vacancy loss
$0
Legal & compliance
$0
Admin & bookkeeping
$0
Turnover costs
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Maintenance costs ($0/yr) are excluded from this comparison — they're yours to pay either way. BHR's in-house team can reduce that number.
These are your numbers — not industry averages. If BHR can reduce vacancy, vendor costs, and legal risk, the management fee more than pays for itself.