Comparison between unmanaged (typical) property management and having a property manager, highlighting the owner’s value/benefit:
- Maintenance per flat: Costs are variable (€100–€1,000/year) for unmanaged; with a property manager, maintenance is included or discounted, leading to budget control and savings.
- Repairs/emergencies: Highly variable cost and responsiveness when unmanaged; property managers offer fast, pre-negotiated rates, resulting in less downtime and lower costs.
- Legal & compliance: High risk of fines (~2k–10k EGP) without management; property managers ensure full compliance, giving risk protection and peace of mind.
- Pool/garden upkeep: Typically costs €30–100/month unmanaged; property managers bundle upkeep, averaging €75/month, which is more reliable and cost-effective.
- Resale value: Baseline resale value unmanaged; property management increases value by 15–20%, delivering greater long-term ROI.
- Owner’s effort: Self-managed properties require high owner effort; property managers reduce this to near zero, saving time and allowing the owner to focus on other priorities.
In summary, having a property manager delivers savings, more consistent property care, legal security, higher returns, and major time savings for the owner.