How Property Management Cuts Costs You Didn’t Know You Had

How Property Management Cuts Costs You Didn’t Know You Had

Think hiring a property manager is too expensive? Many landlords are surprised to find out that professional management saves them money—often in ways they never expected.

Here are just a few hidden costs that a property manager can help you eliminate or significantly reduce:

1. Extended Vacancies

Every day your property sits vacant is money lost. Without the right marketing strategy or pricing insights, your listing may linger far longer than it should. Property managers know the local rental market inside and out—and use targeted advertising and expert pricing strategies to fill your unit faster.

2. Unnecessary Repairs

DIY landlords often get overcharged or upsold on repairs. Property management companies have relationships with vetted, licensed contractors and vendors—meaning you’ll often pay less than retail for the same services. Vintage Real Estate clients get the best deals out there because we have our sister company, South Shore Contracting, ready to do repairs at all times at the best price.

3. Emergency Damages

Flooding, mold, and HVAC failures—these emergencies can spiral out of control quickly if not handled immediately. If you’re unavailable (or out of town), you could be looking at thousands in damage. Our team provides 24/7 emergency response, minimizing damage and expense - a perk not all property management firms provide.

4. Legal Fees

Not following proper procedures when it comes to leases, notices, or tenant disputes can land you in court. We stay up to date on landlord-tenant law in Tampa and Hillsborough County, Florida. Everything from move-in inspections to lease enforcement is handled correctly, reducing your legal risk.

5. Higher Turnover Costs

Poor communication or delayed maintenance can drive good tenants away. High turnover means lost rent, cleaning, repairs, and marketing all over again. Property managers prioritize tenant satisfaction, leading to longer leases and lower churn.

6. Tax Oversights

It’s easy to miss deductions if you're not keeping organized records. Most property managers offer monthly statements and year-end summaries, which make it easier to claim your full deductions—especially since management fees themselves are deductible.

Saving More Than Just Money
Beyond the financial savings, working with a professional property manager gives you time back—and peace of mind. Whether you're busy, traveling, or just want fewer headaches, it’s hard to put a price on knowing your investment is in good hands.

Author

Dave Sigler, MPM RMPC

Owner/Broker Vintage Real Estate Services

David Sigler is a Florida native who grew up in Fort Lauderdale Florida. He attended the University of Central Florida where he received his bachelor’s degree in Business Administration. David has since become a licensed General Contractor & Real Estate Broker. He has been active in Florida real estate and construction for over 15 years. During the Great Recession he was forced to refocus his ambitions and landed on property management. Starting with a handful of homes that could not be sold, he grew his portfolio and eventually bought the brokerage. With his experience, knowledge, and resources, his company prides themselves on successful turn-key residential investment solutions. He now manages hundreds of homes covering 5 counties and his construction company provides maintenance services to his management company as well as other local managers. David is an active member of the National Association Residential Property Managers and has served on the Florida State Board for over 6 years in many different roles; most recently as the NARPM Florida Chapter President (2019). Active in the GTR community, he has served on the property management subcommittee for over 4 years and recently as chair of the group. He is also active in local and state legislation that affects the property management industry. His unique understanding and perspective of property management and its associated maintenance has provided him with numerous public speaking opportunities. Outside of work, not only is he an avid outdoors man and a board member for several local Non-Profit organizations, but first and foremost a Father and Husband.

Director of Property Management Committee for Greater Tampa Realtors Association
2019 NARPM State President