Yet another point that all landowners must consider, first and foremost is that the whole purpose of owning property is that it is an investment. Your money should be working hard for you. The harried overworked land owner, struggling to keep up with his or her own job and life demands, trying to manage their properties by the skin of their teeth, not knowing that rent increases are in order, or not up to even dealing with having to deal with the tenant to increase the rent, charge late fees, or to be conscious of a 100 other things that affect their bottom line. So yes, you have the cost of the percentage of the rent that you pay the management company, but the shear value of them keeping you on track to achieve your investment goals, plus the other advantages outlined above, are well worth it many times over.