How much time does it take to be your own landlord? Could you be making better use of your time? It can be a full-time job to track rent payments, collect late fees, deal with complaints and repairs, prep the property for new tenants, find vendors, and deal with bad tenants. It may also become a constant source of stress. Relinquishing these ongoing responsibilities to a good property manager can allow you to benefit from your investment without sacrificing your time and health. If you break it down, the typical property management cost per day is around $2-$5 a day. Can you possible do all these things for less than $5 per day? How much is your time really worth? The value of your time definitely exceeds the cost of hiring a competent property manager.