How Much Is Self-Managing Your Property Really Costing You?

<strong>How Much Is Self-Managing Your Property Really Costing You?</strong>

If you’re a landlord managing your own property, chances are an incident has really frustrated you to appoint where you have said to yourself, "I should just hire a property manager" But then, you thought and asked yourself, if property management was worth the cost.

It’s a fair question — especially when you're trying to maximize returns. But what many landlords don’t realize is how much they’re already losing silently, year after year, through:

• Late or inconsistent rent payments
• Overpriced or delayed repairs
• Long vacancy periods
• Problematic or short-term tenants

In today’s article, we break it down — the myth that self-managing is less expensive than getting a property manager.

What It Really Costs You

1. <strong>Late Rent Payments</strong>

If your tenant delays rent even by 5 days each month — and you're not following up with them, sending notice and engaging them immediately — it communicates to them that they can be even more turdy with their payments.

If a tenant pays rent late the first month, no follow up, maybe by 10 days, and then the next month by 15 or even just one, within a year, that tenant is likely to owe you at least two months or more simply because you didn’t hold them accountable, maybe because you were busy but it affects you either way.

• If rent is UGX 1,000,000/month, you’re potentially missing out on:<br />UGX 2,000,000+ per year in delayed income that affects your investments and emergencies.

And considering expenses, budgeting and the complexities of property ownership, you start to lose more without even realizing it.

2. <strong>Overpriced or Poor-Quality Repairs</strong>

Without vetted vendors, landlords often overpay or redo the same job.

• Example: A water heater fix may cost UGX 200,000 through a friend-of-a-friend handyman.
• A professional service through a property manager may charge UGX 120,000 with a 6-month guarantee.

Now multiply that across 3–7 minor issues a year, and you’ve lost:<br />UGX 800,000+ annually on inflated repair fees.

3. <strong>Vacancies</strong>

One vacant month between tenants = 8.3% of your annual income gone.

• A single month empty on a 1M/month rental = UGX 1,000,000
• With no marketing or no tenant pipeline, many landlords lose 1–4 months/year, totaling:<br />UGX 1–4M in direct vacancy losses, not including the time and stress it costs you.

4. <strong>Problematic Tenants</strong>

Choosing the wrong tenant can lead to:

• Late payments
• Property damage
• Legal headaches

On average, a bad tenant can cost you UGX 2–3M in unpaid rent, repairs, and eviction processes.

A Better Way: Start Small, Scale Smart

At Threalty, we understand that landlords are skeptical about having property managers and that’s why we don’t ask you to hand over everything on Day 1. Instead, we offer a tiered approach that starts with solving the one problem that’s costing you most.

So if your problem is in regards to rent payments, invoicing and reminders, we can handle that while you maintain control over the parts that matter to you. That way you get the best of both worlds without incurring more expenses and actually saving enough to pay for our services.

This keeps your income consistent and your records clean — no more chasing rent or playing landlord / accountant / project manager / plumber. As your trust grows, you can scale into our other service offerings so you only pay for what you need, when you need it.

Why This Matters

Choosing professional support isn’t about giving up control but rather about protecting your investment. And because Threalty is a service-first company, we’re built to solve your problem, not box you into fixed packages.

That means:

• ✔️ You reduce risk while testing our service
• ✔️ You get real value before scaling up
• ✔️ You don’t pay for anything you don’t need

🎯 Book a Free Consultation

Let us audit your current losses — no commitment.<br />We’ll show you exactly what’s draining your rental income and propose a custom solution that starts small but delivers big.

📞 Call or WhatsApp now<br />📅 Book online and enjoy your first month of tiered service<br />🔑 Let Threalty help you reclaim your time and your profits