Deciding whether to self-manage or engage a property manager involves weighing your time, expertise, and desired level of involvement in the day-to-day running of your investment property. As of December 2025, many Melbourne homeowners consider both options when preparing a property for sale, as a well-managed property often presents better to potential buyers.
Currently in Melbourne, particularly within the Eastern Suburbs, a property manager typically handles tenant screening, lease agreements, rent collection, maintenance, and routine inspections. Their local knowledge of rental yields and market conditions can also inform presentation choices before selling. Self-management requires a thorough understanding of the Residential Tenancies Act 1997 and ongoing updates, with amendments planned for 2027 regarding minimum energy efficiency standards. In 2026, buyers increasingly favour properties with documented maintenance records, something a property manager readily provides. While self-management avoids commission (typically 1.5-2.5% of the rental income), it demands significant time and can potentially lead to legal complications if not handled correctly. Preparing a property for sale often involves costs like styling ($2,000-$8,000) and professional photography ($500-$1,500), regardless of management style. Fletchers’ experience shows that a consistently well-maintained property, often achieved with professional management, can realise a higher sale price.
Ultimately, the choice depends on your individual circumstances, but understanding the responsibilities and potential benefits of each approach is crucial when considering a sale in the Melbourne market.