The short answer
Property management is not one universal service. Fees can include leasing, collections, inspections, maintenance coordination and renewals in different combinations. Owners should compare the defined operating scope, service levels and disbursement process before comparing percentages.
What a management fee should buy
At minimum, establish who communicates with the tenant, who approves repairs, who holds contractor relationships, how inspections are documented and how money moves. Ambiguity here tends to become expensive later.
When self-management works
Self-management can work when an owner is local, available and comfortable with the administration. It becomes less practical when the property is distant, maintenance-heavy or part of a larger portfolio.
Read the exclusions
Check leasing fees, renewal fees, maintenance mark-ups, after-hours handling and VAT treatment. The fee headline rarely represents the full operating cost.
Information only. Rates, requirements and building records change. Confirm the current position with the responsible authority and the specific building documentation before relying on a decision.
Make the inputs visible