The Hidden Costs of DIY Property Management in Newfoundland
When Chris bought his first rental property in St. John’s, he thought it would be easy money. A few Facebook ads, a tenant in place, and monthly rent payments coming in—it looked like “passive income.”
But within a year, he’d learned the hard way that “passive” wasn’t the right word. Late-night maintenance calls, missed rent payments, and a roof leak that went unnoticed for months ate away at his profits. By the time he called us at Home Base NL, Chris admitted:
“I thought I’d save money managing it myself, but it’s costing me more than I ever imagined.”
The Real Hidden Costs
Time – Between phone calls, showings, and chasing rent, landlords can spend hours each week on management.
Vacancies – Every day a unit sits empty is money lost. Without proper marketing and fast turnovers, owners lose thousands.
Repairs – Small problems left unchecked snowball into big bills.
Tenant Turnover – Poor communication or delays push good tenants away.
How Local Management Solves This
At Home Base NL, we:
Market properties professionally to reduce vacancy.
Handle tenant screening and rent collection.
Perform routine inspections and maintenance.
Provide transparent financial updates so owners know exactly where their money is going.
Takeaway
Chris isn’t alone—many landlords discover too late that managing alone costs more. With a local, hands-on manager, you protect your time and your investment.
📧 andrew@homebasenl.com | 📞 709-330-8625
