Managing a rental property is more demanding today than ever. Between screening tenants, handling maintenance, and navigating Ontario’s rental laws, many owners reach a point where they ask the same question: landlord vs property manager — which is the better choice?

Here’s a clear breakdown of the differences so you can decide what fits your goals, time, and risk tolerance.

1. Responsibilities: Who Handles What?

Being a Landlord

You handle everything yourself:

• Advertising the rental

• Tenant screening and verification

• Lease signing and move-in

• Rent collection

• Repairs and maintenance

• Inspections and documentation

• Serving legal notices

• Managing LTB issues

If you have time, industry knowledge, and strong organization, this can work. But mistakes are costly under Ontario’s rental rules.

Hiring a Property Manager

A professional manager handles the workload for you:

• Professional tenant placement

• Full screening and verification

• Rent collection system

• 24/7 maintenance coordination

• Lease enforcement

• LTB guidance

• Turnovers and inspections

• Monthly reporting

This is ideal for owners who want hands-off income without managing day-to-day tasks.

2. Time Commitment

Landlord

Expect weekly tasks:

• Calls from tenants

• Coordinating repairs

• Tracking payments

• Following up on arrears

• Managing documentation

If you own multiple properties or live far from the unit, this becomes a full-time job.

Property Manager

The manager handles it all. You receive updates, statements, and approvals — nothing more.
Perfect for busy professionals and investors.

3. Expertise and Risk Management

Landlord

Learning everything yourself takes time. You need knowledge of:

• RTA rules

• LTB processes

• Notice timelines

• Lease compliance

• Fair housing standards

Missteps can lead to delays, fines, or dismissed cases.

Property Manager

They manage rentals daily and understand Ontario law.
This reduces risk and keeps the rental legally compliant.

4. Tenant Quality

Landlord

Your screening process depends on your tools and experience. Mistakes here create long-term issues.

Property Manager

Managers use structured verification systems, including:

• Credit checks

• Income verification

• Employment confirmation

• Rental history review

• Fraud detection

Higher-quality tenants mean better stability and fewer problems.

5. Cost vs Value

Landlord

You save management fees, but take on all the work and risk.
If you make a screening or legal mistake, the cost can outweigh any savings.

Property Manager

You pay a monthly fee, but receive:

• Reliable rent flow

• Lower vacancy

• Stronger tenants

• Protection against legal errors

• Less stress

It’s the “set it and forget it” approach to owning rental property.

Conclusion

The landlord vs property manager comparison comes down to time, experience, and risk.
If you enjoy hands-on management and have the time to stay on top of Ontario’s rules, being a landlord may work.
If you want predictable income, fewer headaches, and professional support, hiring a property manager is the stronger choice.

Both paths lead to rental success — the right one depends on your goals.

FAQs

1. Is a property manager worth the cost?

Yes. Managers reduce vacancy, improve screening, and handle legal issues, often saving landlords more than they spend.

2. Do property managers handle evictions?

They guide the process and support with notices, filings, and LTB requirements.

3. Can a landlord still choose the tenant if they hire a manager?

Yes. Property managers present qualified applicants and the landlord approves the final choice.

4. How much time does self-managing take?

Most landlords spend several hours per week dealing with tenant issues, maintenance, and paperwork.

5. Can property managers help with rent increases?

Yes. They follow Ontario rent guidelines and ensure proper notice and timing.


Check this website GTA LANDLORD for more info.