From www.apimagazine.com.au: Successfully managing a rental property requires careful decision-making across tenant management, property upkeep, and financial oversight, with legal considerations varying by state.

Landlords can choose to self-manage their properties for potentially higher returns, but this approach necessitates extensive knowledge of regulations and time commitment.

Alternatively, hiring a property manager can alleviate the burdens of management tasks but typically involves costs calculated as a percentage of rental income.