Should You Manage Your Parents’ Rental Yourself? Keeping your parents’ home as a rental can provide additional income, but it also comes with responsibility. Managing it yourself may save money, but you will be responsible for tenants, rent collection, repairs, emergencies and landlord requirements. A professional property management company can handle the day to day work and give your parents and family more peace of mind. The goal is to create income, not more stress. Find trusted property management professionals near you through Seniornicity.com