Hire management company, or no?

[Kyle Davis]

Those of you out there that are local investors in small multifamily, do you prefer to self manage or hire a management company? There is a seemingly very reputable company in my town and I'm considering turning management over to them. They charge 8% gross rents, seems reasonable. I run other businesses and I don't want to actively manage rental myself. Say one unit has $1500/mo in rents, that's only $120/mo for management...seems very worth it... Curious to hear your thoughts and opinions on this. Get management from day #1 or self manage for a little while and retain that management fee for myself? Thanks!