For people who self-manage

[Alex Hugo]

For most investors, I talk to that self-manage the reasons they give is that it is not economically viable when they have less than 40 units.  This goes for single family and small multi-family.  This is not the case for people who buy turnkey.  My question is two parts.  First, if you self-manage, why do you self-manage versus going with a property management company?  Is it really only about the numbers or are there other factors that go into it?   Second, What are the biggest problems you face with self-managing and at what point will those become big enough issues to hire a property management company?