Property Management: In-House vs Outsourcing mgmt for 80+ units

[Eric Anderson]

Hi, I'm looking for advice on how to best manage a package portfolio of 76 apartments spread among 20 small multi-unit buildings in the same area.  Total gross rent would be around $700k/year.  We may increase our portfolio in the future. 

We're debating hiring a part-time or full-time property manager and contracting with a maintenance tech, or outsourcing everything to a property management company.  It seems there are pros and cons to each option and am wondering if the BP community may have some insights.  Are there certain thresholds to reach (ie # of doors) where it makes more sense to hire a property manager as an employee vs hiring a property management company? Thanks!