Property Managment Company: Pros and Cons to starting one.

[Caleb Carlson]

Hello All,

I currently own 3 Doors and help a friend manage another 20 more as things come up.  The thought to just start a real estate management company intrigues me for many reasons.  Additional cash flow, opportunity to meet and work with more investors, etc.

Knowing full well, it's a lot of squeezing for not very much juice, especially early on, lots of work, systems needing to be created, headaches of tenants, etc.

Does anyone care to share if they started a property management or reasons they chose to not?  I've heard some pretty good opinions on both sides of the aisle on the podcasts.  Anyone in Minnesota doing this?