Property Manager vs Self Managing

[Paul Rich]

I hear many investors express dissatisfaction with their property management company - or at least a level of satisfaction that varies quite a bit. With programs like www.rentredi.com (and others), it appears as though managing one's own investment properties (for those who do not own many properties) is becoming easier and easier. Anyone willing to share their experience(s) with transitioning from property management to self-managing? I am a newer investor with 1 rental property and am considering going this route.  I am hoping to hear from others as to whether this move was beneficial or not worth the additional monthly cash flow that self-manging brought.

[Max T.]

There is a tipping point for when it makes sense to hire it out. I'm not there yet. My guess is somewhere around 25-50 units.

Some variables that will influence that are: your distance from the property, the tenant/property class, etc...

if you have 1 rental you should probably be self managing.