At what point does in-house management make sense?

[Jon Cassle]

I would like to have in-house management eventually but I can’t make the number work.

It’s always cheaper for me to hire a property management company unless I’m making $10+ million in revenue or something like that.

How does it cost people less to do it in house before that point?

a single PM employee costs $45k where I’m at. That’s how much I pay my PM company now to do everything for me.