Property Management for my first property (4 plex)

[Chase Gruening]

I have really struggled with the topic of hiring property management. I am looking at hiring a PM with 800 units with 97% occupied. 10% fee of income collected.... No vetting fees, however they do charge small fees that seem to able to add up quickly.  What are some reasons you would and wouldn't hire a property manager? This will be my first property (4 plex out of state) and my gut is telling me this is a no brainier to hand it over. However, my realtor and other investors I know cringe when I mention a PM. Any replies are greatly appreciated!