Advanages of setting up a separately run management company?

[Ricky Smith]

Howdy, I have been in the game for about 10 years now and have mid seven figures of real estate assets.  These are multiple assets of all sorts of things, retail, houses, condos, office.  I have bought where I see value.  I own and manage all these assets myself.

Recently I bought a retail center and that deal has been making me think more about if it would be wise to set up a separate management company for all the properties. With the retail center the leases are all NNN and those leases had management fees baked into the leases. I don't plan to hire an outside group. So I'm wondering how this works in practice.

Another big question on running these properties with a management group would it be maybe possible to make the properties look better to a lender?  I have used owner finance and hard money mostly to build my portfolio but need some institutional refi in the future.

I'm also thinking about how this affects taxes, insurance.

Thanks in advance for sharing your opinions!