Self-manage +10 rentals in another state?

[Patrick Britton]

In the past three years I have spent over $40,000 in property management fees. While there has been some value in their management, I'm wondering if perhaps the value does not exceed the expense. Of course, this doesn't account for the markups made for repairs, maintenance, inspections, etc., so the actual expenditure is probably > $50,000.

Anyone self-managing a lot of properties out of state successfully here?

While it might be difficult at first, I'm wondering if it would be worthwhile in the long run to self-manage, or at least use an independent third-party contractor for various things.