Some investors choose to outsource that, others do it themselves.

Randal - what company/website are ou using for direct mailings (I am looking to outsource)thx

That will teach you the basics and give you the knowledge to determine whether you want to continue on like that or outsource the PM duties.

As an investor, you get a bundled deal on outsourced work, and a tenant would be more likely to chose your property for the cable+ TV package (or you can charge more for rent)If the numbers work, they work!

How would I differ from a tiny REIT or a rent-secured bond if I owned a bunch of residential properties and outsourced all property management? 

Some accountants outsource the work for their client to the cost seg engineer companies but then the tax accountant charges more to defend in an audit so you pay twice instead of cost seg defending the report for no more cost.You can also be capped if you do not have real estate professional status against personal income after you have depreciated income from the property.

Dont venture out on outsourcing labor if you already have some people you trust . even if you have to wait a bit for them .

I outsourced as much as I could because I am a full time General Manager which is very time consuming.

Property managers who are good at what they do and are established have options which is why for the most part they do not manage properties in class D areas for the same reason you want to outsource the management.

I currently use TenantCloud property management software to self manage our handful of units, but would like to outsource to a property manager at some point after we've acquired more units.