When should I consider a property manager?

[Daniel J.]

As a general rule I am planning on managing my own properties. However, I do realize that gets a lot harder the bigger the property is. Does anyone have thoughts on what size MF I should really start considering using a PM?

Thanks!

Daniel

[William Hochstedler]

I recommend all investors self-manage until they understand what it involves.  Depending on your growth, you will be able to determine when it becomes a burden for you.  This experience helps you better manage the manager and get a sense of the value a good PM provides.

Two considerations to think about as well.  

• In my market, because of the size of the PM company I use and their marketing reach, they can actually rent my properties for more than I can covering their own cost.
• If you're considering selling, third party professional books is always a plus.

Good luck.