In house property management

[Nate Bartow]

Hello, Does anyone have thoughts about hiring a property manager in house vs hiring a management company? I have always hired a management co with lackluster results and always feel as if they may be a bit too busy with other properties to properly handle mine. Thoughts? Thanks

[JD Martin]

I guess it depends on whether or not you have enough properties to make it make sense, or you plan on taking on other owner's properties. I couldn't make it make financial sense for me whether I wanted to or not because I don't have enough properties to cover the costs. $50k+ annually is a big bite of cash flow unless they can offset their costs in other ways, i.e. in-house maintenance/repairs, managing other properties, tax & financial work, etc.