Should I self manage my rental properties for extra cashflow?

[Bryan Field]

Hoping for some insight!

I have 10 units that are currently managed by property management. A duplex in one state, and 8 units (3 single family, a triplex and duplex) in another. 

I'm cash flowing net about $2500/month but I could add another $950 by flipping everything under self management.

The one Pro i see is definitely the cash flow but i know many of the cons could cause some headaches. I'd probably use local realtors to help re rent any vacancies and then possibly use a PM software like rent redi to keep everything in one place.

Has anyone had management in place and then decided to opt out to self manage? What were the biggest lessons learned and was it worth the cash flow savings?

I do want to add to my portfolio but might not need as many properties if I'm able to maximize cash flow by taking this route.

[Peter Mckernan]

Quote from @Bryan Field:

Hoping for some insight!

I have 10 units that are currently managed by property management. A duplex in one state, and 8 units (3 single family, a triplex and duplex) in another. 

I'm cash flowing net about $2500/month but I could add another $950 by flipping everything under self management.

The one Pro i see is definitely the cash flow but i know many of the cons could cause some headaches. I'd probably use local realtors to help re rent any vacancies and then possibly use a PM software like rent redi to keep everything in one place.

Has anyone had management in place and then decided to opt out to self manage? What were the biggest lessons learned and was it worth the cash flow savings?

I do want to add to my portfolio but might not need as many properties if I'm able to maximize cash flow by taking this route.

 $950.00 extra is not worth the headache of losing people on the ground there... If you said I would add an extra 5K to the bottom line, that would be something to think about.. 950.00 you are not even doubling your passive income, so I would say no to this one.