I agree completely. It’s much easier with a manager. But for most investors that only have a couple of properties, it just isn’t feasable from an ecomomic standpoint. I think that you can add duplexes and triplexes into the single family mix in most cases.

I personally know several investors that manage large portfolios themselves – 100+ properties. One of them is at the 200+ number. He has both
residential and commercial properties of all types.

In both of these cases, they manage the properies “in-house”. One person actually set up a separate corporation for the management company. While his rental business pays management fees, they are being paid to his “other” company.

What both of these investors did was hire a single office person for the administrative end of their business. They are able to do it this way because they both have good systems in their business. In both cases, they have other staff members for the repairs, rehabs etc.