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Updated over 5 years ago on . Most recent reply

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Leandro Zhao
  • Rental Property Investor
  • London, Ontario
10
Votes |
40
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How do you manage your properties out of your state?

Leandro Zhao
  • Rental Property Investor
  • London, Ontario
Posted

How do you manage your properties that are for from where you are?

Do you have property management? Or you manage yourself?

If your property is within 3 hours range (over 1 hour), is it still possible to manage yourself?

Most Popular Reply

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646
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596
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Sean McDonnell
  • Real Estate Agent
  • Surf City, NC
596
Votes |
646
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Sean McDonnell
  • Real Estate Agent
  • Surf City, NC
Replied

I manage four properties from out of state (about 5 hours away). 3 long term rentals and 1 Airbnb. The Airbnb is more work than the other three combined but it also much more profitable.  We hired a cleaner to be our boots on the ground there and she has done an awesome job so far. With the long term rentals, all rent payments are done online and the only time where we need to be physically present at the property is during times of turnover or major repairs. 

We live in a world now where so much can be done from behind a laptop, it makes it much easier to manage properties from a distance.  As a property manager, you need to be very responsive and willing to go the extra mile (no pun intended) for your tenants. Treat them well and they will treat you well. 

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