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Updated 9 months ago, 04/15/2024
What should I know about self-managing D-properties remotely?
I'm looking into investing in Ohio (possibly Cleveland), because of the cash flow. But I heard a lot of bad reviews about property management companies. Is it possible to self-manage in D areas? Here's what I'd want to do either way: I want to install security cameras on each property I buy and put them on a sim card plan so I can view my properties at any time. Perhaps I should also get one of those smart locks like they have for airbnbs.
The problem is, how do I have someone do showings for tenants? I would actually like to screen the tenants myself and set my own minimum specifications for them.
I currently own rental property in a high cost state, and I've never used a management company. I just use an online platform to collect rents automatically.
Another question I have is - how would evictions work with a self-managed D property? How much does it cost to hire someone to evict a tenant, or are there all-in-one services for just eviction only?
Any other tips on self-managing D properties from out of state? Or should I just forget it and hire a property management company?