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Updated about 8 years ago on . Most recent reply

User Stats

17
Posts
7
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Zach Scheirer
  • Investor
  • Peoria, IL
7
Votes |
17
Posts

IL landlord but all properties are located in TX

Zach Scheirer
  • Investor
  • Peoria, IL
Posted
I live in TX but I have 7 properties in IL. My sister collects rent and shows houses I am trying to rent but I do most of the legwork in TX (Running applications, working with contractors, tenant relationships,etc). Anyone else set up like this? What are your biggest challenges?

Most Popular Reply

User Stats

133
Posts
83
Votes
Ken Badziak
  • Miami Lakes, FL
83
Votes |
133
Posts
Ken Badziak
  • Miami Lakes, FL
Replied

Like @Brie Schmidt said. I live in Florida, but my rental property is up in the Cleveland area. I found me what I believe to be a great property manager, mostly through reviews on this website. 

Finding a good property manager is 90% of the battle. Once you get past that hurdle, the rest is mostly cake.

There is absolutely zero chance I would attempt to manage my own properties from that kind of a distance. Having a sister to show vacants is great, but when the toilet overflows at 3am because the kids thought it would be fun to flush tampons down the toilet is she going to be taking care of it? 

I'd rather pay the management fee and sleep easy knowing that when SHTF (literally!) there's someone local that will take care of it.

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