Out of state investing advise

[Bao Chau Tran]

I am in contract to buy my first out of state investment property. This property is in Tampa Florida. I ran all the numbers and it looked like my cash flow would be about $500 to $600.

My question is for anyone who do out of state investing is how do you manage it without property manager? My seller is buying me a one year home warranty plan and so this would help with any issues that goes wrong with the house. I could call them if my tenant calls me.

But I don’t know how I would go about screening tenants from out of state. I thought about Zillow property manager features. Anyone have experience with screening tenants from out of state?

I would fly there to screen tenants at the beginning of the year but I don’t have a lot of time off from work to do this properly. How do you do your out of state investing?

[Andrew Orton]

It sounds like you are pretty green. It might be a good idea to contact a few real estate agents to get their favorite property manager (PM). Interview them to find the best for your situation then let them take it from there.