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Updated about 9 years ago, 12/23/2015
Managing a property out of town?
I'm thinking about taking a job out of state and renting my house out. I know it would be a lot easier to hand my property over to a property manager but was wondering since this is my only property if it's possible or adivisable to rent out my property while I live in another state?
My main reason is to save on the 10% management fee. I could lower the rent to attract a quality tenant that would still get me more money than had I used a manager. Any thoughts?