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Updated about 7 years ago, 11/15/2017
Showing Rental to Prospective Tenants as Out of Town Investor?
I'm in the process of vetting an out of state market for rental property purchases with the intent of building up my "passive" net cash flow. Since I live (Raleigh, NC) about 4 hours drive from the market I've honed in on (Baltimore, MD) I'm curious if other landlords out there have a good system in place to allow some sort of lockbox to allow prospective tenants entry to view the property.
I was originally thinking of bypassing a property manager for tenant placement, and learn to manage the monthly operations on my own from afar, but I'm not coming up with any great ideas for how to ensure a safe, quick and successful prospective tenant viewing process from afar by myself. Can anyone shed some light on if this is possible, or if I need to bite the bullet and pay a property manager their fee of 1 month rent for tenant placement services? I'm happy to drive to the property and set it up with keys/lockbox but I'm not able to make multiple 4hr trips during the week to show it since I also work a full-time office job. Thanks in advance for any and all advice.