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Updated almost 6 years ago,
Managing out of state investment repairs
So I am not sure what to do here. I have a single family home in st augustine that I manage from out of state. Great tenants, no issues there. My issue is as far as managing repairs. My roof needs to be replaced (just the shingles). I have found a contractor that sounds great. Has great review...so on. My question is how do you guys manage or oversee repairs on your out of state properties?
I don’t have a property manager. I also don’t think I should have to take a week off and travel there to oversee the project. I don’t want to micro manage but at the same time I want to make sure that they do a good job.
Has anyone had to deal with something similar to this is the past?
Lastly, since I have a mortgage on the property, my loan company needs to endorse the insurance check and do an inspection on the roof. This is free for me. So I wait until they do this inspection to pay the contractor? I paid the deposit with a credit card so they have my information and can technically charge the rest as soon as they finished the job.
Any advice?