Self Managing Out of State

[Satyam Mistry]

I will be closing on my first multi family property (4-plex) soon in south city St. Louis. I currently have 8 SFR in Omaha and self manage those, but this will be my first out of state investment as well. I have connected with a great agent in the area and he will be acting as the GC as the property needs a full rehab before occupancy.

I have good experience with managing my rentals in my local market and feel I can do the same with this new property as I should be able to find a couple reliable handymen through networking with other investors in the community, but am thinking the main thing would be finding someone that can show the property to prospective tenants. I feel if I can get someone to handle that part and go over the lease signing with them in person then I can self manage maintenance requests and rent collection being out of state. I am thinking I could have an agent do the showings and lease signings for a fee as I will still be the one that will be reviewing their applications.

Curious to know others advice and tips on this.