Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

33
Posts
10
Votes
Victor Lee
10
Votes |
33
Posts

Workflow for remote property mgmt w/o a professional PM

Victor Lee
Posted

Hi amazing BP members- Hope you all are doing great. I haven't been able to find a single decent property management company in my market and I have been looking for months. No responses, lack of professionalism etc etc. I have 8 properties(4 duplexes) now in B hood with great schools (9,7,7) and will continue to expand. I live 90 mins drive from the area and work full time. 

So decided to put my own system in place.

Have two requests for input

1) Call out for gaps in my current or desired setup ( think asset protection, taxes, liability, efficiency and long term thinking perspective). Setup -> Have properties in separate LLCs and all the LLCs are disregarded under a holding LLC. Started a property management LLC recently to communicate with all the tenants/prospective tenants and be the front. Will post on Zillow for vacancies and have an agent arrangement to show the vacant units since I am not there in person. PM LLC does not have any insurance on it(Do I need one?) and my name is on emails, listings (Do I need an alias here). Tenants will pay through an online portal. Still trying to figure out how to get a handyman/contractor on service.

2) Would love to know what innovative strategies other people are implementing for remote self property management

Thank you so much!

Loading replies...