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Updated over 3 years ago,
Anyone ever manage rentals out of state alone? Or no PM?
I'm planning on moving to TN. Leaving my single family homes in WA. Property management costs me 66K a year if I leave the ten rentals to a PM based on quotes I got. That's outrageous for what is essentially 20 or so hours of work per year. So I've considered paying a friend say $50 a tour for getting a vacant unit leased and hiring contractors for repairs that come up when the unit is occupied since the tenant can let them in. Has anyone done this?