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Updated almost 8 years ago,
Managing rental properties from far locations
I own two rental properties in the SF bay area and need to move to Los Angeles for work reasons. I am considering hiring a property management company to manage my property. However, the fees are a little high for what I think is needed in terms of time spent per month on those properties.
Are their a lot of people with experience managing rental properties from remote locations? What are the biggest problems faced when doing that?
I am thinking about the following problems and how to handle them:
Urgent need of repairs -> ask handy to send technicians on site
Need to find new tenants -> organize open house and fly in for a week end
Any other major problems I need to look for? How difficult is it to manage properties from remote locations?