Request some Ideas on Leasing and Managing from Out of State

[Suresh Kannan]

Got a Rental Property in San Antonio, TX. Unfortunately I cannot be there physically for tenant showings etc., so brainstorming various ideas, Hiring a Property Management company will make the cashflow -ve. So, figuring out options to managing it remotely myself, If you have a similar situation, do you mind sharing how you handled the tenant showings etc., or if you can refer someone who can help to be the foot in ground and we can work out some compensation for their time, really would appreciate it and also would love to meet other local investors in San Antonio when I am visiting there, Please DM if you like to meet and collaborate.

[Melvin Maxwell]

@Suresh Kannan, I don't think you need a property manager but you probably have to have some boots on ground to handle the showings and provide keys to tenants, etc.  One of the things we did for tenant screening was to use a free pre-screening questionnaire via Survio.com which allowed us to qualify tenants quickly prior to showings.  We recently had a property on the market for 7 days.  We got something like 67 inquiries requesting applications or viewings but based on the pre-screening questionnaire we only qualified 4 people for showings.  That will reduce the workload on your boots on the ground person and make things easier for you if you choose not to have a property manager.

Mel