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Updated about 1 month ago on . Most recent reply
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Out of State owner seeks your advice on showing property and rental apps
First time on this forum, and just introduced through two books I just read by David Greene and Brandon Turner. I am 1600 miles away from three residential properties I just purchased in Jackson, Mississippi. The properties range in price from $160,000 to $250,000. My original plan was to utilize a real estate agent to be my property manager that I met through a Dave Ramsey referral program, but I'm exploring if I should attempt this on my own. Also, since the books were several years old, I'm not sure if there is better software or apps like Zillow to use for managing a property.
If I do this on my own, how would someone show a home long distance. Smart locks connected to wifi? Or would it be better just to have my agent show and list the property?
Do you recommend I property manage this myself, or would that be a bad idea. I have had my property manager paid to oversee the renovations. It was taking weeks and months to make small progress on these properties, and I was getting discouraged at the lack of progress. It was painfully slow, but I didn't know if that was the norm. Maybe I need a new property manager. She tends to take several days before she finally requests a contractor to go out and see the property to make a quote, and then another week before the contractor submits their quotes. Finally, I used the Thumbtack app, and I made more progress in six days than I did in the past 75 days on painting, flooring, lighting install, HVAC repairs.
I currently use apartments.com for my automatic rent collection, so that system is helpful. Is the Zillow system good for something like this?
Any suggestions will be greatly appreciated! Thank you! -Steve