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Updated over 2 years ago,
Possible to self-manage out-of-state properties?
Does anyone manage out-of-state properties without hiring a property management company?
All of these issues seem fairly straightforward to do remotely:
- Listing property online
- Collecting rent
- Scheduling contractor/handyman for repairs
- Coordinating self-walkthroughs if there's a smart lock system or coordinating with previous tenant on tenant turnover
How would people manage these issues?
- Setting up keys and key access.
- Having a smart lock to remotely change key codes and give access to potential tenants, contractors, switchover of tenants, etc. would all be nice. How would you set this up in the first place if you aren't in person when you close on a property? Also, a smart lock would require Wifi to already be set-up so I see this method working for a STR but not a LTR.
- Any other issues that I'm overlooking?
I would need someone on the ground for dealing with the issues mentioned above. Any recommendations on how to find someone for these simple tasks?