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Updated about 2 years ago,
Managing an out of state property as a beginner
Hey everyone,
As a beginner, is it advisable to manage your own property from out of state?
Context:
Currently, I’m househacking my property and living for cheap, but plan on moving for my partners job sometime next year. I currently have my friends as tenants in two of the rooms that would likely choose to stay as long as rent remains the same.
Questions:
Is it worth the headache to attempt to do this on my own from a different state with no experience?
Would a property management company work with me if I wanted to rent by the room if I already had preferred tenants?
What has been your experience using a property manager? How did you find one you trust?
Please let me know if you’d like more details or clarification. Thanks in advance!