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Updated about 2 years ago,
Taking Over Portfolio: Transition Tips Requested
Situation:
I currently have 20 units in my home state. I am moving back and taking over management of my properties in 3 months. I've owned rental properties and have slowly grown my portfolio over the last 20 years. I have never self-managed my properties, but have been active in renovation and long-term repair decisions.
Questions:
- Does have tips and guidance on managing properties during the first few months after turnover? (I plan to do this over a 3 month period)
- Do you have any tips on management software?
- Did you have any problems with transferring the lease from your PM Company? (Collecting Rent)
- I have not yet secured key tradesman: Do have any tips for finding handyman, plumbers, etc