Thing is, I would be moving far away from my home to help care for elderly parents and was thinking about renting the house for a few years or longer. This is my only home and my mtg is super low since I bought a long time ago. Rents are high in my area right now, so it is worth it.

I have talked to a few management companies and crunched some numbers.

Quite frankly, they take a whole lot of the monthly profit and I am feeling like at least researching ways in which I could manage this home from out of the country.

Is there a way to do this that would make up the trouble in profit?

I calculated that with a PM company on a 2k rent I am paying almost around $400 per month if you consider the 10% management fee and 1st month's rent they keep. (also $500 renewal fee) (Nashville market)

So I was thinking I can get a solid contract/lease, study up on the tenant screening and notices, etc, to avoid the management costs, but I will have difficulties after I place the first tenant and would need boots on the ground.

For this, I was wondering if there are companies I can pay to do walkthroughs and inspections for me to take care of the boots on the ground part of the managing a rental.

For the possible eventual repairs, I could work that myself when a repair is needed by hiring from thumbtack or other contacts I have gathered from the many years I have lived here.

I would have an issue with a tenant acting up and would have to educate myself on how to handle situations as they arise AND would have to figure out a way to do final walkthroughs and how to get home ready for new tenant.

Sounds like a lot, but it is also a lot of money to give to a property manager , so I think it is at least worth it to explore this avenue, if it even exists or is recommended by the pros here.

To manage myself or hire PM if you are far from your rental.

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