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Updated about 1 year ago on . Most recent reply

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Allan Smith
  • Developer
  • Nashville, TN
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How do you manage your rentals remotely?

Allan Smith
  • Developer
  • Nashville, TN
Posted

I've heard some people manage their own rentals without living near there. My VA does most it for me here in nashville, but the main part I can't crack is the physical items. Who keeps the keys? Who stores the lockbox for the next vacancy? Who keeps the for rent sign?

here locally we have a courier do all that but they get all the stuff from My home office.

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Leland S.
  • Developer
  • LA, Nashville TN
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Leland S.
  • Developer
  • LA, Nashville TN
Replied
Quote from @Allan Smith:

I've heard some people manage their own rentals without living near there. My VA does most it for me here in nashville, but the main part I can't crack is the physical items. Who keeps the keys? Who stores the lockbox for the next vacancy? Who keeps the for rent sign?

here locally we have a courier do all that but they get all the stuff from My home office.

 I listened to David Greene's book on long distance investing when I was in the middle of my remote rehab. 

I could probably write my own e-book on this topic, but just to cover your posted questions, I really need more context. Are these long term rentals? Do you not wish to pay a rental manager? Are they furnished rentals? I only have furnished rentals, so I maintain the wifi networks which allows me to control digital locks remotely for tenants, they are fine with code only access. I do have a lockbox with backup keys. I have a reliable handyman to fix nearly any small items, and if needed call in the licensed guys. I use Zillow and other listing services (I'm hiring out this part soon). I use Zillow for background checks and there's another service I had paid for through FurnishedFinder (keycheck). I have a docusign account and created my own contract by merging multiple templates and having a lawyer review. I take all the payments from tenants directly using Zelle or Venmo. For showings I have a local guy I've used for multiple odd job tasks that I trust to let people in the house or check on things as needed. I found him on Task Rabbit or one of those sites. 

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