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Updated about 1 year ago on . Most recent reply
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How do you manage your rentals remotely?
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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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.