Long distance property management

[Sandeep Shukla]

Hello Everyone,

I am looking for a recommendation on managing 9-unit property which is about 8 hours from me. So it will be hard for me to go there every time and manage it if there are any issues.  

This is a new purchase and all the units are occupied. 

How are you handling your long-distance investment properties?

Here are a few options I am considering:

1. Should I hire a local PM company for long term to manage the property?

2. Should I hire a local PM company for the short term to make the transition and then after 6-9 months move the PM software?
3. Should I just start with PM software like RentRedi and deal with everything myself with the help of a local realtor/handyman?

Are there any other options?

For options 2 and 3 - what is the best why to get the new tenants for empty units?

Thanks

Sandeep

[Michael Smythe]

@Sandeep Shukla how much time do you have to manage AND learn:

1) Fair Housing laws
2) Fair Credit Reporting Act
3) Consumer Privacy Protection laws
4) Local rental ordinances
5) State eviction laws and procedures
6) Etc...

Everyone thinks property management is easy until something goes wrong...