Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

51
Posts
48
Votes
Paul Kubin
  • Rental Property Investor
  • Fort Smith, AR
48
Votes |
51
Posts

Can I manage my out-of-state properties myself?

Paul Kubin
  • Rental Property Investor
  • Fort Smith, AR
Posted

I recently purchased my first two SF rental properties out-of-state (I live in CA, they are in Fort Smith, AR). My best buddy in Arkansas was my point person on the ground, and helped me buy them and has managed them so far while we've been learning REI. But my buddy has accepted a job in Florida and won't be able to continue managing them. We knew that might happen.

I have great tenants for both, and most of the maintenance/rehab items they needed are taken care of for the moment.  I have a handyman I really trust, but other than that, I won't have anyone on the ground anymore.  How crucial is that?  My friend makes the argument that there's not much he's doing for me that I can't do remotely (call a plumber, etc.).  I read David Greene's book on Long Distance Real Estate Investing, but it didn't really talk much about managing, and definitely not about managing remotely.  I'm thinking about regular maintenance (smoke detector batteries, furnace filters, etc.) as well as the urgent calls that could happen.  

I've considered:

Hiring a commercial property manager (don't like this idea, but it's on the table)

Using Thumbtack.com on an as-needed basis

Hiring an enterprising college student, and incentivizing him/he to learn REI and connect with me as needed. Like an internship.

Is this crazy?  If any of you have done what I'm asking about, I'd really appreciate hearing your thoughts on it.

Thanks!

  • Paul Kubin
  • Most Popular Reply

    User Stats

    51
    Posts
    48
    Votes
    Paul Kubin
    • Rental Property Investor
    • Fort Smith, AR
    48
    Votes |
    51
    Posts
    Paul Kubin
    • Rental Property Investor
    • Fort Smith, AR
    Replied

    @Mike Hern

    That’s genius!

  • Paul Kubin
  • Loading replies...