Trying to care for a rental while living in another province

[Tina C.]

Hi all!

How many here have investment properties in other provinces? Aside from a rental company caring for them how do you manage? We have owned one of our  rental homes for 10+ yrs and have now moved out of the province (17 hrs away) 

We really like being landlords however would certainly prefer a place closer so we can do any repairs needed and such.  Just trying to get some ideas here. 

Have a good one.

[Minna Hu]

Agree with Thomas. Set up the process and system for you to self-manage the properties, as the first and one Thing. It is important no matter you are local or remote. You need to fill the spots for people who can deliver notice, keep an eye on the property, small repairs. When we started to self-manage the properties, most of the tasks are challenging. We soon realize we don't have a good network of contractors, paralegal and superintendent. After we realize it, we didn't take action and thought we inherited this since we managed remotely. Until it got really stressful for me and I put setting up the network, finding good superintendent, leasing agnet, paralegal and contractors as my one thing for the business. Actually it was much easier than I imagined, with internet, phone, Kijiji and reference, I can reach lots of good resources and competent people. 

Originally posted by @Thomas Lorini:

I own several properties in Ontario. Moved to the US three years ago and still self manage them. No issues. Just need to assemble a good team of contractors including tenant finding agent.