Moving out of my House Hacking home

[Solen Kebede]

Good Morning Everyone! I have been a huge fan of the BiggerPockets Podcast for years now, but I am just now creating an account on this site. Real glad to be a part of this community!

I am currently house hacking my townhome in Silver Spring, MD and have been doing so for just short of 3 years. I am looking to move as early as November of this year to get a second property closer to Washington DC (~ 1 hour drive).  I live a townhome with five bedrooms and am currently renting out 4 of the rooms (one person per room) and living in the master suite. It is worth noting that 2 of those bedrooms are in the basement which has its own entrance and is an independent unit.  To date I have been self-managing my property and it has been pretty straight forward since I was living there. However, with me moving out I will not be "there" all the time and that is making me wonder how I can manage this property with 5 tenants. 

I would like to continue to self-manage this property, but I am open to a management company. As of now I am looking for any advice on what I should be doing to prepare for this transition and how people have successfully managed room sharing properties. Any advice would be appreciated.  

[Jack Seiden]

Quote from @Solen Kebede:

Good Morning Everyone! I have been a huge fan of the BiggerPockets Podcast for years now, but I am just now creating an account on this site. Real glad to be a part of this community!

I am currently house hacking my townhome in Silver Spring, MD and have been doing so for just short of 3 years. I am looking to move as early as November of this year to get a second property closer to Washington DC (~ 1 hour drive).  I live a townhome with five bedrooms and am currently renting out 4 of the rooms (one person per room) and living in the master suite. It is worth noting that 2 of those bedrooms are in the basement which has its own entrance and is an independent unit.  To date I have been self-managing my property and it has been pretty straight forward since I was living there. However, with me moving out I will not be "there" all the time and that is making me wonder how I can manage this property with 5 tenants. 

I would like to continue to self-manage this property, but I am open to a management company. As of now I am looking for any advice on what I should be doing to prepare for this transition and how people have successfully managed room sharing properties. Any advice would be appreciated.  

I’d probably look to rent just in one lease, probably a nice middle ground between having 5 tenants & paying a property manager