@Skye Anderson
You have several options depending on the location of the property.
1. Hire a local agent to assist with showing the property and tenant screening. Often, they are willing to do a quarterly walk-through and provide feedback for a fee. Some agents will do this at a reduced fee if you line up the showings, and do your own tenant screenings and they are there to open the door and lock up. You can use a software platform to have tenants fill out the application, pay the application fee, and run background checks. You can do your due diligence remotely if you set up the systems ahead of time.
2. Hire a local handy-man for maintenance and turnover issues. Get someone who will send you photos, videos and receipts. You can pay them online.
3. Your tenant can contact you with concerns and you can deploy the appropriate team member.
This will help with some of the costs. Often, I do not find it profitable to hire a FT property management service. I do not collect cash so the tenants either mail a money order, fill out the direct deposit form, pay online or are voucher tenants. You can hire an eviction service company when that need arises. As others have mentioned there are always holding costs involved. Always budget a few extra dollars into the monthly rate to account for vacancy and maintenance. I hope this helps.
