Hi Yooni,
I’ve been self-managing my 12 Detroit doors for the last 2.5 years, and while I’ve made it work, it’s been far from easy. I lived in Detroit for 5 years before moving out of state, and during that time, I built a strong network of contractors, handymen, and other boots-on-the-ground contacts. Without that network, self-management would have been nearly impossible for me.
Here are a few thoughts based on my experience:
1. Showings: From out of state, you’ll likely need to rely on a trusted person to handle this. For me, it’s been a mix of local friends and paid contractors. Some landlords use lockboxes or smart locks to grant temporary access, but that has risks if you don’t have someone to oversee things.
2. Move-out Inspections/Cleaning: Again, you’ll need boots on the ground for this. I hire local professionals for inspections and cleaning, but even then, I’ve run into issues where things were missed because I wasn’t physically there.
3. Tools: I use software like Tenant Cloud for rent collection and maintenance tracking, but no tool can replace having someone who can physically check on properties. Even with Section 8 inspections (if you’re in that space), you’ll find that they don’t catch everything. I’ve had deferred maintenance pile up because I couldn’t be in the homes myself.
4. Other Considerations: There’s a lot that can slip through the cracks when you’re managing from afar. Even with a network, I’ve had delayed repairs and tenant issues that would have been easier to resolve if I were local. Over time, I’ve realized there’s no substitute for being able to walk through the property and stay on top of maintenance proactively.
Ultimately, I’m in the process of transitioning my properties to a property manager. Self-managing from out of state has been doable, but the challenges have added up, and I’ve realized I’ve missed things that could have been avoided with closer oversight.
If you’re just starting and don’t already have a strong local network, I’d advise against self-management from out of state. Hiring a good property manager may cost more upfront, but it’s often the better long-term choice, especially if you want to avoid burnout or costly mistakes.
Happy to dive deeper into any of these points if it helps!