I am looking at out of state rentals right now, just doing research, and I was wondering if it was possible to manage an out of state rental property by yourself instead of hiring a property manager.

You can find leases on legal sites like LegalZoom and Rocket lawyer which are specified by state.

If it's an issue of an unscrupulous PM, then demand they make things right or report them to state commission.In the future, you should at least look at your bank statement or owner report once a month.

Depending on the state you're in, it's possible to get around SALT limitations with PTE tax by utilizing an S-Corp.

When we moved in I took pictures of areas of the house that I thought were poorly maintained or not in the expected state, the pictures are in my phone and have a date and timestamp for authenticity of when they were taken.

@Jay Samudio great advice from @Melanie P.Also, in our 24 years of experience, a tenant that has to get emergency relief typically ends up behind on rent again very soon.Be sure the tenant cooperates with providing documentation explaining why they fell behind and that the problem is highly unlikely to repeat.If they won't cooperate and state, "none of your business', then what does that tell you?

Unless your current lease states otherwise, I don't think an entire new lease would be necessary.

for the FWIW file and congrats on selling your bizz thats a nice payday.most of the folks I have done bizz with over the years that are very liquid will buy as high end of rentals as they can  IE A class and put professional management in there. many states require on site manager over a certain amount of units as well.. so the PM is really managing this employee that is mandatory for you to have.. this could work well for you you manage the on site manager let them do the dirty work and you stay engaged and gives you something to do.. good luck with it..

It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties (click to enlarge).Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.The inventory level continued its downward trajectory, significantly lower YoY.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by Month$/SF showed a slight drop MoM, which is surprising considering the decreasing rental inventory and time to rent.

The IRS Chief Counsel released a memo stating that to perform cost segregation properly one must have knowledge of construction, construction techniques, design, auditing and estimation procedures.