how people manage their house

Question

I need some advice on how people who have more than ten homes in other cities and states manage their tenants and homes

Taylor Dasch · Answer

Once you get into that range - I think its best to hire a PM. They will be able to have everything organized and sent to you for record keeping and also deal with the tenants. If I were to be managing 10 of my own rental properties I would likely forget to check if one paid rent lol.

Steve Smith · Answer

With a bit of planning and good operations, one can easily manage 20 to 30 properties without an assistant, with less than a day or two a month.

There's lots of automated ways to check on rent, make deposits (my tenants deposit directly into a bank account), receive maintenance requests, have maintenance done, etc., etc.

One thing I could argue is to have your tenants ONLY email you, especially for maintenance requests, and that email goes directly to the vendor that you have set up to handle it. He is trained to determine if it's my expense or a tenant expense, get it done, email me back when done, either with a bill or confirmation that the tenant has taken care of it. (I have less than ONE request per tenant per year, some nothing in 5 years)

There's lots of was to manage your rentals, but being organized is paramount.