Managing From Out of State - Tenant Turnover
I will be moving from NJ to Florida in October and plan to manage my 2 NJ properties from out of state. With rents for both properties at about $3,000 each, I cannot justify spending 10% or $600+ on property management every month, plus the 1 month's rent fee to get them rented. I do not anticipate having tenant turnover often because there is very high demand in NJ for rentals, but I want to plan ahead and set up a system before I leave.
For those that self-manage from out of state, what have you found to be the best practice for tenant turnovers? Do you hire a local realtor and give up 1 month's rent or is there a system you found that works to get it rented on your own? I have always self-managed and am familiar with having everything done through email/docusign, I just don't know how to go about showing the property when that time comes.
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@Brett B. There are things like rently you can use to allow self touring but you need someone for the actual turnover work, to judge what needs to be done so if you have people who can handle that part of it they could probably also do what needs to be done for rently. I haven't actually used their remote access app. You can use lock that are programmed but you need to maintain internet for that. I manage remotely but come back to the area for the summer. I have less local support now but we will see how it goes.