Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

143
Posts
117
Votes
Brett B.
  • Rental Property Investor
  • n/a
117
Votes |
143
Posts

Managing From Out of State - Tenant Turnover

Brett B.
  • Rental Property Investor
  • n/a
Posted

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.

Most Popular Reply

User Stats

8,494
Posts
4,451
Votes
Colleen F.
#2 Managing Your Property Contributor
  • Investor
  • Narragansett, RI
4,451
Votes |
8,494
Posts
Colleen F.
#2 Managing Your Property Contributor
  • Investor
  • Narragansett, RI
Replied

@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. 

Loading replies...