Investor · Houston, TX · Member since 2012 · 354 posts · 186 votes
I am wanting to do buy and hold properties, but one of my worries becoming a landlord while traveling for work. I spend anywhere from 6-9 months away from home and am wondering if my only option is using a property management company. Is it worth using one for 1 property? What are my other options?
Commercial Real Estate Broker · Fort Collins, CO · Member since 2015 · 308 posts · 151 votes
10y
In terms of hiring a property manager, many property managers are fine managing just 1 property (and since you typically pay a percentage of rent it really shouldn't matter to you).
If you want to manage it yourself there are a handful of online landlord / property management software's you could use and access your account anywhere with internet access.
You will still need someone (either a friend, or, at a minimum, vendors) you can count on locally to deal with any issues that arise when you are out-of-town.
Real Estate Agent · Henderson, NV · Member since 2011 · 1k+ posts · 550 votes
10y
@Simon Shih Property management is definitely an important component, but you can also buy the right property that will require less management/maintenance than others.