Background: I live in Orange County, CA and I just purchased 2 SFRs in Colorado. This is my first attempt at remote investing. Both homes are new construction and I am attempting to manage the properties myself. I know, I know...I'm asking for trouble, but, here is my logic: The houses are under a full warranty for the first year, so, if I need any repairs done, they will cover it. After the first year, I plan to see how it goes then decide whether or not to hire a property manager. I also have a couple friends in the area that could help me out if need be - but I would rather not ask them for favors if I can help it.
The first crack in my logic: One of my tenants let me know that the sprinklers turn on 3 times a day and the grass is very soggy. I asked if they would mind dialing back the sprinkler timer and they responded that they are not comfortable setting the timer, will not do it, and want me to take care of it.
Now, I AM the landlord...I get it...but per the lease contract, they are responsible for maintaining the landscaping in a manner consistent with the neighborhood (keep the grass green and cut). In your opinion, is this my responsibility or theirs? If the rental was around the corner I would take care of it and be done with it.
Thanks in advance for sharing your opinions and experience!
it is such a minor issue have a friend or local handyman take care of it If they told you they do not want the responsibility why not listen to them. I would like to have tenants bring to my attention problems without worrying about repercussions
Yeah - I know it is a minor issue and you are right - I would rather know about it and fix it than not hear from them at all! Thanks.
@Nate Waters you really need to build your team, or you are in real trouble. People always think it is so easy to just collect rent and unclog a toilet!!!! Of course, I'm being a smart xxx. It doesn't matter if it's new or an older home, there are so many things that go on day to day, hour to hour every single day in rental properties. Hire a manager or get yourself a team
Shouldn't be too hard to find someone on Craigslist or taskrabbit to do it.
Or find some gardeners that work in the area.
I think the hardest part of managing a property is having someone who can take care of the little things and meet repair people.
Sure, you can find a plumber, but you need someone to meet him there, wait the 45 minutes that he's late, open the house, make sure the issue is fixed, and lock up the house.
Maybe offer to pay (or get a nice present) for a friend you trust who's willing to help you manage.
@Kim Meredith Hampton I'm learning you are right about building the team. I have experience managing properties local to me but this is my first attempt at remote investing. Thanks for your reply.
Hello @Nate Waters
I would say that is a minor issue and a local handyman can help you, and even double check on things for you. Good luck