Landlording from out of state

[Ben Baye]

I am new to the rental portion of RE investing and am analyzing the following deal. This is a basic overview as the numbers aren’t important to my question.  6 New construction single family rentals. 2 bed 2 baths renting at approximately $950. 

I am considering managing them myself to keep my cash flow up. However my family and I are planning to move shortly after the build out of the lots. If I was staying it would be a mute question but with the move would it be advantageous to do my own management or is this an aweful idea being that I am new to property management?  Any advise on how to manage from a distance, from those thinking it may be a viable option would be appreciated.

Thank you

[Terrell Garren]

Originally posted by @James Wise:

Originally posted by @Ben Baye:

I am new to the rental portion of RE investing and am analyzing the following deal. This is a basic overview as the numbers aren’t important to my question.  6 New construction single family rentals. 2 bed 2 baths renting at approximately $950. 

I am considering managing them myself to keep my cash flow up. However my family and I are planning to move shortly after the build out of the lots. If I was staying it would be a mute question but with the move would it be advantageous to do my own management or is this an aweful idea being that I am new to property management?  Any advise on how to manage from a distance, from those thinking it may be a viable option would be appreciated.

Thank you

 Lots of new folks think that removing the property manager saves them money. Often times it does just the opposite. You being out of state and brand new is likely to be one of those times.

 Lots of old folks think that avoiding a property manager saves them money. Often times, it does.