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Updated over 3 years ago on . Most recent reply

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7
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2
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James Sheehan
  • Investor
  • Rochester MA
2
Votes |
7
Posts

managing str. out of state

James Sheehan
  • Investor
  • Rochester MA
Posted

looking to invest in out of state STR. and need advice on how i should go about managing a property from out of state.

Most Popular Reply

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384
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263
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Mike Shemp
  • Rental Property Investor
  • Stewartsville, NJ
263
Votes |
384
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Mike Shemp
  • Rental Property Investor
  • Stewartsville, NJ
Replied

We run 3 rentals remotely that are 7 hours away.  Here is what I would do if I were  you:

1. Go on Facebook and look for any STR groups in the market you are interested in and join them.

2. Introduce yourself on the group and ask any of the STR owners if they could recommend a cleaner, handyman, plumber, electrician, appliance person.

3. Contact the people that are recommended.  Observe who responds fastest as it may indicate how hungry they are to do good. They might also be a newer business looking to get more clients, which is not a bad thing.   Also be aware if may be that no one is using them due to poor performance, which is why step #2 is important to have other owners approve of them first.

4. In the future for anything that comes up, keep using the same people over and over to build a professional relationship with them.  Pay them the minute the invoice comes in for their services.   Pay it same day if possible.  Don't forget to tip them at the holidays.


Hope that helps!

Mike

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