DIY Landlord 2 month vacation - Property manager?

5 Replies

Small time landlords out there, when you go away, what do you do?

I have two 2 family houses in the same neighborhood (I live in one), and I want to leave the country for 2 months. 

I don't need a property manager when I'm here... and I'm wondering if I really need one while I am away for two months.  

I have a super that takes out the trash 3X per week, and I'm setting up a camera system.  Rent payment is done electronically and all my tenants pay on time.  I have a handyman who can fix pretty much anything if I give him a day or two notice.  My phone will work while I'm gone, so my tenants can get in touch with me if they need to and I can call repairmen from abroad if necessary.


Am I forgetting about anything major?  I'm always imagining that I need to be near my properties for them to function, but in reality I really don't need to do much very often.

In a situation like this, would you spring for a property manager for two months, or would you just wing it and hope for the best?


Originally posted by @Michael M. :

Small time landlords out there, when you go away, what do you do?

I have two 2 family houses in the same neighborhood (I live in one), and I want to leave the country for 2 months. 

I don't need a property manager when I'm here... and I'm wondering if I really need one while I am away for two months.  

I have a super that takes out the trash 3X per week, and I'm setting up a camera system.  Rent payment is done electronically and all my tenants pay on time.  I have a handyman who can fix pretty much anything if I give him a day or two notice.  My phone will work while I'm gone, so my tenants can get in touch with me if they need to and I can call repairmen from abroad if necessary.

Am I forgetting about anything major?  I'm always imagining that I need to be near my properties for them to function, but in reality I really don't need to do much very often.

In a situation like this, would you spring for a property manager for two months, or would you just wing it and hope for the best?

 It sounds like you have most everything covered. Ask the handyman if you can rely on them to be your "eyes on the ground" in the event you need to send someone over. Another option is talk to a fellow local landlord and ask if they will help out in a pinch. Let them know you would do the same. Make sure someone has a copy of keys to access the properties in the event of an emergency.

Hi Michael,

Definitely don't think you need a property manager for two months (also not sure you'd be able to find a real one anyway for that sort of term). As long as you're reachable there's not much you need to worry about and sounds like you have good people and systems in place. In the case of an emergency, you may want to consider giving your tenants the number to your super, family member, or friend and give one of those people permission to mobilize a crew in the event of an emergency. Though, odds of something needing immediate attention are extremely low.

Hope this helps.

Best,

Andrew

Sounds like you have it figured out. Just be sure that rent is collected and if you like have someone drive by to check on things if you are that worried. If you have decent tenants then they will reach out if any issues come up. Enjoy yourself and have some fun. 

My rental is 3 states away from me and I do not have an actual property manager. As long as you don't mind taking/making phone calls while on vacation, it sounds like you have everything handled. I like @Joe Splitrock 's comment of having the handyman be your eyes on the ground. One thing that may alleviate some of your worries is to maybe have a backup handyman in case your regular guy can't get to something quickly for you. 

Most of all enjoy that vacation!