Self-managing in Indiana from out-of-state

[Adam S.]

Hello.  I'm considering self-managing a rental in Indiana from out-of-state.  However, Indiana Code 32-31-3-18 (IC 32-31-3-18) states that landlords are required to disclose in writing the names and business addresses of: a person residing in Indiana authorized to manage the premises and a person residing in Indiana who is reasonably accessible to the tenant and who is authorized to act as agent for the owner for service of process and receiving notices and demands.  Does that mean that I cannot self-manage?  Do I need to hire a property manager in Indiana?  Thank you in advance.

[Nathan Gesner]

Quote from @Adam S.:

Hello.  I'm considering self-managing a rental in Indiana from out-of-state.  However, Indiana Code 32-31-3-18 (IC 32-31-3-18) states that landlords are required to disclose in writing the names and business addresses of: a person residing in Indiana authorized to manage the premises and a person residing in Indiana who is reasonably accessible to the tenant and who is authorized to act as agent for the owner for service of process and receiving notices and demands.  Does that mean that I cannot self-manage?  Do I need to hire a property manager in Indiana?  Thank you in advance.

They want someone local that can respond when called, that watches the property, etc. Long-distance Landlords typically let properties deteriorate or allow bad tenants to damage a community.

A good PM watches your property, inspects the interior regularly, choose solid renters, removes bad renters quickly and efficiently, reduces vacancy, handles maintenance quickly, keeps your property at market rates, stays current on the laws, and much more. Very few Landlords can manage from a distance and match the performance of a good PM. On top of that, you'll get your time back and won't have to stress about it.

Doing it yourself may actually cost you money instead of saving you 10%.