Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

970
Posts
1,653
Votes
David Zheng#4 Real Estate Deal Analysis & Advice Contributor
  • Investor
  • Saint Louis, MO
1,653
Votes |
970
Posts

Out of State Managing without Management Company. How?

David Zheng#4 Real Estate Deal Analysis & Advice Contributor
  • Investor
  • Saint Louis, MO
Posted

Hey guys!

I'm a landlord in the midwest and currently am self-managing 55 units (ITS TIRING). on top of collecting rents, doing showings, managing finances, taxes, etc. etc. I also do maintenance requests when i can. Its helped me learn all the ins and outs of the business

I do have a really dependable handyman and relationships with several plumbing, hvac, electric companies etc. as well so it's not completely overwhelming

Now I really want to semi move to the west coast  to pursue other investments and passions while being able to travel back and forth during peak busy months . Im in students rentals so its a cyclical thing and I like handling the collection of rent/showings/etc.  but I'm trying to get ideas on how to manage my properties here without going through a management company. 

for people who hire assistants or such how do you usually structure your payment? hourly, salary? what are fair prices? I would generally say their main responsibilities would be showing a place, handling maintenance calls and allocating to the right contractors, and general scheduled maintenance upkeep (sweeping staircases, emptying mail bins, collecting quarters from laundry) etc. 



Loading replies...