Taking over self-management of my out-of-state rental — advice from remote self-manag
Hey BP, I own a rental property out of state (I'm based in California) and I'm considering dropping my property manager and self-managing remotely. Before I make the switch, I'd love to hear from people who are actually doing this.
A few things I'm trying to figure out:
- Software/systems — What do you use for rent collection, maintenance requests, and tenant communication? (Looking at options like TenantCloud, Avail, RentRedi, Buildium, etc.)
- Maintenance without a PM — How do you handle repairs when you can't be there? Did you build a bench of local handymen/contractors before cutting the PM loose? How do you verify work actually got done and got done right?
- Tenant turnover — This seems like the hardest part remotely. How do you handle showings, move-in/move-out inspections, and lease signings from another state? Anyone use a leasing-only agent or pay a realtor per placement?
- Emergencies — Burst pipe at 2am — what's your system? Do you have a go-to plumber/HVAC person on call, or a service that dispatches for you?
- Legal/compliance — How do you stay on top of local landlord-tenant laws, required inspections, and notices in a state you don't live in?
- Honest take — For those who switched from a PM to self-managing remotely: was it worth the ~8-10% savings, or did you end up going back?
Appreciate any hard-earned wisdom. Thanks!