Treat it like a business, not a side task.Self-managing from afar works when you have:An organized rent collection system (Baselane, Avail, RentRedi, etc.)We currently use RentRedi, and used to use schedulemyrent.comA screening process you follow every timeA communication system (templates, auto-reminders, clear boundaries)The moment you “wing it,” out-of-state becomes a headache.3.

The IRS wants to see that you’re actively directing and managing the business — things like approving budgets, coordinating repairs, analyzing performance, and making operational decisions — not just reviewing reports or responding to occasional updates.So while it’s not impossible, it’s rarely achievable unless you’re very hands-on, even from a distance, and have solid time logs to back it up.If you’re interested, I can share a free REPS tracker that helps you record and organize your hours.

They don't seem to realize that this is a financial organization. 

The local laws are CRUCIAL to understand.

It’s crucial to work smarter and harder for maximum return.

For me, it’s not about replacing thinking — it’s about helping organize and articulate what I’m already thinking.

The first are those who spent years working for real estate development/related organizations, learned the business while earning a salary, saved money, and built real capital relationships they’re ex employers allow them to tap into. 

As the year comes to a close, it’s the perfect time for landlords to organize finances and take advantage of the many tax deductions available in real estate.

Hey Ariel — nice work seeing that project through and being organized enough to keep your LLCs separated.

Something to keep everything organized as far as incoming rents, rehab expenses for flips, and lending money!