I currently self manage an in-state property, but was curious what it “takes” to successfully manage an out-of-state one.

Many managers get jumpy around rooming houses.

I self-manage but I did have a daughter who was in school there so I could understand the leasing cycles and I was given the previous owners leases to start . Definitely try to understand if it’s rented as a student rental now on the academic year schedule.  many times they say they are student rental because they’re close to the university, but they’re not on the academic year schedule .Ours are all one year leases, but all have to move out a couple days early so we can do the turnover.  Go and call around to other landlords in the area or property management companies and get copies of leases and act as a renter and trying to understand what the requirements are and their best practices.  in our area, it is common to pre-lease 9 to 10 months in advance before the academic year begins and for tenants to pay every utility including water .

@Bob Dole, It's not uncommon for a child or employee, friend or advisor "manage" a 1031 exchange for one of our clients.

For all the property managers out there, how do you typically evaluate your janitorial needs for commercial buildings (what are the most important things that help property managers (price, quality, et.).

Lots of calloused property managers responses here.

So I did a few deals where the partner brought the cash and I used my credit to get the loans, and we split everything 50/50.  

Property Manager based in Westchester NY.

I used to be a HUGE Robert Kiyosaki fan and I still LOVE all of his early stuff.

Hi Hazel, I'm an investor/agent in Campton, so I know  few management co's that might be a fit, happy to provide connections and insight if appropriate