FizzBitch t1_ire7jwc wrote on October 7, 2022 at 11:51 AM

Get a management company - you'll loose 8-15% but have no worries while away.

Frankly as a tenet anything less could lead to a huge mess with no one to help them.

Distinguished_Parrot t1_ire8acf wrote on October 7, 2022 at 11:59 AM

This. If there's a stuck drain at 5am Eastern, you don't want to be the one they're calling at 2am California time.

There's a number of management companies around the state that take care of the property 100%, and some can also handle the legal issues of evicting a non-paying tenant/squatter. I got forced into this situation with an unplanned out of state rental, and 2 of my first 3 renters stopped paying rent weeks within moving in, one decided they didn't want to leave after the lease was over and not renewed. I'm glad I didn't have to handle it from halfway across the US.

As an remote landlord it's worth every penny for you and the tenants.

traeVT OP t1_irebzky wrote on October 7, 2022 at 12:37 PM

Thanks for the advice!

MudaThumpa t1_ire85dt wrote on October 7, 2022 at 11:58 AM

And in my experience you should use an established property management company, not just a friend or handyman. Pay more for the experienced management or you'll end up handling a lot of the work yourself.

FizzBitch t1_ire9s68 wrote on October 7, 2022 at 12:15 PM

Absolutely, this is VT your buddy is gonna want to go hunting at some point.

traeVT OP t1_irebw4m wrote on October 7, 2022 at 12:36 PM

Thanks. This route seems best. I want to make sure to keep rent low. I'm not out make a fortune. I just need someone to be a placeholder since I'm not ready to sell