In these times, almost 50% of people are working from the comfort of their homes. So…why shouldn’t you enjoy managing your rental property from yours? You might find that you have a slight hesitation to invest in a property out of state or close to your home; however, it is not as challenging as you think!
We will show you just how simple it is to manage a property investment remotely with 5 effective tips. Let’s take a look!
1. Maintenance Care
Home maintenance is at the top of the list of concerns for managing a property remotely. With that being said, you can streamline the process of maintaining a property remotely by connecting with your tenants online for service requests and other regular maintenances. Not only will it be easier for them to connect with you, but you will also have data and records to keep track of all of the maintenance done to the property.
2. Rent Payment
If you conduct your own property management from out of state, then online rent payments are a no brainer. It allows your tenants the convenience of paying on time and online while also giving you the ability to store all of your payment histories digitally. Some programs allow tenants to link their bank accounts for direct deposit, so you never have to worry about a late payment.
3. Online Presence
Even if you are 3,000 miles away, you can manage your property listing with ads on Facebook and Zillow platforms. Utilizing these platforms will make it easier for your future tenants to discover vacancies and review amenities for your property. In fact, 62% of renters preferred that they could utilize online services such as virtual tours.
4. Lease Signing
In the past, lease agreements were long and drawn out events that needed all parties present. Now, E-Signatures are making it easier than ever for those searching for home rentals to sign a new lease. The simple process is entirely digital and usually requires zero face-to-face time between the tenant and owner so you can manage the entire process remotely.
5. Tenants
You can screen your tenants with ease remotely. Everything that you need to know can be easily found online with the touch of a button, including things like a credit score. You can also ask your tenants for references and proof of employment without ever having to leave your home…everything can be done remotely!
Managing Your Rental Property Remotely
At the end of the day, your tenants are looking for a great home, and you can provide everything they need from your comfort. Utilizing these 5 tips will make managing your rental property simple and stress-free!
We would love to connect further with you! We have all of the information you need to find your next great home or help managing one! Visit us today to learn how we can help you.