Close Menu
    Facebook
    BakensteinBakenstein
    • Home
    • Business
    • Career
    • Finance
      • Copay Assistance
      • Loans
      • Insurance
      • Money Management
      • Investments
      • Make Money
      • Money
      • Saving Tips
    • Home Improvement
      • Bathroom Remodeling
      • Home Decor
      • HVAC
      • Home Maintenance
      • Outdoor Living
      • Plumbing
      • Roofing
    • Law
      • Car Accident Lawyer
      • Criminal Law
      • Family Law
      • Personal Injury law
      • Real Estate Law
    • Real Estate
    • Technology
    BakensteinBakenstein
    Home»Real Estate»How to Manage Remote Real Estate Rentals
    Real Estate

    How to Manage Remote Real Estate Rentals

    December 20, 2017Updated:August 3, 202404 Mins Read

    Whether you have a vacation property you rarely use  or you’re moving and you no longer need your current property, you can add some extra income by renting these pieces of real estate, even if you won’t be living in the same area. Discover how you can successfully manage real estate remotely with the following tips.

    How to Manage Remote Real Estate Rentals

    Make a List of Repair People

    One of the most important steps you can take when you’re remotely managing a real estate rental is creating a list of repair people you can call when something goes wrong. Think of every potential repair or service you might need, including plumbing, electrical, lawn care, snow removal, and roof repair, and then research the best people or companies in your market to contact,, for instance, California home warranty companies .  Also consider getting the name of a reliable handyman or woman who can make minor repairs to the property as necessary. After all, it’s better to have this information ready before you actually need it.

    You can also consider working with a local maintenance company. Some of the systems these companies use will let you see how many tickets get opened for a certain item, which will help you decide when it’s better to replace a faulty item instead of fixing it again.

    Consider a Home Warranty Plan

    Another option to consider when you’re managing remote real estate rentals is purchasing a home warranty plan. When you have one of these, you no longer have to worry about calling repair people to come out and fix whatever is broken. Instead, you call the home warranty company, and it takes care of everything for you. While home warranty plans are an easy way to handle most repairs in your rental, there are some drawbacks to consider.

    First, you have to pay for the plan whether you use it or not. Policies typically cost between $300 and $600 a year, and you’ll be charged a fee for every service call. Second, home warranty plans don’t cover every part of the home. While most plans will typically cover plumbing systems, electrical systems, heating and cooling systems, and kitchen appliances, not all plans will cover faucet repairs, washers and dryers, refrigerators, and outdoor items, like sprinklers or pools. With this in mind, it is vital that you do plenty of research to find the right home warranty plan for your needs. For instance, if your property is based in Utah, then taking a look at some of the home warranty plans on the First American Home Warranty website could be a good place to begin so that you can compare a few different options.

    Work With a Leasing Agent

    When you’re getting ready to rent your property, you might need to work with a leasing agent to get your first tenant. However, once you have tenants in place, you can use them to help you find new tenants. When your current tenants tell you they’re leaving, offer them a discount on their last month’s rent in exchange for showing the property to new prospective tenants. The discount you offer will still be less than what a leasing agent charges, and being able to show the property right away minimizes the chances of any gaps during the rental period.

    Use E-Signature Software

    Once you have tenants lined up, you don’t have to come back to sign rental agreements or contracts with them when you use e-signature software. With this convenient technology, your tenants can use a web browser or mobile device to read the documents. The areas where they need to sign are clearly highlighted, so they don’t miss a spot. Then they simply fill in their secure digital signature, and you get peace of mind knowing that the entire process is easy, flexible, and legal.

    Collect Rent Electronically

    While collecting rent is one of the most critical parts of renting property, it’s also one of the more complicated parts if you’re doing it remotely. If you don’t live in the area, your tenants can’t drop off the check at your house. Having them mail the check can also cause delays. However, you have numerous options for collecting rent electronically that make the process simple for you and your tenants. There are several websites and apps that will collect rent from for your tenants online and deposit the money straight into your bank account.

    With these tips, you can successfully manage real estate rentals even when you’re not actively present and in the same area.

    Also Read:

    1. Tips for Choosing a Real Estate Asset Manager
    2. Advatanges of Real Estate Investments
    3. The Types of Services Real Estate Agents Offer
    4. How To Get Started With Real Estate Investments
    5. Tips for a First Time Real Estate Investor
    6. Self-Directed IRA Rules for Real Estate
    7. What Are the Pitfalls of Buying Your First Real Estate Property?
    Previous ArticleBig Trends and Tips for Instagram Marketing
    Next Article How to Blend Food in a Professional Manner
    Vlalithaa

    Related Posts

    Simple Strategies for Selling a Home in Any Market

    July 11, 2025

    Simple Home Staging Tips That Make a Big Impact

    July 4, 2025

    Navigating Your Home Investment: The Role of a Property Advisor

    July 3, 2025
    Add A Comment

    Comments are closed.

    Follow Us
    Recent Posts

    High-Yield Savings Accounts Are Worth a Second Look, and Here’s Why

    July 11, 2025

    AI in CFD Trading: The Future of Automated Strategies Explained

    July 11, 2025

    Simple Strategies for Selling a Home in Any Market

    July 11, 2025

    Reducing Truck Accidents: Practical Strategies for Safer Roads

    July 11, 2025

    How to Use a Cash Advance Wisely to Stay Financially Afloat

    July 10, 2025

    Planning Retirement? 8 Ways to Keep Your Cash Flow Flexible

    July 10, 2025

    Dubai’s economic growth catalysts beyond iconic landmarks

    July 10, 2025

    The Best of Both Worlds, A Touch of Class with Convenience Assured, Essential Home Upgrades!

    July 9, 2025
    About
    About

    Get the latest news, analysis, and advice on the world of business, finance, investing, and money management on our comprehensive website.

    Facebook
    Recent Posts

    High-Yield Savings Accounts Are Worth a Second Look, and Here’s Why

    July 11, 2025

    AI in CFD Trading: The Future of Automated Strategies Explained

    July 11, 2025

    Simple Strategies for Selling a Home in Any Market

    July 11, 2025
    Popular

    Transforming Digital Experiences with Phenomenon Studio

    May 10, 2025

    Identifying The Signs That Your Pipes Need Relining

    August 1, 2024

    Essential Safety Measures to Reduce Construction Accidents

    January 8, 2025
    © 2025 Bakenstein.com. All Rights Reserved.
    • Home
    • Contact Us
    • Sitemap
    • Feed
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.