Best way to rent out a SFH

[Anonymous]

Is anyone willing to recommend a Property Manager they’ve had a good experience with?

[Anonymous]

Anonymous wrote:OP, I would get a PM to vet and find tenant and manage property. You want to be sure you are doing everything 100 percent legally, necessary paperwork and license. It will bring you peace of mind, especially if you are overseas, to know that you are buttoned up in that way.

Good news for LLs - legislation pending in DC allowing easier evictions for non payment and other lease violations.

This is not true. A lot of places, you don't have to get a license for single property rental and if they do then very very easy. PMs are not worth anything and leaches for your money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP, I would get a PM to vet and find tenant and manage property. You want to be sure you are doing everything 100 percent legally, necessary paperwork and license. It will bring you peace of mind, especially if you are overseas, to know that you are buttoned up in that way.

Good news for LLs - legislation pending in DC allowing easier evictions for non payment and other lease violations.

This is not true. A lot of places, you don't have to get a license for single property rental and if they do then very very easy. PMs are not worth anything and leaches for your money.

Agree.

Unless you are not in town. In which case you might need one. They will still be a leech though.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, I would get a PM to vet and find tenant and manage property. You want to be sure you are doing everything 100 percent legally, necessary paperwork and license. It will bring you peace of mind, especially if you are overseas, to know that you are buttoned up in that way.

Good news for LLs - legislation pending in DC allowing easier evictions for non payment and other lease violations.

This is not true. A lot of places, you don't have to get a license for single property rental and if they do then very very easy. PMs are not worth anything and leaches for your money.

Agree.

Unless you are not in town. In which case you might need one. They will still be a leech though.

Not necessarily. People easily manage property from out of town all the time.

[Anonymous]

Anonymous wrote:Hello,

If you rented out your SFH in this area, which route did you take:
(a) pay a broker to secure a tenant (then manage the tenant yourself long distance)
(b) pay a property management company
(c) find a tenant yourself by word of mouth
(d) advertise yourself on Zillow, etc. to find a tenant

No prior landlord experience here.

TYIA

We just did Zillow and we hosted a couple open houses (i.e. so you don't have to drive out to the house every time somone is interested). We did applications and background checks through zillow. Once you find a tenant, you can also collect rent online through zillow or apartments.com. I don't think it is worth paying a property management company because ultimately you will get the phone call if something goes wrong. However, you need to have a reliable handyman, plumber, electrician, etc. on hand for those repair emergencies.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, I would get a PM to vet and find tenant and manage property. You want to be sure you are doing everything 100 percent legally, necessary paperwork and license. It will bring you peace of mind, especially if you are overseas, to know that you are buttoned up in that way.

Good news for LLs - legislation pending in DC allowing easier evictions for non payment and other lease violations.

This is not true. A lot of places, you don't have to get a license for single property rental and if they do then very very easy. PMs are not worth anything and leaches for your money.

Agree.

Unless you are not in town. In which case you might need one. They will still be a leech though.

Not necessarily. People easily manage property from out of town all the time.

Well, I'm the landlord of a house in NoVA, and I would never recommend that anyone manage their own property from out of town and I don't believe you can do it "easily." I think you don't know what you are talking about.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, I would get a PM to vet and find tenant and manage property. You want to be sure you are doing everything 100 percent legally, necessary paperwork and license. It will bring you peace of mind, especially if you are overseas, to know that you are buttoned up in that way.

Good news for LLs - legislation pending in DC allowing easier evictions for non payment and other lease violations.

This is not true. A lot of places, you don't have to get a license for single property rental and if they do then very very easy. PMs are not worth anything and leaches for your money.

Agree.

Unless you are not in town. In which case you might need one. They will still be a leech though.

Not necessarily. People easily manage property from out of town all the time.

Well, I'm the landlord of a house in NoVA, and I would never recommend that anyone manage their own property from out of town and I don't believe you can do it "easily." I think you don't know what you are talking about.

I think it's possible as long you have a handyman that you trust that can go to the house and check in on things when needed. I'm not the above poster, but I found property managers unnecessary.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, I would get a PM to vet and find tenant and manage property. You want to be sure you are doing everything 100 percent legally, necessary paperwork and license. It will bring you peace of mind, especially if you are overseas, to know that you are buttoned up in that way.

Good news for LLs - legislation pending in DC allowing easier evictions for non payment and other lease violations.

This is not true. A lot of places, you don't have to get a license for single property rental and if they do then very very easy. PMs are not worth anything and leaches for your money.

Agree.

Unless you are not in town. In which case you might need one. They will still be a leech though.

Not necessarily. People easily manage property from out of town all the time.

Well, I'm the landlord of a house in NoVA, and I would never recommend that anyone manage their own property from out of town and I don't believe you can do it "easily." I think you don't know what you are talking about.

I think it's possible as long you have a handyman that you trust that can go to the house and check in on things when needed. I'm not the above poster, but I found property managers unnecessary.

You're shifting the burden on the tenant. I would never want to rent from you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, I would get a PM to vet and find tenant and manage property. You want to be sure you are doing everything 100 percent legally, necessary paperwork and license. It will bring you peace of mind, especially if you are overseas, to know that you are buttoned up in that way.

Good news for LLs - legislation pending in DC allowing easier evictions for non payment and other lease violations.

This is not true. A lot of places, you don't have to get a license for single property rental and if they do then very very easy. PMs are not worth anything and leaches for your money.

Agree.

Unless you are not in town. In which case you might need one. They will still be a leech though.

Not necessarily. People easily manage property from out of town all the time.

Well, I'm the landlord of a house in NoVA, and I would never recommend that anyone manage their own property from out of town and I don't believe you can do it "easily." I think you don't know what you are talking about.

Ok, Mr agent. I am also an out of town investor with 2 properties in NovA, DC and manage them on my own. PMs will suck your money and your property is going to get trashed. I had to sue a PM because he came with the sale as his agreement was with previous agent. Negligence was so clear that we won $30K+ legal costs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP, I would get a PM to vet and find tenant and manage property. You want to be sure you are doing everything 100 percent legally, necessary paperwork and license. It will bring you peace of mind, especially if you are overseas, to know that you are buttoned up in that way.

Good news for LLs - legislation pending in DC allowing easier evictions for non payment and other lease violations.

This is not true. A lot of places, you don't have to get a license for single property rental and if they do then very very easy. PMs are not worth anything and leaches for your money.

Agree.

Unless you are not in town. In which case you might need one. They will still be a leech though.

Not necessarily. People easily manage property from out of town all the time.

Well, I'm the landlord of a house in NoVA, and I would never recommend that anyone manage their own property from out of town and I don't believe you can do it "easily." I think you don't know what you are talking about.

I think it's possible as long you have a handyman that you trust that can go to the house and check in on things when needed. I'm not the above poster, but I found property managers unnecessary.

You're shifting the burden on the tenant. I would never want to rent from you.

LOl then don't. You think you would have a lot of choices with SFH in NoVA area. LOL

[Anonymous]

+ 1.
Prob the tenant who talks about selling his vast real estate holdings at exactly the right time to invest in the market and crypto, at exactly the right time. The dude is a brilliant investor … he has made a million dollars and it was so easy. The next million, he says, will be easy too! So, landlords of the DMV, listen to that arm chair maven. He’s got the stuff.

[Anonymous]

Op, don't hire PM if you want to break even, ever.

[Anonymous]

Anonymous wrote:Op, don't hire PM if you want to break even, ever.

+100

[Anonymous]

Op, everyone has told you to not hire PM and now it is upto you.


You might not get a late night call, but be ready to cover expenses from your pocket after paying PM too. It would be a negative cash flow experience.

[Anonymous]

Just get a home warranty. American home shield etc.