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Real Estate Investing with Coach Carson

#26: Ask Coach - How to Manage Rental Properties Remotely

Real Estate Investing with Coach Carson

Chad Carson

Investing, Business

4.9613 Ratings

🗓️ 28 March 2019

⏱️ 6 minutes

🧾️ Download transcript

Summary

Episode #26 - How do you manage a rental property remotely? If you plan to live far from your rental property, either permanently or for a short time, you need to have a plan for remote property management.
 
In this episode of Ask Coach TV, Coach Carson tackles this question and shares his experience managing properties for 17 months while living abroad with his family in Ecuador.
 
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Transcript

Click on a timestamp to play from that location

0:00.0

How do you manage a rental property remotely?

0:03.2

It might be that you're traveling temporarily, like for a month-long trip or something.

0:07.4

It might be that you live completely out of the state where your rental property is.

0:12.0

But the same question looms, how do you manage this property if you're not going to be physically there?

0:17.9

That's the question I'm going to tackle in today's Ask Coach episode, and we're getting

0:21.3

started right now.

0:30.5

Hi, I'm Chad Carson. You can also call me Coach. Welcome to Coach Carson TV. It's all about

0:36.6

investing in real estate, financial independence,

0:39.6

and doing more of what matters in your life. In just a moment, I'm going to take you to a clip

0:44.7

from a recent Ask Coach live stream, and it was a really good question about managing a property

0:51.2

remotely. This person who asked the question actually lived in a house hack,

0:55.9

which means they lived in one unit and they had two other units next door. But this really applies

0:59.9

to any rental property for someone who's going to be long distance. In her case, she was going to be

1:04.9

traveling for several months at a time. In my case, I actually had a situation. I live in Clemson,

1:09.9

South Carolina where my rental properties are, but my family and I moved had a situation. I live in Clemson, South Carolina, where my rental

1:10.9

properties are, but my family and I moved for 17 months abroad to another country to live

1:15.5

in Ecuador and South America. And so it's something I've had a lot of experience with as well.

1:20.6

And so I want to share with you my answer, my thoughts on how some very specific practical

1:26.1

tips on how to manage a property remotely.

1:29.3

Let's take you there right now.

1:30.7

You know, me being gone for 17 months last year, I was sort of in a similar situation.

1:36.2

So that is basically about long distance landlording.

...

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