How To Save On Maintaining Your Out of State Investment Property

The easiest way to take care of an investment property you own that is far from where you live is to let someone else do it. You can hire a property management company who will handle maintenance and repairs and send you a bill. Usually a large bill. But what if you'd like to cut down these costs some?

1) Do It Yourself
Take a working vacation once or twice a year and tackle those little projects. If it's a short term rental go in the off season to not sacrifice peak rental income - or go ahead and enjoy the time during the season knowing you're saving by doing a couple of days of work.

2) Hire A Local Contractor or Handyman/woman
If you can find someone you trust you could save a lot by enlisting the help of a local contractor to perform the needed maintenance. They often have relationships with others in the industry and can find a quality, decently priced plumber, electrician, or roofer in a hurry. Of course, trust is key. Work with this person while you're in town to inspect the work the first few times to be sure you aren't taken advantage of.