If you live in another state say California but you own a home in say Minnesota do you have to have a rental company rent it or can you do it yourself

Asked by Allienscott, Saint Michael, MN Fri Apr 15, 2011

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Nichole Mill…, Agent, Plymouth, MN
Wed Jun 13, 2012
You do NOT have to have a rental company manage your rental for you but you may want to find someone local to help you out if something goes wrong....repairs needed, something breaks. Maybe a friend or relative you trust would be willing to be your "eyes and ears" here. Try it out on your own first and if you find it's just too much to handle, look into rental managment companies at that time.
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Chris Block, , Saint Paul, MN
Sat Apr 16, 2011
From an investor perspective it is not worth your time and money to do it yourself. Either hire a real estate person to manage your property and find/pre-screen renters or go through a company like http://www.renterswarehouse.com/

I can certainly provide this service for my clients if it makes sense, but if not than I refer them to this website.

~ Chris
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Lenny Frolov, Agent, Brooklyn Park, MN
Sat Apr 16, 2011
Depending on what city the home is in you may have to hire a company. Some cities require a manager that resides within the Twin City metro area. If your home is in St Michael I dont think they have any such ordinances so you would most likely be ok to manage it from California even though that may be a chalange.
Web Reference:  http://www.lennyfrolov.com
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Christopher…, Agent, Tarrytown, NY
Fri Apr 15, 2011
Hi, you can absolutely rent it. Just keep in mind you will be an absentee landlord and that can be tricky. If there are issues with the home and you are far away it could be a problem. i would recommend having someone local that can help you out oif needed, even if it's a friend or family member.

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group
Web Reference:  http://raveis.com/chrispagli
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Michael Emery, , Minneapolis, MN
Fri Apr 15, 2011
There's nothing to prevent you from renting the home yourself. But if you're far away, you will have to field repair questions, rental payments, marketing etc from a distance and that could be problematic.

Just make sure you get a company experienced in rentals that will also have a list of repair people should problems occur (and they will). Otherwise you will be spending hours on the phone to get a leaky toilet fixed, etc.
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