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My rentals were in another state on the other side of the country. Property manager handled everything but the problem with that is when there are problems, and the one I sold had a ton of tiny issues, you can't deal with it yourself. So you have to hire a cleaning crew, fix it man, etc... With low income rentals, it didn't take much to lose 2 months of rents getting cleaned/fixed for the next tenant and that does not include the lack of rents collected due to non payment and the eviction procedure.
The last one I have has a tenant in there 15+ years. That's a piece of cake but will probably put this one up for sale as well since I could of made more money in the stock market during that time.
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