A system and method is disclosed for configuring a network device. The system and method involves a network device that includes an external button for toggling the device between a managed mode and an unmanaged mode. When the device is toggled to a managed mode, an Internet Protocol (IP) address is temporarily assigned to the device and the device may be remotely configured. After configuration, the device can be returned to an unmanaged state, and the IP address assigned to the device is cleared. During the period that the device is in a managed state, an external indicator on the device is turned on to confirm that the device is in a managed state.