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Bryan Glaser
  • Sherman Oaks, CA
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Would it be wise to hire family to manage a property?

Bryan Glaser
  • Sherman Oaks, CA
Posted Nov 22 2014, 22:01

Hello! New to BP and RE Investing. I'm currently studying for my license here in California but I am looking into more affordable markets to get started as an investor. Ideally I would like to buy and rent to start with. Since California seems to require far to deep of pockets than what I currently have, I have been looking into Phoenix, AZ.

Another reason I have been looking there other than the cost of housing there, is that my parents are looking to retire in that area. My father has worked in home appliance repair for over 30 years and is a very savvy doit yourself-er. I was wondering would it be feasible to hire my parents as my Property Management team/my dad as my Handy-man for my properties?

Not that it would necessarily save me money, but it would be nice to have two of the most trust worthy people I know on the front lines with me and in the area where my properties will be since I'll remain living in California. Thoughts?

Thank you for all the advice ahead of time!

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