Turn Key Property Management
I recently learned of an investor that was buying rental properties in out of state areas using a turn-key property management company. He never saw the house other then the pictures and the property management company took care of everything, for a fee of course. My market is at a point where buy and hold purcahses just don't make sense and so I wanted to see if anyone had experience with this type of investing in out of state markets using a Turn key management company. I assume there are a lot of pit falls. Let me know what your experience has been. Thanks.