Buy and Hold Out of State Real Estate

[Patrick Olownia]

Looking to chat with individuals who have experience with owning rental properties out of state for the purpose of increasing passive income. I just flat out am not sure where to even begin, from locating the right house, to picking the best rental property management company, to the BRRRR method, etc.

Thanks!

-Patrick Olownia

[George Pauley]

I live in Arizona and have 3 properties in Phoenix, 3 in Memphis, 2 in Davenport Iowa.  All out of state properties are turnkey.  I LOVE my turnkey properties, they cash flow well, were easy to buy, and easy to maintain. 

One thing I did for the out of state properties was to fly out and spend a day with each provider exploring their operation, seeing their renovation process, talking to their property managers, etc.  I learned a lot, made face-to-face contacts so I know who I'm dealing with from AZ, and gained confidence that the providers were legitimate and competent.  (And had nice little mini-vacations expensed against my investment company as a bonus!)