Is flying out to meet a property manager vital?

Question

Quick question I was thinking to myself but I really wanted others opinions on the matter.

Currently I am team building out of state in the market I am planning to invest in, I know of course flying out to meet brokers is a must but, is this also true for property managers? Not entirely sure if flying out specifically for property managers would be too much assuming one can successfully interview management firms over the phone with a call or two rather than needing to in person.

Is it wise to fly out to meet with potential property managers for just as you would to meet with brokers? Or phone interview them and meet with the one you have chosen when you're in the area?

Thanks in advance everyone!

Chris Tracy · Answer

Keep in mind... it's a 2 way street.  You're not always merely interviewing PMs, but more importantly you're building a relationship.  PMs can be a very valuable resource for you for a variety of reasons, not to mention they can also be a potential deal source for you!  Everybody and their brother is hunting for apartments right now... you have to find ways of separating yourself and getting face to face with people is a great way to accomplish that.

Ryan McGlasson · Answer

@Chris Tracy Thanks for the reply. Of course! They also need to see I am a fit for them and vice versa.      I agree, I was thinking it would be a wise decision especially with brokers but as you pointed out it would be a good idea to separate myself with a property manager too because of the possibility of another deal source. I appreciate the help.