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Updated almost 2 years ago on . Most recent reply

Building a "Core Four" in Cincinnati/General Ohio from out of state; where to start?
Hi yall from Texas! This question specifically applies to Ohio but it can apply anywhere: HOW do you build an out of state Core Four?
I've recently been looking at some out of market deals which is a new process for me. I've generally lived in any region where I have bought the property or have family in the area who gave me referrals to build out my team.
The cities I'm living in have become increasingly high cost and I am now looking at Ohio as a place to invest in, particularly in Cincinnati
Does anyone have recommendations on how to vet your potential team from out of state?
Most Popular Reply

You have to spend time at the property and build relationships. It takes time. I think that it also helps for your PM, contractor/handyman, and the rest of your team to see you working on your property. There is a bit of a judgmental obstacle to clear if your an out of state owner...the "this rich jacka$$ from TX" that we can overcharge - he won't know or care. It's a different feel if they see you ripping up carpet, painting, swapping out cabinets, etc.
I know that it's not as popular to say that, but you have to earn their respect, trust, and friendship to get a solid team at a distance. There's, generally speaking, no easy or quick way to do that with a contractor, plumber, electrician, or handyman.
It's different story for a realtor or lender - those folks are easy come, easy go (sorry to the lenders and realtors out there). You can find a replacement pretty quickly and easily. It's harder to replace a handyman or contractor that does good work (and prioritizes your work) for a fair price.