Investing Outside Your Area
New member here looking to get into the market currently in the research and planning process..
That being said, I am a 26 year old living in San Francisco not too keen on trying to get into the crazy market around here.
I went to school in Arizona and know there is lots of opportunity there. What advice do you have on paying the 10% to hire a PM company since I cannot manage myself? Half of me says do your research and hire a PM company you can trust (is there such thing?), the other half tells me I am crazy for even thinking of allowing anyone else to manage a property besides myself.
Excited for responses.
Thank You!
Most Popular Reply
I tried few PM companies and it is a ripoff to both landlords and tenants.
I live in south bay and remotely manage them. Atleast my tenants are happy and I accumulated frequent flyer miles (lol!). I gave PM margin as discount to my tenant, to minimize vacancies. Not sure how long it is going to work for me
Things may have changed and I am biased ofcourse.