I am looking to acquire a 2-family home in the Amsterdam, NY area and I am considering using a property manager so that this is truly a passive investment. Any recommendations, or warnings about which PM(s) to avoid?
There really is nothing truly passive in real estate when you are purchasing properties yourself. Yes, hiring a property manager will make the investment semi-passive but you will still need to be part of the management; even if it is mostly on the asset management side (managing the manager).
There really is nothing truly passive in real estate when you are purchasing properties yourself. Yes, hiring a property manager will make the investment semi-passive but you will still need to be part of the management; even if it is mostly on the asset management side (managing the manager).
Charles, you are absolutely right. I used "passive" too broadly. I would imagine frequent touch point calls with the PM.