Do I need a PM for an out of state 4-plex?
Hi BP Members,
I'm in the process of acquiring my first rental property. I am purchasing a 4plex in the Phoenix area and live in Los Angeles. Tenants have been there for 3+ years. Do I need a full time property managent company or can I use a handyman on retainer to handle the small things that come up monthly?
I do plan on making trips at least twice a year to the property.
Thoughts?