I just purchased my first deal and plan to do the BRRR strategy. I and currently in the "Rehab" phase of the plan, and am trying to get all documents together so I am ready to rent as soon as the updates are complete. I'm planning to self-manage this property.
I received a “Rental Property Registration” application in the mail. I reside in Michigan (5 minutes from the Ohio border), and the application states that any property owners residing outside of Ohio must designate an “agent” for the property.
Does anyone know what kind of “agent” this needs to be? Are there companies that provide this service, or can I list my brother as an agent since he lives in Ohio even though he will have nothing to do with the property?
Start by looking up the definition of "agent." Not sure with Ohio. But on our Short Term Rental we needed a "local agent," the definition said it just needed to be someone within 30 miles of the property that would have a listed number in case of emergency. So in my case yes, but their stipulation of agent maybe different.