Updated about 4 years ago on . Most recent reply
Out of State Landlord in California
Hi there, is it wise to live in another state but have a property in CA? Or more headache than its worth? I live in CA now but plan to move out of the state soon. I am wondering if it would be wise to get into a property now, spruce it up, and then rent it out with a goal of having a long-term investment and also maybe having a place to stay at when I visit. Thanks!
Most Popular Reply
Justin
Is this a property you live in or already rent out. If you currently live in it and it is in an area that is appreciating, you can make sure that it is rent ready: that the rent will support your costs: and bet a good local property manager. Since you may want to stay there while you visit, are you thinking of it as an Air B&B, that has a different criteria.
I am a buy and hold person. We have SF, MF and small apartments and almost all of them are out of state. It is definitely doable but a great Property Manager is really important.