New out of state investor focusing on Pittsburgh!

[Sara Zelkovic]

Hi everyone,

My husband and I are new to real estate and focusing on out of state rentals in the Pittsburgh area - around Avalon, Bellevue, Lawrenceville, Squirrel Hill, Bloomfield. We have a great realtor and are currently interviewing property managers. We did put an offer on a duplex that unfortunately wasn't accepted but will be doing another round of viewings hopefully next month (we live in NY so a quick jaunt down to PA, where I grew up). We're focusing on MFH for LTR, but considering SFH if the price and ROI make sense.

Interested in learning as much as we can and connecting with others in PA, especially any advice on other areas we should consider besides the ones I mentioned above. 

Thanks! 

[Michael Garofalo]

@Sara Zelkovic congrats on getting started! Pittsburgh is an amazing city and fantastic market for residential buy-and-hold. I actually started purchasing multifamily in Pittsburgh about 7 years ago, and manage all of my units remotely from Washington DC (currently 32 in total). 

For what its worth, I interviewed over a dozen property managers and went through 3 of them over the course of almost 5 years before deciding I had had enough and made the switch to self-management. 

Happy to connect more offline if you would like more specifics. I can also give you my thoughts on specific neighborhoods (including the ones you mentioned) and answer any other questions you might have involving out-of-state ownership and management for properties in the city.