1st time remotely managing rental property-Hampden township PA
Hello everyone,
I am very interested to invest in a property in Hampden township, PA but soon will be moving out of the area. Details of the property.
1. 2 units: Main and a lower level basement converted into a another unit.
2. Gas: heat and electric
3. CV school district
I have read a lot on bigger pockets and learnt from podcasts on remotely managing rental properties. Also this will be my 1st time being a home owner if this investment goes through. My main questions to the folks out here are as follows.
Question 1: Since I might move out within a year or 2, I am trying to understand what risks do I have managing it remotely as a rental property in this particular area.
Question 2: The rental demand in this area? I believe this area has good chances of renting out due to CV school district and everything nearby but I don't have a 1st hand experience of how actually the demand is? Ideally I would like to rent out to families for both units.
It will be very helpful if I can get any suggestions and tips on these two questions AND other concerns too since I am a newbie in real estate investments. Thanks!!!