New potential investor from NJ
Good morning, I am a new member looking to start investing in RE. Looking to purchase a home in PA to rent. I currently live in NJ about 10 minutes away from PA. I had a question if I purchase a home in PA for the sole purpose of renting can I self manage it? I am looking at properties about 10-15 minutes away from where I currently reside in NJ. But some realtors from NJ are telling me that I may not be able to self manage a property since I reside in another state. Any insight into this would be great.
Most Popular Reply
Any owner can self manage their own property under state law. some municipalities do have restrictions that the manager must live within a certain milage from the property often 25 to 35 miles.