We purchased out-of-state rental properties through Rent to Retirement last year and I wanted to share a straightforward reflection on the experience so far.

From a process standpoint, the acquisition side was smooth. The team was responsive, and the property selection and closing process were organized. It did feel fairly turnkey from purchase through onboarding.

As part of the purchase, the properties also came with one year of property management included. However, the post-purchase experience ended up being more challenging than expected. Both units in the duplexes consistently had late rent issues, and ultimately both properties experienced tenant problems that led to evictions within the first year of ownership. While tenant issues and evictions are part of rental property ownership in general, the combination of ongoing late payments and eventual evictions had a meaningful impact on cash flow and performance.

The bigger takeaway for us has not been about any one company specifically, but about strategy. We underestimated the importance of being local and hands-on. Even with a “turnkey” model that included built-in property management, we learned that strong day-to-day oversight, tighter screening control, and the ability to respond quickly are critical factors in outcomes.

Our conclusion from this experience is simple: going forward, we will focus on properties we can manage ourselves locally. That level of control and proximity is something we now see as essential to how we invest.

Every investor’s situation is different, and this reflects our personal experience.