Success in Long Distance Investing in NOLA?
I'm looking for anyone with experience investing in the NOLA market, especially any long distance investors. I currently have a small portfolio of rental properties in VA which I manage remotely without a property manager, but NOLA is a much further from where I live and it wouldn't be realistic for me to self manage given the distance.
I love the area and eventually would love to move here full time, but I'm still at least 10 years away from that goal due to work. That said, I'd like to start building a portfolio now.
Does anyone here own any B/C property that is managed through a property manager? Have you had good luck with any particular management company? What has your tenant quality and vacancy been like lately?
I'm happy to hear any thoughts or suggestions. I'll be in NOLA for the next month and would happily buy you a coffee or beer if you want to sit down and share your experience with rentals here.