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Updated over 1 year ago on . Most recent reply

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112
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112
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Brandon Morgan
112
Votes |
112
Posts

first time rental property. advice?

Brandon Morgan
Posted

hi all. I just bought my first investment property near Scranton. it was a pretty good deal compared to the prices I normally see in jersey. I bought a duplex, move in condition, Newley renovated. This is my first time investing in real estate and being a land lord. I live 2 hours away from the property. Anything I should keep in mind for managing a rental property out of state? any tips or advice is welcome and if anyone has any info on the Scranton area that would be great too. 

Most Popular Reply

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3,053
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Kevin Sobilo
  • Rental Property Investor
  • Hanover Twp, PA
3,259
Votes |
3,053
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Kevin Sobilo
  • Rental Property Investor
  • Hanover Twp, PA
Replied

@Brandon Morgan, most municipalities in this area have a rental ordinance that requires a local property manager. So, keep in mind that depending on how they enforce that you may need someone local when you have your units registered and inspected with the municipality. 

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