first time rental property. advice?
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.
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@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.