First time investor
Hey BP Forum,
I'm buying my first investment property and it'll be out of state in Kansas City. I'm nervous about managing the properties myself, but I'd really love to gain that knowledge/experience and take on that roll. What tools are we using as out of state investors? Any and all advice is welcome!
Most Popular Reply
First thing I’d do is lean on the agent helping you purchase the property. Since you’re buying out of state, they should have a solid network of property managers, contractors, and handymen in the area. That’s usually the best starting point.
I’d also join local Facebook groups in that specific city or neighborhood and ask for recommendations of GC's, handyman, hvac and more... You’ll start to notice the same names getting tagged over and over—those are typically the people worth paying attention to.
From there, always call and interview a few options. Ask questions, get a feel for how they communicate, and trust your gut. The right team on the ground will make a huge difference, especially managing from out of state.