Investor · Hatboro, PA · Member since 2016 · 2k+ posts · 842 votes
14h
The farther away you are from a property, the more important it is to have people you trust on the ground. Pictures and updates only tell you so much.
That’s one reason I like passive investing. I invest through our Co-Investing Club, where we invest in different markets and rely on the operators and their teams to handle the day-to-day work.
You don’t have to personally be at the property, but you do need to trust the people who are. That makes a huge difference when you’re investing outside your own market.
Investor · Hatboro, PA · Member since 2016 · 2k+ posts · 842 votes
14h
The farther away you are from a property, the more important it is to have people you trust on the ground. Pictures and updates only tell you so much.
That’s one reason I like passive investing. I invest through our Co-Investing Club, where we invest in different markets and rely on the operators and their teams to handle the day-to-day work.
You don’t have to personally be at the property, but you do need to trust the people who are. That makes a huge difference when you’re investing outside your own market.
Property Manager · Keller, TX · Member since 2011 · 1k+ posts · 1k+ votes
9h
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100% agree. For remote investors, the key isn’t just having “boots on the ground”—it’s having someone local whose interests are aligned with yours.
We manage a lot of homes for out-of-state investors, and pictures rarely tell the whole story. You need someone who can verify the work, challenge an invoice when necessary, catch deferred maintenance early, and understand whether a repair actually makes financial sense.
A good local property manager should be your eyes and ears, but also think like an investor. The cost of good oversight is usually a lot less than the cost of finding out six months later that something wasn’t done correctly.