All Forum Posts by: Kerlous Tadres

Hi!

We’re planning to rent our home when we move—but we know we will be moving out of state. 

Question is:

Self manage out of state? 

OR 

Hire property manager and eat the costs until you have cash flow coming in? 

What’s the major perks in your opinion of having a property manager? Are they worth the costs? 

Share your stories! And if you are a property manager company in Orlando, Fl, would love to chat. 

With gratitude, 
Juliette 

Hi everyone! My name is Valerie, I live in the Bay Area, CA. I am looking to invest out of state into small multi family and would like to build relationships with mentors and investors alike. I welcome inputs and feedbacks. I look forward to adding value to you, your business & your team.

I look forward to creating a stellar team! I'm looking to invest in KCMO/ KCKS, OH, ID. Hope we can connect! Cheers!

Looking to connect with a friendly agent that knows the Ohio market well. Looking to invest in MFH And SFH .

I bought a rental duplex in Lakewood, Ohio for 250k back in 2021 when I was living in Cleveland. I now live back in New York so I'm using a property manager to handle the rental. Since then it seems like my property has appreciated almost 100k. This is my only rental property.

I'm contemplating selling the property and taking my profit for a few reasons, but one most of all.

I would say my property is in average, a bit above average condition, but certain things are a bit dry or dated, no central A/C for example. For the moment, it's good enough that the home value and rent value continue to increase with everything else in Lakewood, but is this the peak? I'm sure values overall will continue to rise, but for a 102 year old house will mine start to plateau? The newer more renovated houses will continue to rise but I feel at some point mine will appear as an old dated house that somebody looks at and will want as a cheaper place to fix up and renovate.

Other than this, I don't really enjoy the out-of-state investor aspect of relying on a property manager when this was always a hands on investment for me until I moved away. I could use this capital on a new investment that I could be more hands on with, and it nerves me to think about major renovations or fixes through a property manager that are bound to be needed on a house of this age.

I'm just wondering if I'm overthinking it and silly to sell out on a cash-flowing property in a growing neighborhood at a 3% interest rate.

Thanks for your thoughts and inputs.

I am a new agent with no investment portfolio but am very excited to learn what's needed in order to grow my investment community to build generational wealth and a financial freedom my family will be able to use for a lifetime. I am in the Tampa Bay Florida area and look forward to meeting, working and learning from those who are willing to share your knowledge.

Am totally new to investing, but every training session i read or listen to, says to start in your back yard.  Am in queens, NY is not landlord friendly.  Since this is new to me should I still consider NY like bklyn and queens or should I just stay away?  If yes to invest in NY, what would be the recommendation criteria that I can implement to protect me to some degree.

 He seems to be looking to invest in Canada.  Columbus, OH is an incredible market though!  My team and I are actively looking there, and going into contract on a multifamily property today.  What submarkets do you cover in Cbus?