[quote=zk]Thanks for the input, Jazzman. I really appreciate it.
[quote=Jazzman]If you are going to use a property manager, then why limit your search to local where homes are generally more expensive in relation to rents. I currently have six rentals scattered thousands of miles apart,[/quote]
I’ve heard Las Vegas and Phoenix are good markets to buy and hold right now. I guess there’s no reason I couldn’t do that. Are those markets that much better than San Bernardino/Riverside counties? I don’t know. Is finding and buying them harder from a long distance (Phoenix) than from a medium distance (San Bernardino)? I guess you’d have to have an agent you really trusted to do that. Right? Or is there another way?
[quote=Jazzman]
and have been a landlord for 25 years. It’s all about the numbers, and rule number one is never believe them at first glance.
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What are some of the common surprises that you encounter?
[quote=Jazzman]
Second, finding a reputable property manager is key, so you might want to start there.
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Do you (or does anybody here) know a good one in SB or Riverside counties, Phoenix or Vegas?
[quote=Jazzman]
There’s a few operations out there that sell turn key, fully managed, already rented former REOs, with acceptable returns.
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I image you’d pay a premium for that. But it might be worth checking out. Do you know where I could find such operations?[/quote]
Question: for someone starting out renting property, is it advisable to do an out-of-area rental, even if you have a property manager? Serious question….I mean a lot of this is about experience, right? Is it feasible to learn when something is in another state managed by another person?
