DOs and DON'Ts of long distance rental investing

[Julie A.]

The financials of buying rentals don't tend to work out in California (San Jose area). I think long distance investing is my best bet. If you disagree with this, please chime in and tell me why. :)

If you're a long distance investor, what are the DOs and DON'Ts that you've learned along the way? How did you get started?

[Wesley I.]

@Julie A.

My first one is OOS in Houston Texas. I bought during the pandemic when eviction moratoriums were in effect, I chose the state because its business friendly.

Due diligence of rental laws, rent price, school districts, crime stats, population, natural hazards (e.g. flooding, hurricanes), property tax rates of your market is key. I did these by reading online forums and talking to people who have been in the area. This should help you narrow your zip codes.

Dont skip your property inspection and would advise to scope the sewer.

Get a good property manager. Interview at least 3-4

Best of luck!