Best way to build out a team for rentals out of state?

[Greg Becker]

Sorry If thIs Is pretty basic, but I’m currently looking for a rental in the Midwest and am wondering some of the best strategies for building out a team (Property management, contractors, etc) while here in Portland, OR. Thanks!

[Matt K.]

The easy way

Banker (numbers are the eaisest thing to eval), ask for agent.

Agent should be able to confirm/validate what your already thinking. Ask questions you know the answer too, the agent should reply in a way that aligns with your thoughts (with out you telling them). Once you find one that understands what you're attempting and where...ask for PM. You're using the agent to be eyes and ears and have local knowledge/networked to push your deal through.

PM should be able to again confirm/validate the same info with addition of insight on renters. They should be able to tell you rents/teants/vacancy... Ask them for contractors.

Agent/PM will know contractors or they should. If they don't or are to expensive you can find a contractor on your own but this hard to do remotely. The good people are booked up and likely won't take new work unless refferals (or high prices). The bad ones talk a good game and will take money and make life terrible...