Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

4
Posts
0
Votes
Jason Pi
  • Weehawken, NJ
0
Votes |
4
Posts

Out of state brrrr. How can I oversee the renovation process?

Jason Pi
  • Weehawken, NJ
Posted

Hello BP investors,

I am living in the NYC area and the price and tax here is insane for rental properties. I started to look for out of state opportunities. At first, I was trying to find turnkey providers but found out that the rent to price ratio is too low to make meaningful return. Therefore, I tried to reach out to some real estate agent and property management company to find some discount deals. Right now I am planning to buy a property that would require approximately 20k for renovation. However, I am not sure how I could oversee the renovation process and check the quality of the work. Shall I ask property management company to do that? My agent said she could oversee the process but will need to charge 10% of the total expenditure of the renovation for that. I think I am ok with the extra fee but want to get some advice from the BP community. Thank you in advance.

Loading replies...