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Updated almost 3 years ago,
New Investment - Out-of-state Investing
Hi BP Family -
I recently bought a multi-family (duplex) in Columbus, OH. I will be closing on the deal next week. As I put on the 'Landlord' hat, I want to reach out to y'all to get your advice/suggestions. Appreciate it if you all can shed some light on the topics below.
> Property insurance and protection - important coverage and $ limits. I want to know I am not missing anything so please suggest your 'make-sure/must have'
> Property Management - how to pick the right one? What are some of the do's and don'ts and things to make sure of while signing the contract? (open for a recommendation)
> Monitoring - what are some of the ways I can keep an eye on the property? (I can only think of security cameras)
> General - open advice from your experience that might help systemize the ownership and operation of the out-of-state investment.
Thanks,
Manan