Managing properties that are in distant locations.

[Ajjai Chandra C.]

I have always wondered how investors manage their real estate business if they own properties in different parts of the country and they reside in a completely different part of the country.

For example, I live in San Francisco and the real estate market over here is very expensive. We're looking at average CAP rate of 5-6%. I feel like real estate markets in some other parts of the country have a better CAP rate average.

Ideally, I would like to invest in those markets. But I am not sure if I can live/work in SFO and manage my properties in other parts of the country.

So my question is, how do real estate professionals manage their properties especially if it is spread out around the country?