Out of state investors looking at Kansas city

[Jonathan Popoalii]

When investing OOS do you travel to the property or find reliable boots on the ground? Do you inspections or trust the person you are working with on deal?

[James Carollo]

@Jonathan Popoalii As a GC that has been often hired by out of state investors to “pick up the pieces” left from being taken advantage of by “turn key” providers-You should not only travel to the area but vet all aspects of the company wanting to sell you their services. Many excell at one area like finding properties but leave you completely in the dust with their lack of property managing skills. Have an attorney read their contract. Scour the internet for reviews (much overhead goes into hiding them these days.) Find other investors who have had their properties for over a year. I don’t say this to deter you. Kansas City is an amazing place to hold real estate but because of that there are predatory practices dominant in the industry. Remember-get a good property manager. If they offer turn-key then great. Don’t do it the other way around. Management and maintenance are the hard part.