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Updated about 5 years ago on . Most recent reply
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Vetting a PM team when you're out-of-state
I'm starting to build my team and I hear how important it is to find a good PM.
I'm going to purchase my first investment property. I'm in California and will be focusing in the Indy surrounding suburb area.
What tips and processes do you recommend for sourcing and vetting a property manager.
My gut is telling me that I need to find a PM before I lock in on a deal.
I don't have boots on the ground, so I'm looking for one that can be that honest person to be my eyes and ears (in addition to knowing the blocks well).
Any advice would be greatly appreciated.
Most Popular Reply
@Gilbert Chan you really need to get on a plane and visit Indianapolis and meet / interview your prospective team members in person. There are some really good people and others who will promise you the world over the phone or email but may not deliver. Showing up and showing them you are serious and not a tire kicker will make a difference on how things start out for you. More importantly, it'll give you some perspective on the city you want to invest in. Best of luck to you!