Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Real Estate Investing
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 over 2 years ago on . Most recent reply

User Stats

26
Posts
14
Votes
Jake Warren
  • New to Real Estate
14
Votes |
26
Posts

LTR multiple location advice

Jake Warren
  • New to Real Estate
Posted

hey bigger pockets looking for advice on when I find deals should I focus on keeping the properties in one area with one property management company? would it be a bad idea to have LTR OOS and also have them in Canada as that's where my primary residence is?

Most Popular Reply

User Stats

538
Posts
431
Votes
Bryan Blankenship
  • Investor
  • Cincinnati, OH
431
Votes |
538
Posts
Bryan Blankenship
  • Investor
  • Cincinnati, OH
Replied

Just like investing in the stock market, diversification hedges your risk.  Investing in different areas of Canada and the United States will hedge your risk to market downturns as long as you are buying the right way.

I personally have OOS clients that LOVE working with my team and I.  

Any market that you're interested in, there should be a quality provider in that area that you will need to vet so you can be confident about your goals being met.

As far as PM goes... if you find a management firm that consistently gets the job done and is 100% TRANSPARENT then it's probably best to maintain that relationship as they probably won't like you working with their competitors.  The latter is up to you though.  

We try to keep our clients in-house as much as we can but we would never force them to use us as PMs if they do buy properties through us.

I hope that helps sir! ðŸ™‚

Loading replies...