National Property Manager vs. Local Presence

[Mark Butler]

Just out of curiosity, as I consider entering the real estate market with ambitions of developing a geographically diversified "buy and hold" rental portfolio over the upcoming years, I would be curious to know if people would recommend looking at local property managers or if there are property managers that have a nationwide presence.

For instance, say I start with a house in Dallas. If I know that someday I'll want to invest outside of the Dallas area and into other states, would it make sense from an organizational standpoint to have all my properties managed by a national portfolio manager? 

Also just to clarify, I don't know if companies with this type of breadth exist, but would be surprised if they didn't.

Thank you!