Are you getting a fair renovation price for non-local investor?

[Rachel Zhang]

Hi fellow out of state investors, 

Happy New Year! 

I just purchased 7 units in Cincinnati, OH multi units. and I am managing myself, for the purpose of knowing in depth about local  rental market and renovation cost etc. 

Got few bids , but suprised to find that price is higher than expected . Being out of state , how do i quilky know the local market  repair rate and manage renovation remotely. Any tips and experience to share will be greatly apprecaited! 

Thought about giving to management co. to handle , but 20% mark-up of  labor and materials will be a deal breaker and one month rent to pay for placing a tenant. 

Rachel