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Updated almost 5 years ago,
Long Distance Investing: Do you a Property Manager for a condo?
Would really appreciate input from the community on this one. I'd like to invest in a couple condos in the Charlotte, NC market and for the most part the desired return is there until I incorporate property management costs. I'm investing from a distance (NYC) and I'm newish which is why I felt it would be smart to have a PM in the picture. My questions is, do I really need a long term property manager for a new condo or could I utilizes a PM/broker for the initial tenant screening/lease up process?