Hello from a NorCal newbie

[Jonathan White]

Hello from another newb. Here to learn and network. I've been working a job I love for the past 18 years. Finally realized at 46 that my little IRA isn't going to cut it come retirement. Read the popular "2 Dads" book and got the spark. That spark has grown to a flame since being introduced to BP.
I’m excited to learn from any of you that are getting your start in this ridiculous Bay Area market. Is it possible?

[Leah Stuever]

There are many different ways of doing it. We managed our own rentals from out of state. Did a drive by once a year when we flew out (tax write off trip). Paid a real estate agent to find new renters when needed but other than that managed everything. It was not difficult really. 

You can also pay a property manager. It is 8-10% of the monthly rent. So calculate that into your numbers. But then it is really 90% hands off. I would recommend checking on the property in some way regularly. Or paying a home inspector every few years to make sure everything is good and catch and big problems before they happen. 

It really is all about finding a good agent in another state and a good property management company