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Updated over 3 years ago,
What kinds of questions when building your RE team?
Hello everyone!
Newbie aspiring rental investor here. I've done some basic self-education on residual properties, stuff about the kind of team you should put together for yourself.
Correct me if I'm wrong but I'm under the impression that we first want to connect with real estate agents, property managers, eventually loan brokers and contractors as well. Since I'm starting from scratch, I'd assume I'd start with RE agents and property managers.
I'm wondering: what kinds of questions should I ask to really assess the people's experience or fit? Of course, there's the usual chemistry and personality matching as well - I'm quite technical and love asking lots of questions so obviously someone who supports that would be ideal. But beyond that, what questions do you find really useful in your own search?
I'm based in Los Angeles, looking into residual (ideally 4-plexes) probably starting with properties in NV, TX, and FL but am open to other states provided the numbers line up. Eventually, I'd like to purchase property in LA but want to build in other markets first. Any advice on approaching this is appreciated as well.
Thanks in advance :)