Who has the keys during rehab for remote investors?

[Eric Kuo]

Hi to all remote investors. So after closing, do you hand the keys to the general contractor who will be handling the rehab, or how do you manage? Thank you in advance for answering!

[David M.]

@Daniel Shuler

When you are investing OOS, I should think you need some person to be your “boots on the ground” or “gopher.” I don’t think it’s necessarily glossed over as much as it’s part of putting your “team” together. In reality, anyone on your team (eg realtor, GC, pm, your painter, a friend or relative in the area, whomever) can help you with these little things. That’s a big obstacle for me personally doing oos. You need somebody that you can trust and rely on to help get all the little things done, and not be just some “hire.”

My two cents on the matter.