Trust but verify when Out-of-State investing!

[Michael Henry]

When starting out it is very hard to find good help. You might ask for a referral from someone in the business for a property management company, constructor, and handyman.  Your trust in this business might increase because it comes from a reliable source. Stop; your trust factor shouldn't change based on where the referral comes from. You should use the same verification process and checks and balances. Here are a few that I use: 

1. I hire additional eyes and ears. This can be any third party that will not gain from the transaction. This person's job is to make sure things are done that suppose to and done correctly.  They don't need to be an expert, they just need some general knowledge of the way things should be.  

2. When selecting a property management company ask for a past client that changed companies and a current client.  In this business, most of the time, past performance does predict future performance. 

3. When selecting a constructor or handyman, one of the things I look at is the vehicle they are driving. If it is a new vehicle they might be too expensive. If it is an old beat-up vehicle they might be unreliable. 

Reach out to me for more. 

Please add some of yours below.