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Updated about 1 year ago,
how to find the right property manager for managing your property in another county.
I live in los angeles and have seen lots of videos on multi unit investing. But here in L.A., you've got to have deep pockets to put down a large lump just to break even as far as cashflow is concerned. My biggest concern is if i buy out of county or state multi-family prop, to get better cash flow, how do i keep from getting ripped off by the property management company i hire to manage property? They know i live out of state/county and could practically make up phony invoices for work that never happened. With no one to check their hand, how does one protect their investment in this situation? Any help would be appreciated. I have 2 properties now in La area but looking for better cash flow and less fraud in other areas not so expensive.