Long-Distance Landlords: Occasional visit or totally hands off?

[Cassie Wright, Jr.]

I'm halfway through David Greene's book, Long-Distance Real Estate Investing, so perhaps the answer lies in the pages I have left. But I'd like to know some opinions from BP investors as well. What is your threshold for needing to visit an out-of-state property, vs. being totally hands-off and never visiting the property? What factors come into play when deciding whether or not an onsite visit is needed?

Thanks for your insights.

-Cass

[Rodney T.]

I won’t speak past my experience which is limited but as I’ve been listening to the BP podcast (Just got to #20 of like 450 lol) there’s been discussion about the importance of checking on and training your PM from out of state to do somewhat regular drop in visits with tenants to make sure the property isn’t being vandalized or neglected. This is your investment and no one is going to care about it more than you. I would err on the side of being more hands on. My 2 cents