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Updated 7 months ago on . Most recent reply

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Cesar Garcia
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couple of questions for those that self manage out of state investments...

Cesar Garcia
Posted

So I'm thinking of purchasing a house out of state since my hometown market doesn't make much sense to purchase in.  Anyhow for those of you that manager your out of state properties yourself, I have a few questions as to how you all handle it. 

1. When you purchase the house who picks up the keys after closing?

2. Who does the tenant hand the keys over to when they move out?

3. Who shows the property for you when its vacant?  

I probably have many other questions but these are the ones that I cant seem to resolve at the moment.  

Thank you in advance. 

  • Cesar Garcia
  • Most Popular Reply

    User Stats

    184
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    Evan Hopple
    • Real Estate Agent
    • Columbus OH
    365
    Votes |
    184
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    Evan Hopple
    • Real Estate Agent
    • Columbus OH
    Replied

    @Cesar Garcia

    You need a property manager on your first out of state deal, the savings aren't worth the risk. Invest in markets like Cleveland or Dayton where you can still cashflow with a PM in place

    business profile image
    Reafco

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