All Forum Posts by: Davartay Miller

Simple answer! 

Hire a property manager or sell the properties. Point blank period. 

If you want to reduce the stress, sleep at night, and only wake up to great communication and deposits hire a property manager. 

If you want 100% guarantee that nothing would go wrong – sell the properties. Real estate investments requires risk but you can manage the risk wit the proper systems in place. Property Management was designed to do just that – manage properties by having systems in place. You have to interview companies to see if their services suits your needs. If not, no worries and on to the next interview. You must ask the right questions in your interviews. With the correct team, right systems in place, proof in the pudding, and data to bag it up…… the company that have these qualifications would be more likely to ease your pain.  Please do not hesitate to reach out if I can ever assist you.

Best of Luck! 

I would definitely say out of state investments are totally fine under one condition. Investors like you MUST have an excellent property management team behind you. It’s a MUST. You want a property manager that can communicate and one that you can trust! 

Respectfully, 

Typically 10%

Most importantly, compare apples to apples and not apples to oranges. Comparing apples to apples means comparing things that can reasonably be compared, while the phrase apples to oranges often is used to represent a comparison that is unreasonable or perhaps impossible.

Respectfully,

Hey Joe!

Please feel free to check out this Roofstock article: https://learn.roofstock.com/bl...

Best of Luck, 

@Martin Raucher

Communication, communication, communication! Martin, you want a team that doesn’t just call you when things have already gone south. I do not have any recommendations in the area but would definitely tell you reviews matter. Reach out to others and see what their experience was or is like.

Best of Luck!

@Elias Kaplan

Thanks for you post and welcome to BiggerPockets! 

I am not familiar with the two areas that you are looking into but I would recommend calling Brokers, Realtors, and even Property Managers. Essentially, you are wanting to get a feeling of the area from a distance before even visiting. I think you are on the right path but only you would know what you would be comfortable with – investing wise. Please remain focus! I know how it is to invest, work, continue education, and etc all while trying to move into other markets. 

Best of Luck! 

@Justin Moy

I agree with @Jeffrey Donis
Word of mouth are most times solid because you are getting the information, reviews, and communication point of view – directly from the source. 

Best of Luck, 

@Jayden Hamilton

First, I would like to say keep grinding! Keeping getting after it. I remembered being a husband, father, investor, and getting my master’s all at once and not knowing how to balance it all. But guess what? It’s life! You will get the hang of it. Like you — others didn’t see my vision — and that’s okay. What you have to do is have the “excuse me you are in my way” mentality. What does that mean? It’s simple. If they can’t see my vision, aren’t helping you get there, not willing to help you continue your education in whatever the matter is and have excuses - they are simply in the way!

As a real estate investor, you shouldn't have to worry about a leaky faucet, residential disputes, or any other emergency that may arise at one of your rental properties.

You want an excellent property management team behind you. You want to ensure that the experience is professional and stress-free for you and your residents.

Investing with a property management team is not just about choosing a company. It's about choosing an experience. You want an excellent customer service team bagging you up, a standard keeping an open line of communication between investors, residents, and property managers. Monthly updates, in-house professionals, and exceptional customer responsiveness are all part of the process.

Best of Luck,

Pete, 

I am not in the desired area but just wanted to let you know BiggerPockets is a great source and could help your business tremendously. As you may or may not already know property management is not an easy task but one that is also rewarding when you get great customer service reviews and learn from prior mistakes. 

Best of Luck! 

Matthew, 

Thanks for your kind words! I am so glad our team and I could help you transition your new purchased property – under management. As Chris mentioned, we are striving for excellence. We are focusing on the little things, that do not matter to most, making sure our clients can all have this exact experience. It brings us joy to know that we have the right systems, the right team, and the right processes in place to create such an experience. Please do not hesitate to reach out to us if we can be of any assistance. I would like to reiterate our appreciation for such a review/ 

Best of Luck!