All Forum Posts by: Matt Lopez

@Christopher M weger that’s a smart way to look at it. Thanks!

@Charles Carillo thanks Charles! Great answer indeed.

When looking for a rental property to purchase, what is the minimum number of fortune 1000/500 companies that would make you feel confident in the area? Is there a minimum?

@Doran Summers thanks Doran!

@Erica Larence thanks Erica!

@Ryan Howell that’s a really great way to look at it. Thanks, Ryan! I guess my only concern is that the PM may try and make a bigger problem out of something small just to pull cash from me. How can I ensure that suggested repairs and other expenses are legitimate?

@Mike McCarthy thanks for the response, Mike. How would you go about getting a potential property manager? Aside from public reviews, what else should I look out for?

@Will Fraser thanks for the reply Will! I appreciate you lending your insight. In your opinion, what would be the most difficult task i would encounter if I decided to manage the property?

I am interested in investing in out of state rental property and had a question on finding a lender. Am I required to find a lender in the state I’d like to invest in or am I able to use a local lender? Anyone familiar with the pros and cons of each?

Is it absolutely necessary to hire a property manager when owning long-distance rental properties? I’m concerned they would not always have mine and my wallet’s best interest at heart.

I plan to purchase my first rental property in the coming months and could use some advice. Thanks!