If you jointly own it as a rentalwho will manage the property for everyone?

Even if you have a good framework, it's much harder to manage virtually and stay on track.

My wife and I moved down to Central Florida from Hamburg just over 5 years ago and are running our own brokerage and property management company. 

If your goal is passive income, it's not going to be in New Jersey when you factor in cost to purchase, management costs, and rent to price ratio, but what you can get is steady appreciation.

Hi Everyone, I'm Matt the Managing Partner here at TrueBooks.

Would love to hear your thoughts on whether pursuing this adjustment makes sense or if I should reconsider.For reference, I’ve included the following assumptions in my calculations:5% for maintenance3.5% for vacancy10% for capital expenditures and management feesThanks! 

Build a local team of real estate agents, property managers, and CPAs to navigate local laws and manage your property.

Do you have experience managing renovations if needed? 

I'm tempted to do what many have said which is to just use a debit card, but I get 2% back on a CC, which is not insignificant when managing dozens of vendors, and I really hate to change a process that's working because the software I chose is lacking a basic feature.  

Hi Kyle, I would recommend chatting with a property manager in the specific city of Ohio you're looking to buy in.