You hired a PM so they can handle these types of issues.

@Steffany Boldrini As a lesson to other people hiring interior decorators online, can you please tell everyone what caution flags should have told you not to hire this person?

This is not the best way to invest in real estate as you lose out on principal pay down but it gets you instant income that you can make mostly passive by hiring out the property management.

@Wesley Sherow would love to learn about your PM-co as I’m looking to buy-and-hold in Capital Region.I’d be curious to hear y’all thoughts on the Amazon/Regeneron hiring impact.

Unless you have time, desire and knowledge, hiring a property manager sounds like the right option.

Your account structure depends on your goals for growth and if you plan to self-manage or hire a PM.

What I personally do is I will hire a local Civil engineer who has done subdivisions in the jurisdiction and I will pay them up front for a detailed feasibility study.

It is important that you hire professionals who have experience working with foreign investors.

@Venka Pulla Many smaller PMCs are unprofessional, they can also be vindictive.So, suggest you get all the info you can from your Owner Portal before terminating them.Also, hire a new PMC BEFORE terminating the current PMC.Then, terminate and work closely with the new PMC to get tenant payments switched over and whatever documentation is missing.Hopefully, you'll screen for a new PMC better than you did to pick the current one!

They sounded very promising and seem like they was right for the job, so we hired them to do our 2022 tax and to help do our tax planning for 2023.