Hi Ori, I'm an out of state investor as well, based in the seattle area, with a portfolio of 9 properties across Memphis and Detroit.

A great PM will take 10% of your money every month, but they can also add value to your property depending on what they do and how they manage.

i am a reo broker here in south florida and work with many current asset managers and several banks. we sell many reo properties. some of those lists floating around out there are dead end streets as so many bomb bard the asset managers with requests they dont even reply 1

Purchase price: $360,000 Cash invested: $96,000 Purchased my first investment property in summer 2017 while living in SF, a new construction home intended as a long-term buy-and-hold.

You need a new property manager tomorrow.  1) They did a horrible job of screening tenants.

In an effort to bring ANY $ in to help cover the mortgage ($4600 including taxes and insurance), I put together an AirBnB site for the property and set it live, with zero expectation.

Hey Grantham, I know how crazy it can get managing properties remotely, especially during hurricane season!

Got in touch on a Thursday, visited the property on Friday and made an offer.

It is generally not recommended to have a S-Corp hold appreciating property such as real estate.

Just bought a property in cabarrus county and turned out the crawl space doesn’t just need a vapor barrier it needs to be incapsulated, with trenches a sump pump and an industrial dehumidifier.