Buying Multi-unit properties out of state - Posted by Alexander, Bay Area

import · April 20, 2003, 2:24am

Posted by Alexander on April 20, 2003 at 12:15:00:

Any Advise?

Alexander.

import · April 20, 2003, 2:24am

Buying Multi-unit properties out of state - Posted by Alexander, Bay Area

Posted by Alexander, Bay Area on April 20, 2003 at 02:24:00:

Hello, fellow investors. I want to draw on your expertise.

I want to buy multi-unit property out of state.

If you owned a building out of state for at least 1 year, please share the following:

How do you manage the building? Do you hire a management company? How do you choose one?
What choices do I have in managing the property?
What has been your experience with the property?
What pointers would you give me in my process of selecting the right property?

I greatly appreciate your feedback,

Alexander.

import · April 21, 2003, 12:17pm

Re: Buying Multi-unit properties out of state - Posted by Mark (SDCA)

Posted by Mark (SDCA) on April 21, 2003 at 12:17:52:

My one comment is: It’s tough. You must have someone good on the ground ie on site to manage it for you. A management company is one option but I would MUCH prefer someone onsite.

How many units is the property? That can help with the decision…

Mark