Q: We just got back from vacation. While we were away we saw a property that I think would be a great rental investment. What do you think? Caroline, Bogota, NJ A: Property management is a hands-on endeavor and is challenging enough when your property is located near you. Managing property far away is more challenging and real estate expenses often end up costing more than they would in your local area. This doesn’t mean you can’t handle owning properties in far away places, it just means it’s more precarious. When you are a long distance landlord, the success of your investment is more dependent on your property manager and local team of contractors and handymen on the ground than […]
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