Yes, this is definitely feasible. I know many people who use agents to manage properties from out of state.
When you are purchasing a property, you do not have to pay for the agent fee, it is paid for by the seller. When you eventually decide to lease it out, you will typically have to pay 5-10% of the rental price for 12 months.
Please feel free to contact me if you have any questions regarding purchasing or leasing out a property. I would be happy to provide you with a list of properties currently for sale.
I have helped tenants find rentals as well and both in Long Beach and Orange County when you are renting a home often there is a waiting list of tenants wanting to rent. So getting your rent and a qualified tenant has not been difficult. There are more tenants now out there who have lost their homes and are looking to rent. Sometimes, that may be the only glitch in their credit. So my owners and I decide if it is the right fit for us.
I would be happy to answer any other questions, and would appreciate your consideration.
Barbara Robbins-Olexa, Broker,
L B Brokerage
I hope this helps a little bit, very broad question so you are getting a very broad answer. If I can help and you need more specifics, please call.
Lesley Harris, Realtor
Cal Tex Properties
Let me know if you would like to meet and discuss.
John Zimmerman - RE/MAX Real Estate Specialists 562-706-1406.
CA DRE LIC # 01052025
Yes, that's very feasible. You won't pay any commission as a buyer -- that's paid for by the seller. When you decide to rent it out, the typical fee for property management is 7 percent.
You'll want to consider potential rents when determining whether a particular property will make sense to convert to a rental property. We can help you compare sales prices as well as evaluate future rental potential.
Please feel free to call or email if you'd like to discuss your plans in more detail. I can be reached at 562-896-2456 or Info@ShowMeHome.com.
Keller Williams Realty