Buying rentals a long way from where you live.


Would buying real estate rentals in an area from 1,000 to 2,000 miles from where you live be a very bad idea? If your parents lived in the area (talking Canada here) that would be a bonus as you could visit when you had to go do repairs, rent units, etc. However, would it be reasonable to have a rental company look after vacancies when you could not get there to take care of this or is this just a hassle? Owner would be semi-retired.

Any insights would be appreciated. Thanks in advance.

I don’t think it’s a bad idea… we own rentals that are about 1700 miles away from where we live. Good property management is a MUST (learned that the fun way)! I wouldn’t think of self managing from that distance.

If the numbers (including professional management fees) work and we can identify good management companies we don’t let the distance hold us back…


Agree with Sannyboy. A good managment company can make geographic proximity a non-issue.

Having your parents close is a great perk. They can do drive-bys and make sure the property mgr isnt slipping. Plus, trips to visit your parents could become partially tax deductible if you also meet with your property manager and/or inspect the property.


Thank you both for the information you provided. I appreciate it. :slight_smile: