Investing in a rental property can be daunting, especially when you live in another country!
Jack, who has lived and worked in China for the last four years as a government defense contractor, started thinking about purchasing a home in Waldorf Maryland for his eventual return back to MD and Andrews AFB.
“Very early on in my thinking I thought I’d buy a house for the investment and just let it sit for a few years until I returned,” Jack said, “but then I considered buying a home to rent out.”
He reached out to Ryan Vertucci, who is the owner of Real Property Management Gold in Lexington Park, Maryland. Jack was impressed with Ryan’s reputation with local investors around the PAX River Naval Air Station so he trusted his advice and decided to purchase a home as a rental property investment.
“Ryan led me to his Real Property Management Waldorf website which had all the information I was looking for. The site even had a few videos to help explain the way things work.
“The whole process to purchase a home and turn it into a rental only took about a month, all via email, e-signatures and wire transfers,” Jack said.
“At first I thought Real Property Management would be good for answering the resident’s maintenance calls and collecting the rent, but I soon found out that they took care of everything, from marketing the house to screening applicants and making rental contracts. They really took care of everything from the moment I signed the management agreement.”
And Real Property Management makes owning a rental easy for Jack, which is essential because of his location overseas. “I really like all the communication and reports I receive via email and my owner portal. I know when rent payments are made and a lot of other things,” Jack said.
Jack is very pleased with his decision to invest in a rental home.
“My brother owned a rental property and barely broke even after a four-year investment so I was really doubting myself,” Jack said. “Real Property Management found a tenant in just a couple of weeks and my investment was making money in less than a month. I wouldn’t have gone through with actually buying and renting a house without knowing about Real Property Management. By partnering with them I can be a landlord from overseas.”
Real Property Management frequently works with clients like Jack, assisting them in purchasing good investment properties then handling the management of the properties.