No, the decision should be based on deal economics rather than geographical distance. If the numbers don't support a management fee, the deal itself may be too slim.
While Google reviews can be helpful, Elizabeth recommends seeking referrals and word-of-mouth from other experienced investors in your local market or meetup groups.
Instead of just asking 'how much do you charge?', ask 'what does your fee cover?' to understand the level of service and processes included.
Operational efficiency, such as maintaining low vacancy and high rents, impacts your Net Operating Income (NOI), which directly affects your property's appraised value and mortgage qualification.
