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How to Remotely Manage a Home Renovation When Investing Out-of-State

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Real Estate Rookie

Investing outofstate may require a home renovation every so often. Unfortunately, not every home you buy longdistance will be a perfect turnkey rental upon acquisition, so it’s almost necessary to know how to plan a renovation remotely. Remote renovations may send shivers up your spine at first (how will you know if the grouting looks good!?), and Soli Cayetano felt the same way on her first outofstate investment renovation.

Soli was so keen on learning a bit about the renovation herself, that she flew to Cincinnati to do some painting, grouting, and remodeling with her own two hands. It took a long time to do even the most basic work, prompting her to start building her home renovation dream team that could take care of basic rehabs when she was 2,500 miles away. Now, she’s completed numerous rehabs, some with very few hiccups, thanks to proper planning!

Soli has three big tips for any aspiring outofstate real estate investor who wants to buy BRRRR, flip, or remodelandrent properties. These three tips can not only save you tens of thousands during your remodel, but they may also help speed up your timeline so you can start collecting rent faster!

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Join BiggerPockets for FREE
https://www.biggerpockets.com/signup?...
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Find Trusted Home Improvement Pros:
https://www.biggerpockets.com/contrac...
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Build an OutofState Investing Empire w/ The "Core 4":
   • Build an OutofState Investing Empir...  
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Grab Your Copy of “LongDistance Real Estate Investing”:
https://store.biggerpockets.com/produ...
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Grab “The Book on Estimating Rehab Costs”:
https://store.biggerpockets.com/produ...
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How to Manage an OutofState Rehab:
https://www.biggerpockets.com/blog/re...
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Struggling to Find a Stellar Contractor? Try These 9 Pro Tips:
https://www.biggerpockets.com/blog/fi...
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Connect with Soli on BiggerPockets:
https://www.biggerpockets.com/users/s...
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Follow Along Soli’s Journey:
https://www.lattesandleases.com/
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Follow Soli on Instagram:
@lattes.and.leases or   / lattes.and.leases  


1:52 1. Build a Clear Scope of Work (SOW)
2:30 2. Perfect Your Timeline and Payment Schedule
3:26 3. Have a ThirdParty Walkthrough
4:42 Where to Find Contractors
6:03 You're Ready to Renovate!

posted by notGaxtrounty2e