Knowing who to partner with as a new real estate investor isn’t easy. As an owner-investor, due diligence rests on your shoulders from the beginning. To be a passive investor, you must first find the right property management company. The quality and integrity of their business will guide your success.

Now, there are many elements to vetting a management company – looking at their public information, reviewing their quarterly and annual reports, and soliciting reviews from other investors. But perhaps the most critical step for a new investor is asking questions.

Investing out-of-state can be a nerve-wracking experience for the uninitiated. We’re worried enough about buying properties that we can see and visit – what about the real estate from afar?

Why Use Remote Property Management? There are many reasons but the biggest may be the advent of technology that can help an investor know the exact status of their property from 5,000 miles away.  Generally speaking, technology takes many forms. Technology, like water, fills whatever container it finds itself in. Recently, technology has been placed in a new container known as remote property management. Remote property management is the use of technology, specifically the web and mobile devices, to track and manage investment property regardless of its geographic location.  Over the years, Premier Property Management of Memphis has been implementing technology to help not only investors but also tenants, contractors and field agents to stay connected with up-to-date an up-to-the-minute information.