Concerned about living so far away from your investment property?
Posted by Allison Simson on Thursday, July 31, 2008 at 12:00 AM
By Allison Simson / July 31, 2008
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Question: We vacation in Summit County frequently and have thought on and off about purchasing property here. Our only concern is living so far away from investment property. Do you have any comments?
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Answer: If you don’t live close to your investment property, finding good property management is one of the most important factors in your decision of where to purchase. You may choose to take an active role in some aspects of the management of your property if you so desire. At the same time, however, handling all of the details long-distance can be more time-consuming than it is worth.
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It is important when looking at investment condominiums to investigate the management procedures of the building. In most parts of the country, investment property becomes the primary residence of long-term tenants and is handled accordingly. The Summit County investment market is a unique situation in which property is rented by many different people for short term during the winter and summer seasons. Good condominium operation will be completely oriented to serving your specialized needs. There are many excellent property management companies in Summit county. Good management leaves you free to enjoy your property when you are here and will let you rest easy when you are back home.
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For answers to your real estate questions, call Allison at 970-468-6800. Email - [email protected]. Allison is a long time local in Summit County. Summit Real Estate – The Simson/Nenninger Team is located at the Dillon Ridge Marketplace. Allison’s long-time residency and years of real estate experience can help you make the most of any buying or selling situation. She’s a Certified Residential Specialist (CRS), the highest designation awarded to a Realtor in the residential sales field. Her philosophy is simple, whether buying or selling, she understands that the most important real estate transaction is yours.  Want to know the value of your Summit County property? Visit www.SummitHomeValue.com  Â
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