Remote Investing

What is Remote Investing?

Remote investing is a simple real estate strategy that allows you to invest in strong markets across the U.S. This essentially means you own income properties within those markets and work with a partner or partners to oversee all the day-to-day management.

By investing remotely, you’ll be able to access markets that better fit your investment goals. This means you could specifically choose markets that are inline with your needs, investment capital, and timeline.

Is remote investing in Detroit right for you?

Almost half of the households in Detroit rent, rather than own. And, according to the Detroit Chamber of Commerce State of the region report:

Although the population of Detroit has been slightly declining, the city is seeing an influx of millennials. As the Detroit Chamber reports, over the last decade metro Detroit saw the second highest growth among peer cities for populations between the ages of 24 and 35.

Read the full report HERE.

The key to a successful investment is conducting thorough due diligence on the type of property you're seeking to purchase and the relative market. Be sure to have local experts (that’s us!) you can rely on for assistance, such as a contractor, real estate agent, property manager, engineer, or attorney. 

If you have the right partners, you have little to worry about. Knowing that someone will be there to handle a broken garbage disposal in the middle of a weekend, collect the rent, or handle any other tenant issues, can make remote investing easier. 

The traditional way of owning income property has almost always been to purchase properties close to where you live. Breaking that norm presents some investors with the fear of the unknown and the challenge of how to manage your real estate when you don’t live close by.

Palladium Property Management has an innovative way to help you remotely invest in residential real estate, by taking care of everything from start- to-finish. This includes all of the research and analysis to find quality properties, handling all the paperwork during the acquisition phase, and managing the property, including finding tenants and collecting rent.