You Have 24 Hours In A Potential Market. How to Use them Wisely.

As remote real estate investors, choosing a new market can be quite the process. Today we run the thought experiment on how we would spend our time if we only had 24 hours in a potential new market to research, analyze and assess the city. --- Transcript   Before we jump into the episode, here's a quick disclaimer about our content. The remote real estate investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Tom: Greetings, and welcome to the remote real estate investor. On this episode, we're going to be talking about not being a remote investor temporarily and visiting the city. So the premise of this episode is going to be you have 24 hours to spend in a city that you're considering investing. What are you going to do? All right, let's do it.   Alright, so we have a fun episode today. But before we get into it, my name is Tom Schneider. And I am joined by   Emil: Emil Shour   Michael: and Michael Albaum.   Tom: This episode is a fun episode. We are remote real estate investors. But we're going to take a look, sometimes it's you know, worth the exercise to check out a market that you're evaluating. And we're going to talk about how we would spend that time if we were choosing to go jump into a market and look at things.   So we have 24 hours is the rule of this episode. And we're going to talk about how we would spend that. So let's see what Emil, why don't you go ahead and lead us off in this conversation. And again, this is 24 hours to go visit a market. What are you going to do?   Emil: Alright, so first thing I'm doing is meeting with the various people of my team, primarily property manager. So I think the premise here, Tom is I have not invested in this city before, right? So I'm a new investor, considering the city and I'm going to check it out, right? Or have I already invested here.   Tom: That's right.   Emil: And now I'm going to visit it,   Tom: I'm dealer's choice for your case, we're going to have it so you are already invested. And for Michael, he is evaluating investing. So we're going to mix it up a little bit, and I gotta be omnipotent, and get to just kind of jump in and out wherever I want. So, okay.   Emil: All right.   Michael: Like it throws zingers in there.   Tom: Exactly, yes.   Emil: All right. So I actually had plans to go visit. So I've mentioned before I invest in St. Louis, I was planning on going to visit St. Louis, and then COVID hit and that's filled all those plans still on my to do list. But here's kind of my checklist of things to do when I go there. So I have a property manager that I like out there. But I would go and obviously meet face to face with my property manager always good to do you know, so far, it's only been talking on the phone and on zoom or whatever. But I want to get to know them meet the people on their team just put a face behind all the names. So that's, that's one of the things I'm doing.   I would also honestly, probably meet with one or two other property managers just to meet them. You know, we've talked about in the past, you know,   Tom: You sneaky dog Emil!   Emil: I just I know, I know, time and I'm just kidding. That's that is smart to do. Here's the thing, I'm not there all  the time. And we've talked about in the past, things happen with property managers, sometimes things work out, sometimes they don't, I'd rather be over prepared. I'm not going to switch obviously, because I like my property manager. It's not about that. It's a matter of just going and doing some extra research and talking to people in case that scenario plays out in the future. So I'm gonna go talk to maybe one or two other property managers that were on my list. Th