Chris Prefontaine bought a rental property two hours from his Ontario home and managed it himself by phone, hiring contractors for repairs. He argues you can replicate this anywhere: Florida, Alabama, Ohio. Master remote management and location stops mattering.
Started investing in, because I live in Ontario and I would list and started investing in a property that was 2 hours from my house. So I went, you know what? I figured out how to hire a contractor to go, or like, you know, even as a handyman to go fix stuff. I figured out it and I was self-managing that. And I went, if I can do that 2 hours, what would be the difference about doing that in, you know, anywhere? Florida, Alabama, Ohio, anywhere. Like where I could, if I've figured this out, I could just figure this out anywhere else. So 2 hours the other way, right? Yeah, I just, either way, I'm not going, so I'm going to figure this out over the phone. So if you can figure that out, like you could literally start doing this anywhere.
Episode 575: Redefining Retirement as the Day All Your Choices Open Up with Doug Bennett
