Tip 3 in a word has to do with convenience. Assuming that you live overseas, you probably do not want to have phone calls and emails asking you to deal with a leaky sink or a flood due to a tenant above you. You will need management or maybe not…If you purchase in a building with a concierge, live-in-super and handyman you can probably get away with not having to pay a separate fee for management. Let your tenant know if there is an issue, that they should go to the front desk and put in a work order and email you so that you are informed. That’s it. In some cases, if you bought the property through a broker, and the same broker rents it for you whenever it becomes vacant, they may manage it for you for little or no fee. With direct deposit and your local broker dealing with vacancies, you can have a turnkey investment.