There are houses throughout the Bay Area sitting empty, just being used as a relatively safe store of value. That goal is already achieved without having to deal with the overhead of managing the property and tenants.
So the homes just sit... empty.
So the homes just sit... empty.
Surely that's not significantly more burdensome than the bureaucratic hassle of purchasing the property in the first place.
I guess there's some significant tax/regulatory difference between capital gains from holding property vs. an income stream from renting said property.
And in the Bay Area people invest more for appreciation than rent. The rent/price ratio is much higher elsewhere.
unfortunately management companies require managing themselves. even if you find a good one, they won't necessarily stay good, so you're firing them, getting new ones, etc.
and i've never heard of one that will let you hand them a property, and then eat all of the risk for you and provide a simple de-risked income stream. even if they'll do a good job of handling 100% of maintenance tasks, they're still going to send you the bills.
anybody who can afford to de-risk a real estate income stream can afford to just buy real estate themselves, they don't need yours. there's no market here.
Sounds like an opportunity here! The Chinese market for "stores of value" is quite high! There are tons of largely empty high-rise condos in China for this very reason. What about a company that has the connections and know-how to smooth over the transactions, then puts management into place to get AirBNB/rental income?