The real return on investment can be significantly reduced if the property is left unoccupied or if tenants miss payments on time, or if you lose income due to unscheduled repairs and maintenance.
However, these risks can be minimized by properly managing the property. Unoccupied property can be avoided by rigorously screening tenants. A professional property manager will review the financial history of a potential tenant and obtain a full report on their previous actions in the housing and financial markets, including their credit rating, eviction records, and more.
Furthermore, periodic property inspections will ensure that your tenants are taking good care of the property and that they will be held accountable for any damage caused. All of this is extremely difficult to arrange on your own from abroad, so we recommend that you seek help from an experienced partner who has put all of these precautions into practice.