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Which STR company has worked for you?
Hello BP! I'm in the market for a STR company. This will be my first time doing this. I'm moving out of state for work and really need the flexibility of being hands off without losing the opportunity to make changes.
I'm considering going with Vacasa, Red Awning, or Evolve. Any of you worked with these companies? Any good bad or ugly stories? Who would you recommend? Thanks.
Hi Breanna Richardson! Not to say anything bad about the following STR companies, but I would go with a smaller one in which they can definitely take care of your home better and won't be overlooked. I can recommend two companies that I know of in the SA market. Your Home Away Management and Five Star Vacation Home. Both are investors and STR operators.
Hope it helps!
Thanks! I truly appreciate it!
- Real Estate Consultant
- Mendham, NJ
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You never want to be hands-off on something you own, especially not when you want to play in the hospitality space. You will not watch the money and payouts and bookings and end up losing more hiring a big firm to do what should only be done by local hosts. You can get a co-host to help you, but you have to be very involved. They can't furnish it and make decisions for you unless you want to end up at the bottom of the algorithm. If you don't want to be involved at all, sell the home and invest in a syndication. STR is not passive no matter how many companies you try to hire.