Firstime long distance STR

[Oscar Jara]

So me and a partner have been looking into buy a property as a long distance STR, it's only really like a 2 and a half hour drive. I understand the importance of having a system to be able to manage the property as efficiently as possible. Where is a good place to get started I've read the permit requirements for the area and I feel like that's a good start but there's some things that seem somewhat vague. Would it be best to speak to some sort of lawyer who can explain the laws better and just pay a consultation fee?

[Brenden Mitchum]

Hey @Oscar Jara

Have you spoken with any investors in that market, specifically STR investors? This is where I would start. Often-times just reading the STR laws/procedures paints a very vague picture. You want to speak with people who are and have been doing what you plan to do. Next/simultaneously, I would call up the municipality and ask them to explain the laws and permitting process.

If the regulations seem really complicated and you're still unsure after speaking with other investors and the city/county, then perhaps consult with a RE attorney familiar with local STR laws.

Hope this helps a bit! Please, feel free to reach out anytime if you have other questions or just want to chat!