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Updated 12 months ago on . Most recent reply

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Jo Bautista
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Any property manager for Long vs Mid vs Short Term rental in Fort Washington, MD

Jo Bautista
Posted

Deciding between selling vs renting out a single family with 5 bed/3.5 bath. I don't have to sell but I will be out of state so I will need a property manager. Will it be more beneficial as a short term rental since it's somewhat close to Washington, DC? How about making it a mid-term rental? Are houses in that location more appropriate for long term rental? 

For the said property the Zillow Rent estimate is $3500/mo ;  rentOmeter average is $3700 and median is $3800.

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James Carlson
#5 Short-Term & Vacation Rental Discussions Contributor
  • Real Estate Agent
  • Denver | Colorado Springs | Mountains
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James Carlson
#5 Short-Term & Vacation Rental Discussions Contributor
  • Real Estate Agent
  • Denver | Colorado Springs | Mountains
Replied

@Jo Bautista 

If what @Russell Brazil says is true, then midterm or longterm are your options, and in that case, I'd consider self-managing it. 

We've always self-managed our medium-term rentals in Colorado and once you get your systems down, it's not much work at all and the money you save is well worth it in my book. 

If you go the MTR route, reach out to @Erin Spradlin. She knows the space well.

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James Carlson Real Estate

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