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Updated about 3 years ago,
STR PM Long-distance
I'm finally UC on a STR. Been looking for months and really excited about this one.
As I run the numbers, which I am trying to do conservatively, I am seeing that PM companies severely hurt my margins. Obviously there is going to be a level of ease that comes with it, but I am really interested in cash-flow. I'd love the opportunity to speak with someone who has managed STR from a distance w/out property management. Am I crazy?
I've found a cleaner and handyman, but even with that I want to know how to best manage them and set them up for success!
I'd even love to know some of the specifics of checkin and check out. Is there a certain Smart keypad or lockbox I should be using so as to change the code for each guests? Is the airbnb price-setter good or should I pay the 1% to app that will price it so as to increase my occupancy?
These are a few of my questions. If someone was well versed I'd be happy to pay them a consultation fee!
Thanks in advance!