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Updated over 3 years ago on . Most recent reply

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8
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Charlie Moore
3
Votes |
8
Posts

STR PM Long-distance

Charlie Moore
Posted

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! 

Most Popular Reply

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8,073
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
6,780
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8,073
Posts
Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
Replied

Come on @Charlie Moore. Do a search! This is probably the most asked question on the forum. There is a ton of data on here covering nearly everything. ;)

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