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Updated about 3 years ago,
Getting started and Self Managing out of state short term rental
My husband and I are looking to buy a property in Meridian, Idaho and make it a short term rental so we can also stay there when we visit family. We currently live in California, but from what I am reading self managing a STR is much, much more profitable and I think it is the only way we be able to have positive cashflow. Who do I need on our "team" to help us get it up and running and be our "boots" on the ground? I am also concerned about furnishing the property and getting it set up just right to maximize occupancy, average daily rates, etc. I am looking for any feedback or experience from anyone who has purchased an out of state property and then self managed (from afar) as a sort term rental. If anyone has experience in the Meridian area I would love to connect. We are looking to find something in the next month to purchase. Thanks!