Short-Term & Vacation Rental Discussions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago on . Most recent reply
How to Manage Out of State or Long Distance Short-Term Rentals?
I am looking to manage my first short term rental in Tobyhanna, PA or the surrounding areas. This location is about an hour and a half from my primary residence. What is the best way to manage this property without having to constantly be there? I will be managing the property for a landlord in the general Poconos area. Many people know this as rental arbitrage. Would you hire a dedicated property manager or would it be smarter to pay the short term rental cleaners extra to do any small extra tasks needed? Any help is appreciated! Thank you!
Most Popular Reply
#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
- 6,564
- Votes |
- 7,910
- Posts
#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
Hey @Lucas Bubb it is hard to see how you would actually make money using a PM. I am of course assuming you are paying a bit over market lease rates to do arbitrage.
Essentially it is the same as all of us do remotely. Get a great cleaner and handy person. The cleaner will be you eyes and ears on the ground and the handy person will do what they do.
Keep up on the maintenance of the systems and you should be good to go.